v3.26.1
Segment Reporting
 12 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting
(3) Segment Reporting
The Company has a single segment that derives sales from customers through the sale of products which are shipped directly to customers. The accounting policies of the Company's single segment are the same as those described in the Company's Significant Accounting Policies.
The Company’s chief operating decision maker (“CODM”) is the Interim Chief Executive Officer. The CODM assesses performance for the segment and decides how to allocate resources based on consolidated net income (loss) and Adjusted EBITDA. The table below reconciles GAAP net loss reported on the accompanying Consolidated Statements of Operations to Adjusted EBITDA. The CODM uses consolidated net income (loss) and Adjusted EBITDA to evaluate income generated from segment assets in deciding whether to reinvest profits into the segment or into other parts of the entity. Adjusted EBITDA is used to monitor budget versus actual results and forecast versus actual results and is utilized when establishing management’s compensation in collaboration with the Board of Directors. Adjusted EBITDA should only be considered as supplemental to, and alongside with, other GAAP based financial performance measures, including various cash flow metrics, net income, net margin, and our other GAAP results.
The table below provides a summary of significant expense categories regularly provided to the CODM reconciled to Adjusted EBITDA, as well as a reconciliation of net loss to Adjusted EBITDA, for the years ended March 31. The CODM does not review segment assets at a different asset level or category than those disclosed within the consolidated balance sheets.

Twelve Months Ended
($ in thousands)
March 31, 2026March 31, 2025March 31, 2024
Net Sales$179,021 $226,972 $274,095 
Significant expense categories:
  Cost of sales128,805 157,835 189,327 
  Advertising21,511 23,781 30,628 
  Other segment expenses (1)
85,991 51,627 61,604 
Net loss$(57,286)$(6,271)$(7,464)
(Add) subtract:
Share-based compensation (reversal) expense1,365 (6,586)6,870 
Income taxes(73)5,684 1,191 
Depreciation and amortization9,387 7,039 7,056 
Interest income(511)(185)(511)
Acquisition/Partnership transactions and other items— 231 1,679 
Employee severance1,328 738 512 
Sales tax expense (reversal) (2)
— (1,178)(1,088)
Professional fees (3)
3,177 — — 
Impairment of goodwill and intangible assets27,258 1,200 — 
Adjusted EBITDA$(15,355)$672 $8,245 

(1)Principally comprised of other operating and non-operating income and expenses including salaries and wages, operating expenses such as utilities, insurance, professional fees, etc., and impairment of goodwill and intangible assets.
(2)Reversal consists of abatement of certain sales tax accruals.
(3)Consists of professional fees related to the investigation as previously disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2025.