Commitments and contingencies (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
| Commitments and Contingencies Disclosure [Abstract] |
|
| Schedule of variable lease components |
The table below presents the lease-related costs which are included in the consolidated statements of operations for the years ended as of March 31, 2026 and 2025: | | | | | | | | | | | | | Year ended March 31, | | 2026 | | 2025 | | Lease cost | | | | | Finance lease costs: | | | | | Amortization of right-of-use asset | $ | 2,428 | | | $ | 2,428 | | | Interest on lease liabilities | 2,063 | | | 2,118 | | | Operating lease costs | 1,156 | | | 1,129 | | | Total lease cost | $ | 5,647 | | | $ | 5,675 | |
The following table summarizes the classification of lease costs in the consolidated statement of operations for the years ended March 31, 2026 and 2025 as follows: | | | | | | | | | | | | | Year ended March 31, | | 2026 | | 2025 | | Finance Lease Costs | | | | | Research and development | $ | 2,428 | | | $ | 2,428 | | | Other expense | 2,063 | | | 2,118 | | | Operating Lease Costs | | | | | Research and development | 887 | | | 877 | | | Selling, general and administrative | 269 | | | 252 | | | Total lease cost | $ | 5,647 | | | $ | 5,675 | |
The following table provides lease disclosure as of and for the years ended March 31, 2026 and 2025: | | | | | | | | | | | | | March 31, 2026 | | March 31, 2025 | Cash paid for amounts included in the measurement of lease liabilities: | | | | | Operating cash flows from operating leases | $ | 1,203 | | | $ | 1,167 | | | Operating cash flows from finance leases | $ | 2,063 | | | $ | 2,118 | | | Financing cash flows from finance leases | $ | 736 | | | $ | 599 | | | Weighted-average remaining lease term – operating leases | 3.8 years | | 4.7 years | | Weighted-average remaining lease term – finance leases | 13.3 years | | 14.3 years | | Weighted-average discount rate – operating leases | 10.4 | % | | 10.4 | % | | Weighted-average discount rate – finance leases | 8.3 | % | | 8.3 | % |
|
| Summary of the maturity of company's lease liabilities |
The following table summarizes the maturity of the Company’s lease liabilities on an undiscounted cash flow basis and a reconciliation to the operating and finance lease liabilities recognized on our balance sheet as of March 31, 2026: | | | | | | | | | | | | | | | | | | | March 31, 2026 | | Operating leases | | Finance lease | | Total | | 2027 | $ | 1,160 | | | $ | 2,883 | | | $ | 4,043 | | | 2028 | 1,106 | | | 2,969 | | | 4,075 | | | 2029 | 1,021 | | | 3,058 | | | 4,079 | | | 2030 | 587 | | | 3,096 | | | 3,683 | | | 2031 | 369 | | | 3,096 | | | 3,465 | | | Thereafter | — | | | 25,803 | | | 25,803 | | | Total lease payments | 4,243 | | | 40,905 | | | 45,148 | | | Less: interest | 757 | | | 16,113 | | | 16,870 | | | Total lease liabilities | $ | 3,486 | | | $ | 24,792 | | | $ | 28,278 | |
|
| Schedule of additional information related to leases |
The following table provides lease disclosure as of and for the years ended March 31, 2026 and 2025: | | | | | | | | | | | | | March 31, 2026 | | March 31, 2025 | Cash paid for amounts included in the measurement of lease liabilities: | | | | | Operating cash flows from operating leases | $ | 1,203 | | | $ | 1,167 | | | Operating cash flows from finance leases | $ | 2,063 | | | $ | 2,118 | | | Financing cash flows from finance leases | $ | 736 | | | $ | 599 | | | Weighted-average remaining lease term – operating leases | 3.8 years | | 4.7 years | | Weighted-average remaining lease term – finance leases | 13.3 years | | 14.3 years | | Weighted-average discount rate – operating leases | 10.4 | % | | 10.4 | % | | Weighted-average discount rate – finance leases | 8.3 | % | | 8.3 | % |
|