Stock-Based Compensation (Tables)

3 Months Ended

Jun. 30, 2021

Service Based Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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

	Service-Based Options
Option exercise price per share		$1.08 - $2.75
Grant date fair market value per share		$1.08 - $2.75
Expected term of option in years		6.25
Expected volatility		40.3% to 219.2%
Expected dividend rate		0.00%
Risk free interest rate		0.42% to 2.83%

	Service-Based Options
Option exercise price per share		$1.45 - $2.75
Grant date fair market value per share		$1.45 - $2.75
Expected term of option in years		6.25
Expected volatility		218.1% to 219.2%
Expected dividend rate		0.00%
Risk free interest rate		0.81% to 0.89%

 

Service Based Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Stock Option Activity

Activity under the 2018 Plan for all service-based stock options for the three months ended June 30, 2021 are as follows:

	Options Outstanding		Weighted- Average Exercise Price per Share		Weighted- Average Remaining Contractual Term in Years		Aggregate Intrinsic Value
Granted		1,815	$	2.06		10.0		-
Exercised		-		-
Cancelled or forfeited		-		-
Options outstanding as of June 30, 2021		4,899,585	$	1.08		8.15	$	1,812,101
Options exercisable as of June 30, 2021		1,269,575	$	1.08		8.15	$	469,669
Options vested or expected to vest as of June 30, 2021		1,269,575	$	1.08		8.15	$	469,669

Performance Based Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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

In determining the fair value of the performance-based options granted Mr. Hall on September 14, 2020 and earned effective February 1, 2021, we utilized the Black-Scholes pricing model utilizing the following assumptions:

	Performance -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	%

Performance Based Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Stock Option Activity

Activity under the 2018 Plan for all performance-based stock options for the three months ended June 30, 2021 is as follows:

	Options Outstanding		Weighted- Average Exercise Price per Share		Weighted- Average Remaining Contractual Term in Years		Aggregate Intrinsic Value
Granted		-
Exercised		-
Cancelled or forfeited		-
Options outstanding as of June 30, 2021		600,000	$	1.08		9.21	$	222,026
Options exercisable as of June 30, 2021		118,752	$	1.08		9.21	$	43,964
Options vested or expected to vest as of June 30, 2021		118,752	$	1.08		9.21	$	43,964