STOCK-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Mar. 31, 2026

A summary of time-based RSU activity is presented below:

SCHEDULE OF TIME-BASED RSU ACTIVITY

	Weighted-
	Average			Grant Date
	Shares			Fair Value

Outstanding at March 31, 2024		225,000			4.10
Granted		1,105,866		$	1.11
Vested		(285,449	)		3.31
Forfeited		(445,417	)		2.78
Outstanding at March 31, 2025		600,000			0.99
Granted		1,363,044			0.48
Vested		(367,935	)		0.67
Forfeited		(40,761	)		0.46
Outstanding at March 31, 2026		1,554,348		$	0.62

SCHEDULE OF FAIR VALUE OF SHARE OPTION AWARDS

The fair value of the share option awards was estimated using the Black-Scholes method using the closing price of the Company’s common stock on the date of grant based on the following weighted-average assumptions:

	Year Ended			Year Ended
	March 31, 2026			March 31, 2025

Expected option term		10.0 years			10.0 years
Stock price volatility		112.8	%		138.4	%
Risk free interest rate		4.00	%		2.09	%
Expected annual dividend yield		0.0	%		0.0	%
Forfeiture rate		23.0	%		29.9	%

SCHEDULE OF STOCK OPTION ACTIVITY

A summary of stock option activity is presented below:

SCHEDULE OF STOCK OPTION ACTIVITY

						Weighted-
				Weighted-		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
	Options			Price		Life (Years)		Value

Outstanding at March 31, 2024		1,108,356			3.42		3.45	$	595
Granted		688,194			2.15
Forfeited		(790,000	)		3.59
Exercised		-			-
Outstanding at March 31, 2025		1,006,550		$	2.42		2.85	$	178
Granted		171,516			0.46
Forfeited		(534,766	)		3.20
Exercised		-			-
Outstanding at March 31, 2026		643,300		$	1.25		2.05	$	388
Vested and expected to vest March 31, 2026		588,093		$	2.66		5.71	$	-
Exercisable at March 31, 2026		425,714		$	1.16		4.53	$	37

Perfect Moment Ltd. 10-K