Transition report pursuant to Rule 13a-10 or 15d-10

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
9 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of weighted average significant unobservable inputs in measuring warrants
    Year Ended March 31,
2021
 
 
Dividend yield     0 %
Expected price volatility     50 %
Risk free interest rate         0.11-0.41 %
Expected term     4-5 years  

 

Schedule of assumptions used in the Monte Carlo simulation model
    November 13,
2020
    January 28,
2021
 
Risk Free Interest Rate     0.12 %     0.08 %
Expected life (years)     1.00      
-
 
Expected dividend yield     0 %     0 %
Expected volatility     50.0 %     50.0 %

 

Schedule of changes in Level 3 liabilities measured at fair value
    Warrant     Share Settlement  
    Liability     Feature  
Balance at March 31, 2020   $ 1,733,718     $
-
 
Issuance of warrants in connection with convertible notes     942,449       225,186  
Issuance of warrants in connection with financing     515,426      
-
 
Issuance of placement agent warrants     74,755      
-
 
Change in fair value     2,360,543       12,706  
Reclassification of warrants to equity     (5,626,891 )    
-
 
Conversion of notes payable    
-
      (237,892 )
Balance at March 31, 2021   $
-
    $
-