v3.25.2
Stockholders' equity (Tables)
12 Months Ended
Mar. 31, 2025
Stockholders' equity [Abstract]  
Derivative Warrant Liabilities Measured at Fair Value and Reconciliation of Changes in Fair Value
The derivative warrant liabilities are measured at fair value at each reporting period and the reconciliation of changes in fair value is presented in the following table:
 
             
  March 31, 2025   March 31, 2024  
  $   $  
Beginning balance
 4,359        
Issued during the year
      1,631   
Change in fair value
 
3,218
     
2,728
   
Ending balance
 1,141     4,359   
Fair Value Assumptions
The warrant liability was determined based on the fair value of warrants at the issue date and the reporting dates using the Black-Scholes model with the following weighted-average assumptions will expire on the earlier of (i) the 60th day after the date of the acceptance by the FDA of a NDA for the Company's product candidate GTx-104 and (ii) five years from the date on issuance.
 
           
    March 31, 2025       March 31, 2024  
Risk-free interest rate
 4.18%    4.69%
Share price
$2.28    $3.43 
Expected warrant life
 1.14     2.03 
Dividend yield
 0%    0%
Expected volatility
 74.26%    85.94%