v3.26.1
Business Segment Information (Tables)
12 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Summary of Disaggregated Expense

In addition to the significant expense categories included within Consolidated Net Loss presented in the Company’s Consolidated Statements of Operations and Other Comprehensive Loss, see below for disaggregated expense amounts for the years ended March 31, 2026 and 2025 (in thousands):

 

 

Year Ended

 

 

Year Ended

 

 

March 31, 2026

 

 

March 31, 2025

 

Revenue

 

 

 

 

 

    Royalty revenue

$

131

 

 

$

119

 

    Product revenue

 

 

 

 

25

 

Total revenue

 

131

 

 

 

144

 

Operating expenses

 

 

 

 

 

    Cost of revenues

 

 

 

 

5

 

    Research and development (a) (b)

 

3,934

 

 

 

4,712

 

    Selling, general, and administrative expenses (a)(b)

 

7,166

 

 

 

7,245

 

    Non-cash stock-based compensation (see Note 6)

 

303

 

 

 

532

 

    Depreciation and amortization (see Note 3)

 

215

 

 

 

266

 

Total operating expenses

$

11,618

 

 

$

12,760

 

Consolidated operating loss

$

(11,487

)

 

$

(12,616

)

 

(a) Stock-based compensation expense of $56,000 and $86,000 related to research and development and $247,000 and $446,000, related to selling, general, and administration have been excluded for the years ended March 31, 2026 and 2025, respectively.

(b) Depreciation and amortization expense of $199,000 and $227,000 related to research and development and $16,000 and $39,000 related to selling, general, and administration have been excluded for the years ended March 31, 2026 and 2025, respectively.