Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Mar. 31, 2024
Current assets:
Cash and cash equivalents	$ 67,131	$ 119,166
Marketable securities	13,351	0
Prepaid expenses and other current assets	1,594	1,506
Total current assets	82,076	120,672
Property and equipment, net	476	435
Right-of-use asset - operating lease	1,335	1,820
Other assets	454	726
Total assets	84,341	123,653
Current liabilities:
Accounts payable	653	1,547
Accrued expenses	8,810	2,235
Deferred revenue - current portion	2,588	791
Less: operating lease liabilities - current portion	561	550
Total current liabilities	12,612	5,123
Deferred revenue - non-current portion	391	2,674
Operating lease liabilities - non-current portion	948	1,570
Total liabilities	13,951	9,367
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized at March 31, 2025 and March 31, 2024; no shares outstanding at March 31, 2025 and March 31, 2024	0	0
Common stock, $0.001 par value; 325,000,000 shares authorized at March 31, 2025 and March 31, 2024; 29,001,481 and 27,029,731 shares issued at March 31, 2025 and March 31, 2024, respectively	29	27
Additional paid-in capital	481,956	474,441
Treasury stock, at cost, 4,522 shares of common stock held at March 31, 2025 and March 31, 2024	(3,968)	(3,968)
Accumulated other comprehensive gain	5	0
Accumulated deficit	(407,632)	(356,214)
Total stockholders’ equity	70,390	114,286
Total liabilities and stockholders’ equity	$ 84,341	$ 123,653

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).