Stock- Based Compensation (Tables)

3 Months Ended

Jun. 30, 2023

Service Based Stock Option [Member]

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

Schedule of Stock Option Activity

	Options Outstanding		Weighted- Average Exercise Price per Share		Weighted- Average Remaining Contractual Term in Years		Aggregate Intrinsic Value
Options outstanding at March 31, 2023:		6,481,013		0.33		7.74		-
Granted		250,000		-
Exercised		-		-
Cancelled or forfeited		-		-
Options outstanding as of June 30, 2023		6,731,013		0.33		7.49
Options vested and exercisable as of June 30, 2023		3,500,139

Performance-Based Stock Option Grants

We also granted performance-based options pursuant to the 2018 Plan to Rohan Hall, our chief technology officer, which are exercisable into 600,000 shares of our common stock subject to certain designated milestones. On March 18, 2021, our Board of Directors determined that Mr. Hall earned all of the performance-based options effective February 1, 2021. The Board of Directors also entered into a resolution whereby 75,000 shares of our common stock underlying the performance-based options would vest immediately and 525,000 shares of our common stock underlying the performance-based option would vest ratably over a 48-month period with the first vesting date being February 1, 2021.

ROCKETFUEL BLOCKCHAIN, INC.

NOTES TO FINANCIAL STATEMENTS

JUNE 30, 2023

Activity under the 2018 Plan for all performance-based stock options for the three months ended June 30, 2023 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, 2023:		600,000		0.33		7.46		-
Granted
Exercised
Cancelled or forfeited
Options outstanding as of June 30, 2023		600,000		0.33		7.21		-
Options vested and exercisable as of June 30, 2023		435,945		0.33

Performance Based Options [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, 2023 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, 2023:		600,000		0.33		7.46		-
Granted
Exercised
Cancelled or forfeited
Options outstanding as of June 30, 2023		600,000		0.33		7.21		-
Options vested and exercisable as of June 30, 2023		435,945		0.33