Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Mar. 31, 2024
CURRENT ASSETS
Cash and cash equivalents	$ 13,095	$ 9,232
Prepaid expenses and other	422	465
TOTAL CURRENT ASSETS	13,517	9,697
Property and equipment, net	4,453	2,975
Right of use assets, net	765	1,135
TOTAL NON-CURRENT ASSETS	5,218	4,110
TOTAL ASSETS	18,735	13,807
CURRENT LIABILITIES
Accounts payable	338	802
Accrued expenses	504	280
Short-term lease liabilities	423	373
TOTAL CURRENT LIABILITIES	1,265	1,455
Long-term lease liabilities	393	817
TOTAL LIABILITIES	1,658	2,272
Commitments and Contingencies (Note 7)
STOCKHOLDERS’ EQUITY
Preferred Stock, $0.001 par value, 5,000 shares authorized, none issued and outstanding
Common Stock, $0.001 par value, 100,000 shares authorized as of March 31, 2025 and 2024; 53,706 and 32,464 shares issued and outstanding as of March 31, 2025 and 2024, respectively	54	32
Additional paid-in capital	101,776	77,432
Accumulated deficit	(84,753)	(65,929)
TOTAL STOCKHOLDERS’ EQUITY	17,077	11,535
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 18,735	$ 13,807

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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- 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).