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Stock-based Compensation (Tables)
9 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Grant-date Fair Value of Stock Options Granted and Assumptions Used Binominal Models

Included in the following table is a summary of the grant-date fair value of stock options granted and the related assumptions used in the Binomial models for stock options granted during the nine months ended December 31, 2024 and 2023. All such amounts represent the weighted average amounts.

 

   Nine Months Ended 
   December 31 
   2024   2023 
Grant-date fair value   -   $8.73 
Volatility factor   -    56.5%
Dividend yield   -    - 
Risk-free interest rate   -    3.44%
Expected term (in years)   -    6.25 
Summary of Activity of Stock Options

The following table is a summary of activity of stock options for the nine months ended December 31, 2024:

 

   Number of Shares   Weighted Average Exercise Price   Weighted Average Remaining Contract Life in Years   Intrinsic Value 
Outstanding at April 1, 2024   165,750   $9.36    6.62   $103,275 
Granted   -    -           
Exercised   (12,367)   6.28           
Forfeited or Expired   (2,500)   -           
Outstanding at December 31, 2024   150,883   $9.52    6.23   $265,761 
                     
Vested at December 31, 2024   105,508   $7.69    5.55   $378,561 
Exercisable at December 31, 2024   105,508   $7.69    5.55   $378,561