v3.26.1
Note 6 - Income Taxes (Tables)
 12 Months Ended
Mar. 31, 2026
Notes Tables  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
        %
  

Year Ended March 31, 2026

 
  

Amount

  

Percent

 

Federal benefit at statutory rate

 $(3,510)  21.00%

Nontaxable or nondeductible items:

        

Cancellation of prior stock compensation deferred tax asset

  1,360   (8.13)%

Equity-based compensation

  8   (0.06)%

State tax expense

  (53)  0.32%

Valuation allowance

  2,195   (13.13)%

Effective income tax rate

 $—   —%
  

Year Ended March 31, 2025

 
  

Amount

  

Percent

 

Tax benefit at the U.S. federal statutory rate

 $(2,396)  21.00%

Permanent differences

  5   (0.05)%

Return to provision

  (44)  0.39%

Change in state rate

  234   (2.05)%

State tax (net of federal benefit)

  (63)  0.55%

Valuation allowance

  2,264   (19.84)%

Effective income tax rate

 $—   —%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
  

March 31,

  

March 31,

 
  

2026

  

2025

 

Deferred tax assets:

        

Capitalized research and development expense

 $1,275  $1,380 

Net operating loss carryforwards

  1,965   761 

Accrual expenses and other current liabilities

  4,677   3,438 

Stock-based compensation

  —   450 

Total deferred tax assets

  7,917   6,029 

Less: valuation allowance

  (7,917)  (5,723)

Net deferred tax assets

  —   306 

Deferred tax liabilities:

        

Section 481A method change

  —   (306)

Total deferred tax liabilities

  —   (306)

Net deferred tax assets

 $—  $—