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STOCK OPTIONS (Tables)
 6 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of option activity for the period ended September 30, 2024 is presented below:

 

           Weighted-     
       Weighted-   Average     
       Average   Remaining   Aggregate 
       Exercise   Contractual   Intrinsic 
   Options   Price   Life (Years)   Value 
                 
Outstanding at March 31, 2024   1,108,356    3.42    3.45    595 
Granted   688,194    2.15    -    - 
Forfeited   -    -    -    - 
Exercised   -    -    -    - 
Outstanding at September 30, 2024   1,796,550   $2.94    3.11   $177 
                     
Vested September 30, 2024   610,996   $3.01        $177 
                     
Exercisable at September 30, 2024   417,237   $2.06        $177 
SCHEDULE OF FAIR VALUE ASSUMPTIONS OF SHARE OPTION AWARDS

The fair value of the share option awards was estimated using the Black-Scholes method and probability-weighted expected return method (PWERM) based on the following weighted-average assumptions:

 

    Six Months
Ended		  
    September 30,
2024		  
       
Expected life in years     10  
Stock price volatility     138.35% - 142.42 %
Risk free interest rate     2.09% - 3.58 %
Expected dividends     0 %
Forfeiture rate     18.02 – 19.10 %