Stock-Based Compensation (Tables)

9 Months Ended

Dec. 31, 2020

Compensation Related Costs [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

In determining the fair value of the service-based options granted pursuant to the 2018 Plan, we utilized the Black-Scholes pricing model utilizing the following assumptions:

	Service-Based Options
Option exercise price per share	$	1.08
Grant date fair market value per share	$	1.08
Expected term of option in years		6.25
Expected volatility		85.0	%
Expected dividend rate		0.00	%
Risk free interest rate		0.54	%

Schedule of Stock Option Activity

	Options Outstanding		Weighted-Average Exercise Price per Share		Weighted-Average Remaining Contractual Term in Years		Aggregate Intrinsic Value (in thousands)
Options outstanding as of April 1, 2020		-	$
Granted		2,893,842
Exercised		-
Cancelled or forfeited		-
Options outstanding as of December 31, 2020		2,893,842	$	1.08		9.75	$	2,662,335
Options exercisable as of December 31, 2020		212,118	$	1.08		9.75	$	195,149
Options vested or expected to vest as of March 31, 2020		212,118	$	1.08		9.75	$	195,149