Annual report [Section 13 and 15(d), not S-K Item 405]

Stock-Based Compensation (Tables)

v3.26.1
Stock-Based Compensation (Tables)
12 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of weighted-average assumptions of fair value of employee stock options
           
    Year Ended March 31,  
    2026     2025  
Fair value of the Company’s common stock on date of grant   $ 3.54     $ 2.68  
Expected term     5.81 yrs       5.68 yrs  
Risk-free interest rate     4.22%       4.57%  
Dividend yield     0.00%       0.00%  
Volatility     111.95%       109.91%  
Fair value of options granted   $ 2.98     $ 2.23  
Schedule of stock based awards outstanding by plan
     
Plan   Outstanding  
2011 Plan     3,747  
2016 Plan     119,075  
2021 Plan     19,841  
2024 Plan     104,500  
      247,163  
Schedule of stock options award activity
                       
    Number of
Shares
    Weighted-
Average
Exercise Price
    Weighted-
Average
Contractual Term
    Aggregate
Intrinsic
Value
 
Outstanding at April 1, 2025     73,081     $ 43.27                  
Options granted     74,500       3.54                  
Options exercised     (15,500 )     2.81                  
Options forfeited     (2,918 )     99.48                  
Options expired                            
Outstanding at March 31, 2026     129,163     $ 23.94       8.79     $ 2.13  
Exercisable at March 31, 2026     72,080     $ 40.21       8.04     $ 2.13  
Schedule of restricted stock award activity
           
   

Number of

Shares

   

Weighted

Average Award

Date Fair Value

per Share

 
Unvested restricted stock awards outstanding at April 1, 2025     45,000     $ 2.68  
Restricted stock awards granted     96,500       3.14  
Forfeited     (23,500 )     2.78  
Restricted stock awards vested            
Unvested restricted stock awards outstanding at March 31, 2026     118,000     $ 3.04