STOCK BASED COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2023

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 as of grant date, using the Monte Carlo valuation model based on the following key assumptions:

Term (years)	2.83
Volatility	35.1	%
Risk-free rate	4.18	%

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 three months ended June 30, 2023:

	Shares	Weighted Average Fair Value
Outstanding, at March 31, 2023	467,058	18,035
Granted	—	—
Vested	(134,558)	(5,138)
Forfeited/cancelled/expired	—	—
Outstanding, at June 30, 2023	332,500	12,897