Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Current assets:
Cash and cash equivalents	$ 30,789	$ 67,131
Marketable securities	14,614	13,351
Prepaid expenses and other current assets	1,540	1,594
Total current assets	46,943	82,076
Property and equipment, net	427	476
Right-of-use asset - operating lease	801	1,335
Other assets	393	454
Total assets	48,564	84,341
Current liabilities:
Accounts payable	1,535	653
Accrued expenses	8,755	8,810
Notes Payable	96	0
Deferred revenue - current portion	1,710	2,588
Less: operating lease liabilities - current portion	699	561
Total current liabilities	12,795	12,612
Deferred revenue - non-current portion	0	391
Operating lease liabilities - non-current portion	249	948
Total liabilities	13,044	13,951
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized at March 31, 2026 and March 31, 2025; no shares outstanding at March 31, 2026 and March 31, 2025	0	0
Common stock, $0.001 par value; 325,000,000 shares authorized at March 31, 2026 and March 31, 2025; 39,624,839 and 29,001,481 shares issued at March 31, 2026 and March 31, 2025, respectively	40	29
Additional paid-in capital	516,767	481,956
Treasury stock, at cost, 4,522 shares of common stock held at March 31, 2026 and March 31, 2025	(3,968)	(3,968)
Accumulated other comprehensive gain (loss)	(2)	5
Accumulated deficit	(477,317)	(407,632)
Total stockholders’ equity	35,520	70,390
Total liabilities and stockholders’ equity	$ 48,564	$ 84,341

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).