Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
CURRENT ASSETS
Cash and cash equivalents	$ 6,942	$ 13,095
Prepaid expenses and other	600	422
TOTAL CURRENT ASSETS	7,542	13,517
Property and equipment, net	6,866	4,453
Right of use assets, net	363	765
Other Assets, Noncurrent	61
TOTAL ASSETS	14,832	18,735
CURRENT LIABILITIES
Accounts payable	992	338
Accrued expenses	488	504
Short-term lease liabilities	393	423
TOTAL CURRENT LIABILITIES	1,873	1,265
Long-term lease liabilities		393
TOTAL LIABILITIES	1,873	1,658
Commitments and Contingencies (Note 8)
STOCKHOLDERS’ EQUITY
Preferred Stock, $0.001 par value, 5,000 shares authorized, none issued and outstanding
Common Stock, $0.001 par value, 250,000 and 100,000 shares authorized as of March 31, 2026 and 2025, respectively; 4,661 and 1,790 shares issued and outstanding as of March 31, 2026 and 2025, respectively	5	2
Additional paid-in capital	125,949	101,828
Accumulated deficit	(112,995)	(84,753)
TOTAL STOCKHOLDERS’ EQUITY	12,959	17,077
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 14,832	$ 18,735

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).