RESTRICTED SHARES (Tables)

12 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

The following amounts of stock-based compensation expense for restricted shares were recorded (dollars in thousands):


	Fiscal Year Ended March 31,
	2026		2025		2024
Cost of product revenue	$	—	$	7	$	5
General and administrative (1)		434		1,111		923
Sales and marketing		46		31		17
Research and development		3		8		5
	$	483	$	1,157	$	950

(1)

The termination of Michael Jenkins on April 14, 2025, led to the acceleration of approximately $251 thousand in relation to approximately 322 thousand restricted shares. Mr. Jenkins forfeited approximately 646 thousand performance shares and approximately 78 thousand shares of restricted stock in connection with his termination. The expense was recognized as of March 31, 2025 as it was determined estimable. The shares were accelerated and forfeited as of the termination date, April 14, 2025.

Summary of Performance - Vesting Restricted Stock and Time Vesting - Restricted Stock

The following table summarizes information with respect to performance-vesting restricted stock and time vesting-restricted stock activity:


	Time-Based Restricted Shares					Performance-Based Restricted Shares
	Shares			Weighted Average Fair Value Price		Shares			Weighted Average Fair Value Price
Balance at March 31, 2025		133,159		$	13.00		152,994		$	14.30
Shares issued		66,038		$	6.13		—			—
Shares vested		(73,332	)	$	14.44		—			—
Shares forfeited		(11,787	)	$	10.19		(105,929	)	$	14.72
Shares outstanding at March 31, 2026		114,078		$	8.40		47,065		$	10.90
Per share price on grant date

Summary of Unrecognized Compensation Cost Related to Non-vested Awards

Unrecognized compensation cost related to non-vested common stock-based compensation as of March 31, 2026 is expected to be recognized as follows (dollars in thousands):


Fiscal 2027	$	576
Fiscal 2028		216
Fiscal 2029		40
Total	$	832
Remaining weighted average expected years	0.74