STOCK BASED COMPENSATION (Tables)

3 Months Ended

9 Months Ended

Dec. 31, 2021

Dec. 31, 2021

Share-based Payment Arrangement, Noncash Expense [Abstract]

Schedule of fair value of restricted shares awarded using the monte carlo valuation model

The Company has determined the fair value of restricted shares awarded during the nine months ended December 31, 2021 using the Monte Carlo valuation model based on the following key assumptions:

Term (years)	5
Volatility	41.5	%
Risk-free rate	0.06	%

Schedule of the activity of the company's restricted stock outstanding

The table below summarizes the activity for the Company’s restricted stock outstanding during the nine months ended December 31, 2021:

	Shares	Weighted Average Fair Value
Outstanding, at March 31, 2021	15,000	$	775
Granted	1,031,500	39,465
Vested	—	—
Forfeited/cancelled/expired	—	—
Outstanding, at December 31, 2021	1,046,500	$	40,240

Schedule of stock options using the black scholes option

The Company has determined the fair value of such stock options using the Black-Scholes option valuation model based on the following key assumptions:

Term (years)	3
Volatility	165.33	%
Risk-free rate	1.66	%

Schedule of stock option activity

The following is a summary of stock option activity for the nine months ended December 31, 2021:

	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (In Years)	Aggregate Intrinsic Value
Outstanding, March 31, 2021	60,000	$	1.98	6.52	$	3,083,000
Granted	—	—		—	—
Exercised	(60,000)	1.98		6.52	3,742,000
Forfeited/cancelled/expired	—	—		—	—
Outstanding, at December 31, 2021	—	$	—	0	$	—
Exercisable, at December 31, 2021	—	$	—	0	$	—