v3.25.2
Balance Sheet Components
 3 Months Ended
Jun. 30, 2025
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components Balance Sheet Components
Prepaid Expense and Other Current Assets
Prepaid expense and other current assets consisted of the following:
June 30, 2025March 31, 2025
(in thousands)
Prepaid expenses$6,023 $8,827 
Insurance receivables18,054 18,497 
Advances to employees2,017 3,101 
Other receivables961 1,379 
Other current assets2,065 2,826 
Prepaid expenses and other current assets$29,120 $34,630 
Property and Equipment, Net
Property and equipment, net consisted of the following:
June 30, 2025March 31, 2025
(in thousands)
Computer equipment and software$2,682 $2,713 
Laboratory equipment and software34,653 34,681 
Furniture and office equipment782 836 
Leasehold improvements962 967 
Property and equipment, gross39,079 39,197 
Less: accumulated depreciation and amortization(38,097)(37,939)
Property and equipment, net$982 $1,258 
Depreciation and amortization expense was $0.2 million and $1.3 million for the three months ended June 30, 2025 and 2024, respectively. There were no impairments to property and equipment for the three months ended June 30, 2025 and 2024.
Operating Lease ROU Assets, Net
Operating lease right-of-use (“ROU”) assets, net consisted of the following:
June 30, 2025March 31, 2025
(in thousands)
Operating lease ROU assets$2,408 $2,408 
Less: accumulated amortization(1,956)(1,875)
Operating lease ROU assets, net$452 $533 
There were no impairments to ROU assets during the three months ended June 30, 2025 and 2024.
Internal-Use Software, Net
Internal-use software, net consisted of the following:
June 30, 2025March 31, 2025
(in thousands)
Capitalized internal-use software$43,148 $41,633 
Less: accumulated amortization(24,082)(22,237)
Internal-use software, net$19,066 $19,396 
The Company capitalized $1.5 million and $1.4 million in internal-use software during the three months ended June 30, 2025 and 2024, respectively.
Amortization of internal-use software was $1.8 million for each of the three months ended June 30, 2025 and 2024. There was no impairment to internal-use software for the three months ended June 30, 2025 and 2024.
Intangible Assets, Net
Intangible assets, net consisted of the following:
June 30, 2025
Weighted Average Remaining Useful Life
(Years)
Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
(in thousands, except years)
Customer relationships0.0$14,900 $(14,900)$— 
Partnerships6.39,000 (3,300)5,700 
Trademark1.311,000 (8,067)2,933 
Developed technology3.324,100 (12,624)11,476 
Non-compete agreements1.32,800 (2,053)747 
Patents3.45,500 (3,001)2,499 
Total intangible assets$67,300 $(43,945)$23,355 
 March 31, 2025
Weighted Average Remaining Useful Life
(Years)
Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
(in thousands, except years)
Customer relationships0.0$14,900 $(14,900)$— 
Partnerships6.69,000 (3,075)5,925 
Trademark1.611,000 (7,517)3,483 
Developed technology3.624,100 (11,763)12,337 
Non-compete agreements1.62,800 (1,913)887 
Patents3.65,500 (2,797)2,703 
Total intangible assets$67,300 $(41,965)$25,335 
Amortization expense for intangible assets was $2.0 million for each of the three months ended June 30, 2025 and 2024. There was no impairment to intangible assets during the three months ended June 30, 2025 and 2024.
Accrued Expense and Other Current Liabilities
Accrued expense and other current liabilities consisted of the following:
June 30, 2025March 31, 2025
(in thousands)
Accrued payables$4,789 $4,221 
Accrued legal expenses27,097 1,210 
Accrued compensation and benefits2,052 3,444 
Accrued vacation87 68 
Accrued bonus4,095 6,123 
Accrued taxes and other302 433 
Total accrued expenses and other current liabilities$38,422 $15,499 
Liabilities Subject to Compromise
For information regarding the components of liabilities subject to compromise, see Note 3, “Bankruptcy Proceedings.”