v3.26.1
Note 18 - Income Tax Provision (Tables)
12 Months Ended
Mar. 31, 2026
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
  

Year Ended March 31,

 
  

2026

  

2025

 

Loss before income taxes:

        

Domestic

 $(21,223) $(20,555)

Foreign

  -   - 

Total loss before income taxes

 $(21,223) $(20,555)

The provision for income taxes consisted of the following:

        

Current

        

U.S. Federal

 $-  $- 

State

  29   95 

Foreign

  -   - 

Total Current

  29   95 
         

Deferred:

        

U.S. Federal

  (1)  (68)

State

  2   (212)

Foreign

  -   - 

Total Deferred

  1   (280)

Total provision (benefit) for income taxes

 $30  $(185)
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
  

Year Ended March 31, 2026

 
         

Income taxes computed at Federal statutory rate

 $(4,457)  21.00%

State and local income taxes, net of federal income tax effect (a)

  336   (1.58)%

Valuation allowance

  3,494   (16.46)%

Other

  657   (2.82)%

Total provision for taxes

 $30   0.14%

(a) State taxes in California make up the majority of the tax effect in this category

 
         
  

Year Ended

 
  

March 31, 2025

 
     

Income taxes computed at Federal statutory rate

 $(4,316)

State tax — net of federal benefit

  (778)

Nondeductible expenses

  364 

Change in tax rates

  136 

Change in valuation allowance

  4,058 

Stock compensation

  374 

Other

  (23)

Total provision for income taxes

 $(185)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
  

Year Ended March 31,

 
  

2026

  

2025

 

Deferred tax assets:

        

Net operating loss carryforwards

 $42,160  $37,055 

Research and development

  1,105   1,519 

Accruals and reserves

  3,073   2,551 

Stock compensation

  3,246   3,448 

163 (j) interest expense carryforwards

  775   795 

Charitable contribution carryforward

  5   - 

Unrealized losses

  533   - 

Other

  9   13 

Gross deferred tax assets

  50,906   45,381 
         

Deferred tax liabilities:

        

Right of use asset

  (59)  (26)

Property and equipment

  (735)  68 

Intangible assets

  450   359 

Net deferred tax assets

  50,562   45,782 

Valuation allowance

  (50,623)  (45,842)

Net deferred tax liability

 $(61) $(60)