RELATED PARTY TRANSACTIONS |
12 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | 15. RELATED PARTY TRANSACTIONS
Consulting and Advisory Services
One director of the Company provided consulting and advisory services for the Company totaling $292 and $185 for the years ended March 31, 2026 and 2025, respectively, and are included in selling, general and administrative expenses on the accompanying consolidated statement of operations and comprehensive loss.
Series AA Preferred Stock
In March 2025, the Company entered into securities purchase agreements with a company controlled by the Chairman whereby the Company issued shares of Series AA Preferred Stock at an original issue price of $ per share for gross proceeds of $2,000. On January 15, 2026, the Company issued shares of its common stock upon conversion of all outstanding shares of the Series AA Preferred Stock held by the company controlled by the Chairman (see Note 10).
Line of Credit
One of the lenders on the Revolver was an investor of the Company that owned more than 5.0% of outstanding shares of the Company. Refer to Note 9 for further details.
See Note 9 for further discussion of notes payable issued to related parties.
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