v3.26.1
SUMMARY OF ACCRUED EXPENSES (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Mar. 31, 2025
Payables and Accruals [Abstract]    
Research and development $ 16 $ 360
Professional fees 252 440
Employee salaries and benefits 465 924
Accrued severance [1] 696
Accrued interest 750
Deferred revenue 777
Goods received not invoiced 273 98
Other 143 223
Total accrued expenses and other current liabilities $ 3,372 $ 2,045
[1] Pursuant to the terms of the Release Agreement with Steve Lisi, former CEO, the Company is obligated to pay Mr. Lisi $650,000 in cash compensation over 12 months. After expected employer taxes and benefits, the Company accrued $0.7 million The Company shall also pay Mr. Lisi COBRA premiums for 12 months, as more specifically described in the Release Agreement. All unvested options and all unvested stock restriction unit awards held by Mr. Lisi as of March 27, 2026, shall be accelerated and shall immediately vest, and shall continue to remain exercisable for twenty-four (24) months from March 27, 2026.