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Stock- Based Compensation (Tables)
3 Months Ended
Jun. 30, 2022
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

In determining the fair value of the service-based options during the three months ended June 30, 2022, we utilized the Black-Scholes pricing model utilizing the following assumptions:

 

Option exercise price per share     $0.21 - $0.30      
Grant date fair value per share     $0.20 - $0.29      
Expected volatility     163%      
Expected term of option in years     6.25      
Range of risk-free interest rate     2.5%      
Dividend yield     -      
Schedule of Stock Option Activity

Activity under the 2018 Plan for all service-based stock options for the three months ended June 30, 2022 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, 2022:   5,606,013   $0.33    8.57   $5,000 
Granted   100,000    0.26           
Exercised   -    -           
Cancelled or forfeited   (482,211)   1.96           
Options outstanding as of June 30, 2022   5,223,802   $0.33    8.31   $- 
Options vested and exercisable as of June 30, 2022   2,485,282   $0.29        $- 
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 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%
Schedule of Stock Option Activity

Activity under the 2018 Plan for all performance-based stock options for the three months ended June 30, 2022 is 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, 2022:   600,000   $0.33    8.46   $- 
Granted   -    -           
Exercised   -    -           
Cancelled or forfeited   -    -           
Options outstanding as of June 30, 2022   600,000   $0.33    8.21   $- 
Options vested and exercisable as of June 30, 2022   250,008   $0.33        $-