Stock-Based Compensation (Tables)

9 Months Ended

Dec. 31, 2021

Service Based Stock Option [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		$1.00 - $2.75
Grant date fair market value per share		$1.00 - $2.75
Expected term of option in years		6.25
Expected volatility		40.3% to 220.5	%
Expected dividend rate		0.00	%
Risk free interest rate		0.42% to 2.83	%

	Service-Based Options
Option exercise price per share		$1.00 - $2.75
Grant date fair market value per share		$1.00 - $2.75
Expected term of option in years		6.25
Expected volatility		218.1% to 220.5	%
Expected dividend rate		0.00	%
Risk free interest rate		0.71% to 1.02	%

 

Schedule of Stock Option Activity

Activity under the 2018 Plan for all service-based stock options for the nine months ended December 31, 2021 are as follows:

	Options Outstanding		Weighted- Average Exercise Price per Share		Weighted- Average Remaining Contractual Term in Years		Aggregate Intrinsic Value
Options outstanding at April 1, 2021:		4,897,770	$	1.08		9.63	$	1,175,417
Granted		102,825		1.10		9.59		-
Exercised		-
Cancelled or forfeited		-
Options outstanding as of December 31, 2021		5,000,595	$	1.08		7.73	$	nil
Options exercisable as of December 31, 2021		1,830,448	$	1.08		7.73	$	nil
Options vested or expected to vest as of December 31, 2021		1,830,448	$	1.08		7.73	$	nil

Performance Based Stock 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 to 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		240.1	%
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 nine months ended December 31, 2021 is as follows:

	Options Outstanding		Weighted- Average Exercise Price per Share		Weighted- Average Remaining Contractual Term in Years		Aggregate Intrinsic Value
Balance at April 1, 2021		600,000	$	1.08		9.83	$	144,000
Granted		-
Exercised		-
Cancelled or forfeited		-
Options outstanding as of December 31, 2021		600,000	$	1.08		8.71	$	nil
Options exercisable as of December 31, 2021		184,380	$	1.08		8.71	$	nil
Options vested or expected to vest as of December 31, 2021		184,380	$	1.08		8.71	$	nil