v3.25.2
Fair value measurements
 12 Months Ended
Mar. 31, 2025
Fair value measurements [Abstract]  
Fair value measurements
3. Fair value measurements
 
Assets and liabilities measured at fair value on a recurring basis as of March 31, 2025 are as follows:
 
                
   
Total
    
Quoted
prices in
active
markets
(Level 1)
    
Significant
other
observable
inputs (Level
2)
    
Significant
unobservable
inputs (Level
3)
 
   $    $    $    $ 
Assets
                   
Treasury bills classified as cash equivalents
  21,304    21,304       —      —  
Total assets
  21,304    21,304       —      —  
Liabilities
                   
Derivative warrant liabilities
  1,141       —        —     1,141 
Total liabilities
  1,141       —        —     1,141 
 
Assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 are as follows:
 
                
   
Total
    
Quoted
prices in
active
markets
(Level 1)
    
Significant
other
observable
inputs (Level
2)
    
Significant
unobservable
inputs (Level
3)
 
   $    $    $    $ 
Assets
                   
Guaranteed investment certificates and term deposits classified as cash equivalents
  19,725    19,725     —      —  
Total assets
  19,725    19,725     —      —  
Liabilities
                   
Derivative warrant liabilities
  4,359     —      —     4,359 
Total liabilities
  4,359     —      —     4,359 
 
There were no changes in valuation techniques or transfers between Levels 1, 2 or 3 during the years ended March 31, 2025 and 2024. The Company’s derivative warrant liabilities are measured at fair value on a recurring basis using unobservable inputs that are classified as Level 3 inputs. Refer to Note 8, Stockholders’ Equity, for the valuation techniques and assumptions used in estimating the fair value of the derivative warrant liabilities.