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OPTIONS AND WARRANTS
9 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
OPTIONS AND WARRANTS [Text Block]

NOTE 6 - OPTIONS AND WARRANTS

Options

Issuance of Options

On November 11, 2021, we granted an aggregate of 129,000 stock options to five employees for the purchase of up to 129,000 shares of our common stock pursuant to our 2020 Equity Incentive Plan. Each stock option is exercisable at a price of US$1.64 per share until November 10, 2031. The stock options will vest as to 50% on each anniversary of the grant date.

Warrants

Exercise of Warrants

Effective as of November 15, 2021, we issued an aggregate of 666,667 shares of our common stock to one individual upon exercise of our common stock purchase warrants with an exercise price of $1.25 per share for aggregate gross proceeds of $833,334.