STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The options are valued using a Black-Scholes Pricing Model, and Market-based RSUs are valued based on a lattice model, with the following assumptions:

	Granted in Fiscal 2025			Granted in Fiscal 2024
Expected life of options	5 years			5 years
Vested options		100	%		100	%
Risk-free interest rate		4.15	%		5.24	%
Expected volatility		175	%		175	%
Expected dividend yield	Nil			Nil

Nonvested Restricted Stock Shares Activity [Table Text Block]

The expense associated with share-based payments to employees, directors, advisors, and contractors is allocated over the vesting or service period and recognized in the Selling, general, and administrative expenses (including research and development). For the three months ended June 30, 2024, the Company’s share-based expense and option-based expense shown in Selling, general, and administrative expenses (including research and development) were $268 thousand and $165 thousand, respectively, and for the three months ended June 30, 2023, the Company’s share-based expense and option-based expense was $354 thousand and $4 thousand, respectively.

Non-vested shares	Shares (in thousands) (#)			Weighted average grant date fair value ($)
Non-vested shares as of March 31, 2024		7,452			0.62
Granted		-			-
Vested		(100	)		0.43
Cancelled/forfeited		-			-
Non-vested shares as of June 30, 2024		7,352			0.61

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Options	Shares (in thousands) (#)		Weighted average grant date fair value ($)		Weighted average exercise price ($)
Options outstanding as of March 31, 2024		3,710		0.25		0.29
Granted		-		-		-
Exercised		-		-		-
Cancelled/forfeited		-		-		-
Options outstanding as of June 30, 2024		3,710		0.25		0.29