STOCK PLANS AND STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2023

STOCK PLANS AND STOCK-BASED COMPENSATION

Schedule of activity related to stock options under the Stock Option Plans

	Three Months Ended June 30,			Three Months Ended June 30,
	2023			2022
		Weighted			Weighted
		Average			Average
	Number of	Exercise		Number of	Exercise
	Shares	Price		Shares	Price
Balance, beginning of period	14,310	$	2.78	17,332	$	2.78
Options exercised	(6,799)		2.78	(1,511)		2.78
Balance, end of period	7,511	$	2.78	15,821	$	2.78

Schedule of information on stock options outstanding under the Stock Option Plans

	2023		2022
Stock options fully vested and expected to vest:
Number		7,511		15,821
Weighted average exercise price	$	2.78	$	2.78
Aggregate intrinsic value (1)	$	17,000	$	60,000
Weighted average contractual term of options (years)		0.04		1.04
Stock options fully vested and currently exercisable:
Number		7,511		15,821
Weighted average exercise price	$	2.78	$	2.78
Aggregate intrinsic value (1)	$	17,000	$	60,000
Weighted average contractual term of options (years)		0.04		1.04

(1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price) that would have been received by the option holders had all option holders exercised. This amount changes based on changes in the market value of the Company’s stock.

Schedule of unvested restricted stock activity

	Time Based			Performance Based			Total
	Number	Weighted		Number	Weighted		Number	Weighted
	of	Average		of	Average		of	Average
	Unvested	Grant Date		Unvested	Grant Date		Unvested	Grant Date
Three Months Ended June 30, 2023	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Balance, beginning of period	29,977	$	6.14	132,645	$	6.05	162,622	$	6.07
Forfeited	—		—	(3,678)		6.30	(3,678)		6.30
Balance, end of period	29,977	$	6.14	128,967	$	6.04	158,944	$	6.06

	Time Based			Performance Based			Total
	Number	Weighted		Number	Weighted		Number	Weighted
	of	Average		of	Average		of	Average
	Unvested	Grant Date		Unvested	Grant Date		Unvested	Grant Date
Three Months Ended June 30, 2022	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Balance, beginning of period	26,855	$	6.02	121,492	$	5.70	148,347	$	5.76
Forfeited	—		—	(2,977)		7.56	(2,977)		7.56
Vested	(2,517)		8.35	(10,968)		8.35	(13,485)		8.35
Balance, end of period	24,338	$	5.78	107,547	$	5.38	131,885	$	5.45