4. BALANCE SHEET DETAIL (Tables)
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12 Months Ended |
Mar. 31, 2026 |
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| BALANCE SHEET DETAIL |
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| Schedule of inventories |
| | | | | | | | | | March 31, | | | | 2026 | | 2025 | | | | | (In thousands) | | Inventories: | | | | | | | | Work-in-progress | | $ | 1,978 | | $ | 1,769 | | Finished goods | | | 2,101 | | | 2,122 | | | | $ | 4,079 | | $ | 3,891 | |
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| Schedule of accounts receivable, net |
| | | | | | | | | | March 31, | | | | 2026 | | 2025 | | | | | (In thousands) | | Accounts receivable, net: | | | | | | | | Accounts receivable | | $ | 4,389 | | $ | 3,215 | | Less: Allowances for credit losses | | | (152) | | | (46) | | | | $ | 4,237 | | $ | 3,169 | |
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| Schedule of prepaid expenses and other current assets |
| | | | | | | | | | March 31, | | | | 2026 | | 2025 | | | | | (In thousands) | | Prepaid expenses and other current assets: | | | | | | | | Prepaid tooling and masks | | $ | 593 | | $ | 1,834 | | Other receivables | | | 88 | | | 695 | | Other prepaid expenses and other current assets | | | 2,978 | | | 432 | | | | $ | 3,659 | | $ | 2,961 | |
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| Schedule of property and equipment, net |
| | | | | | | | | | March 31, | | | | 2026 | | 2025 | | | | | (In thousands) | | Property and equipment, net: | | | | | | | | Computer and other equipment | | $ | 18,187 | | $ | 17,733 | | Software | | | 4,426 | | | 4,426 | | Furniture and fixtures | | | 102 | | | 102 | | Leasehold improvements | | | 942 | | | 927 | | | | | 23,657 | | | 23,188 | | Less: Accumulated depreciation | | | (22,774) | | | (22,380) | | | | $ | 883 | | $ | 808 | |
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| Schedule of intangible assets |
The following table summarizes the components of intangible assets and related accumulated amortization balances at March 31, 2026 and 2025, respectively (in thousands): | | | | | | | | | | | | As of March 31, 2026 | | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net Carrying
Amount | Intangible assets: | | | | | | | | | | Product designs | | $ | 590 | | $ | (590) | | $ | — | Patents | | | 4,220 | | | (3,131) | | | 1,089 | Software | | | 80 | | | (80) | | | — | Total | | $ | 4,890 | | $ | (3,801) | | $ | 1,089 |
| | | | | | | | | | | | As of March 31, 2025 | | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net Carrying
Amount | Intangible assets: | | | | | | | | | | Product designs | | $ | 590 | | $ | (590) | | $ | — | Patents | | | 4,220 | | | (2,897) | | | 1,323 | Software | | | 80 | | | (80) | | | — | Total | | $ | 4,890 | | $ | (3,567) | | $ | 1,323 |
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| Schedule of estimated future amortization expense of intangible assets |
As of March 31, 2026, the estimated future amortization expense of intangible assets in the table above is as follows (in thousands): | | | | Fiscal year ending March 31, | | | | 2027 | | $ | 233 | 2028 | | | 233 | 2029 | | | 233 | 2030 | | | 233 | 2031 | | | 157 | Total | | $ | 1,089 |
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| Schedule of accrued expenses and other liabilities |
| | | | | | | | | | March 31, | | | | 2026 | | 2025 | | | | | (In thousands) | | Accrued expenses and other liabilities: | | | | | | | | Accrued compensation | | $ | 2,421 | | $ | 2,488 | | Accrued commissions | | | 168 | | | 85 | | Production mask set | | | — | | | 1,250 | | Purchased intellectual property | | | 917 | | | — | | Others | | | 588 | | | 618 | | | | $ | 4,094 | | $ | 4,441 | |
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