Stock-Based Compensation (Tables)

3 Months Ended

12 Months Ended

Jun. 30, 2021

Mar. 31, 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%

During the three months ended June 30, 2021, we granted service-based options to one employee, pursuant to the 2018 Plan, exercisable into a total of 1,815 shares of our Common Stock. In determining the fair value of the service-based options granted during the three months June 30, 2021, we utilized the Black-Scholes pricing model utilizing the following assumptions:

	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%

In determining the fair value of the service-based options granted during the fiscal year ended March 31, 2021, we utilized the Black-Scholes pricing model utilizing the following assumptions:

	Service-Based Options
Option exercise price per share		$1.08-$1.32
Grant date fair market value per share		$1.08 - $1.96
Expected term of option in years		6.25
Expected volatility		85.0% to 214.5	%
Expected dividend rate		0.00	%
Risk free interest rate		0.42% to 0.84	%

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	$	469,699

Activity under the 2018 Plan for all service-based stock options for the fiscal year ended March 31, 2021 and 2020 are as follows:

	Options Outstanding		Weighted- Average Exercise Price per Share		Weighted- Average Remaining Contractual Term in Years		Aggregate Intrinsic Value
Options outstanding as of April 1, 2019		500,000	$	1.08		9.33	$	120,000
Granted		-		-
Exercised		-		-
Cancelled or forfeited		-		-
Options outstanding as of March 31, 2020		500,000	$	1.08		8.33	$	120,000
Granted		4,397,770	$	1.08
Exercised		-		-
Cancelled or forfeited		-		-
Options outstanding as of March 31, 2021		4,897,770	$	1.08		9.63	$	1,175,417
Options exercisable as of March 31, 2021		992,641	$	1.08		9.63	$	258,811
Options vested or expected to vest as of March 31, 2021		992,641	$	1.08		9.63	$	258,811

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	%

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	%

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

Activity under the 2018 Plan for all performance-based stock options for the fiscal year ended March 31, 2021 is as follows:

	Options Outstanding		Weighted-Average Exercise Price per Share		Weighted-Average Remaining Contractual Term in Years		Aggregate Intrinsic Value
Options outstanding as of April 1, 2020		-	$	-		-	$	-
Granted		600,000		1.08
Exercised		-		-
Cancelled or forfeited		-		-
Options outstanding as of March 31, 2021		600,000	$	1.08		9.83	$	144,000
Options exercisable as of March 31, 2021		85,938	$	1.08		9.83	$	20,625
Options vested or expected to vest as of March 31, 2021		85,938	$	1.08		9.83	$	20,625