v3.26.1
NET (LOSS) INCOME PER COMMON SHARE (Tables)
12 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Summary of the Effect of Net (Loss) Income Per Common Share Net (loss) income per common share is calculated based upon the following shares:

 

 

 

Fiscal Year Ended March 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

Net (loss) income (dollars in thousands)

 

$

(3,163

)

 

$

(11,801

)

 

$

(11,671

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

3,560,671

 

 

 

3,282,947

 

 

 

3,248,624

 

Weighted-average effect of assumed conversion of stock options and restricted stock

 

 

 

 

 

 

 

 

 

Weighted-average common shares and share equivalents outstanding

 

 

3,560,671

 

 

 

3,282,947

 

 

 

3,248,624

 

Net (loss) income per common share:

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.89

)

 

$

(3.59

)

 

$

(3.59

)

Diluted

 

$

(0.89

)

 

$

(3.59

)

 

$

(3.59

)

 

Number of Potentially Dilutive Securities Excluded from the Calculation of Diluted Net (Loss) Income per Common Share

The following table indicates the number of potentially dilutive securities excluded from the calculation of Diluted net (loss) income per common share because their inclusion would have been anti-dilutive. The number of shares is as of the end of each period:

 

 

 

March 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Time-Based Restricted Shares

 

 

114,078

 

 

 

133,159

 

 

 

101,410

 

Performance-Based Restricted Shares

 

 

47,065

 

 

 

152,994

 

 

 

70,838

 

Total

 

 

161,143

 

 

 

286,153

 

 

 

172,248