v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from operating activities    
Net loss $ (28,242) $ (18,824)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,778 2,381
Change in fair value of warrant liabilities 835
Depreciation and amortization 1,672 1,063
Shares issued for services 11 51
Other 1
Changes in assets and liabilities:    
Prepaid expenses and other assets (238) (100)
Lease right-of-use assets 402 370
Accounts payable and accrued expenses 453 (288)
Lease liabilities (423) (374)
Net cash used in operating activities (23,753) (15,720)
Cash flows from investing activities    
Purchases of property and equipment (3,932) (2,493)
Net cash used in investing activities (3,932) (2,493)
Cash flows from financing activities    
Proceeds from issuance of promissory note 250
Repayment of promissory note (250)
Proceeds from at-the-market sales of common stock, net 1,882 2,114
Proceeds from exercise of common stock warrants 5 1,251
Proceeds from offerings of common stock and warrants, net 15,673 7,344
Proceeds from private placement of common stock and warrants, net 11,367
Proceeds from warrant inducement offering, net 3,972
Net cash provided by financing activities 21,532 22,076
Net increase in cash and cash equivalents (6,153) 3,863
Cash and cash equivalents, at beginning of year 13,095 9,232
Cash and cash equivalents, at end of year 6,942 13,095
Supplemental disclosure:    
Initial recognition of warrant liabilities 2,030
Cash paid for:    
Income taxes 2 2
Interest $ 30