LEASES

12 Months Ended

Mar. 31, 2026

6. LEASES

The Company has obligations under operating leases for its offices. The majority of the Company’s leases include renewal options at the sole discretion of the Company. In general, it is not reasonably certain that lease renewals will be exercised at lease commencement and therefore lease renewals are not included in the lease term.

In January 2026, the Company entered into a long-term non-cancellable lease agreement for its new office facility. The lease terminates in 2030. The Company classified the lease as an operating lease and determined that the present value of the right of use asset and lease liability at the adoption date was $1,077, using a discount rate of 8.00%.

The following table details the Company’s net lease expense. The lease expenses include contingent rent payments and other non-fixed lease related costs, including common area maintenance, property taxes, and landlord’s insurance.

SCHEDULE OF LEASE EXPENSE

Lease expense	March 31, 2026			March 31, 2025
Lease expense	Year Ended March 31, 2026			Year Ended March 31, 2025

Net lease expense:
Operating lease expense	$	76		$	110
Total lease expense	$	76		$	110

Weighted-average remaining lease term (in years)		4.72			0.53
Weighted-average discount rate		8.0	%		5.0	%

Rent expense for the fiscal years ended March 31, 2026 and 2025 was $534 and $894, respectively (including short term and other rentals).

Maturity of lease liabilities	March 31, 2026

Within one year	$	59
Within one to two years		232
Within two to three years		339
Within three to four years		382
Within four to five years		316
Total lease payments		1,328
Discount rate		(259	)
Present value of lease liabilities		1,069
Less current portion		(37	)
Operating lease liability, non-current	$	1,032