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, 2026		March 31, 2025		March 31, 2024
Net Sales	$	179,021	$	226,972	$	274,095
Significant expense categories:
Cost of sales	128,805		157,835		189,327
Advertising	21,511		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) expense	1,365		(6,586)		6,870
Income taxes	(73)		5,684		1,191
Depreciation and amortization	9,387		7,039		7,056
Interest income	(511)		(185)		(511)
Acquisition/Partnership transactions and other items	—		231		1,679
Employee severance	1,328		738		512
Sales tax expense (reversal) (2)	—		(1,178)		(1,088)
Professional fees (3)	3,177		—		—
Impairment of goodwill and intangible assets	27,258		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.

(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.