RELATED PARTY TRANSACTIONS (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
| Notes and other explanatory information [abstract] |
|
| Schedule of compensation payable |
| Schedule of compensation payable |
|
|
|
|
|
|
|
|
|
|
|
|
| Years ended March 31, |
|
2026 |
|
2025 |
|
2024 |
| Short-term employee benefits (salary, bonus, etc.) |
|
|
4,052 |
|
|
|
13,787 |
|
|
|
2,127 |
|
| Post-employment benefits |
|
|
|
|
|
|
|
|
|
|
|
|
| Other long-term benefits |
|
|
|
|
|
|
|
|
|
|
|
|
| Termination benefits |
|
|
152 |
|
|
|
|
|
|
|
49 |
|
| Share-based payment compensation |
|
|
1,600 |
|
|
|
590 |
|
|
|
|
|
| Total |
|
|
5,804 |
|
|
|
1,968 |
|
|
|
2,176 |
|
|
| Schedule of Compensation |
| Schedule of Compensation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Name & Principal Position |
|
Year |
|
Fee and
Salary(1) |
|
Bonus |
|
Transaction
Closing Bonus(3) |
|
Securities Under
Options Granted |
|
Shares
or Units(16) |
|
Other(3) |
|
Total
Compensation |
| |
|
|
|
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
| Michael Terpin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2026 |
|
|
|
61,250 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
61,250 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| F. Daniel Siciliano |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2026 |
|
|
|
17,500 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
17,500 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gregory H. Bailey, M.D.(6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2026 |
|
|
|
30,000 |
|
|
|
25,000 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
55,000 |
|
| |
|
|
2025 |
|
|
|
30,000 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
30,000 |
|
| |
|
|
2024 |
|
|
|
49,500 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
49,500 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| James Mellon(6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2026 |
|
|
|
30,000 |
|
|
|
25,000 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
55,000 |
|
| |
|
|
2025 |
|
|
|
30,000 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
30,000 |
|
| |
|
|
2024 |
|
|
|
35,242 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
35,242 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Steven Mintz(8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2026 |
|
|
|
77,500 |
|
|
|
25,000 |
|
|
|
- |
|
|
|
54,796 |
|
|
|
- |
|
|
|
- |
|
|
|
157,296 |
|
| |
|
|
2025 |
|
|
|
30,000 |
|
|
|
- |
|
|
|
- |
|
|
|
113,158 |
(5) |
|
|
- |
|
|
|
- |
|
|
|
143,158 |
|
| |
|
|
2024 |
|
|
|
45,750 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
45,750 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Jean-Christophe Renondin, M.D.(7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2026 |
|
|
|
30,000 |
|
|
|
25,000 |
|
|
|
- |
|
|
|
54,796 |
|
|
|
- |
|
|
|
- |
|
|
|
109,796 |
|
| |
|
|
2025 |
|
|
|
30,000 |
|
|
|
- |
|
|
|
- |
|
|
|
96,992 |
(5) |
|
|
- |
|
|
|
- |
|
|
|
126,992 |
|
| |
|
|
2024 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Justin Stebbing, M.D. PhD(7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2026 |
|
|
|
30,000 |
|
|
|
25,000 |
|
|
|
- |
|
|
|
64,760 |
|
|
|
- |
|
|
|
- |
|
|
|
119,760 |
|
| |
|
|
2025 |
|
|
|
30,000 |
|
|
|
- |
|
|
|
- |
|
|
|
121,240 |
(5) |
|
|
- |
|
|
|
- |
|
|
|
151,240 |
|
| |
|
|
2024 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Linda Kozick(9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2026 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
2025 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
2024 |
|
|
|
42,000 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
42,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mark Simon(9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2026 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
2025 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
2024 |
|
|
|
55,500 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
55,500 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Robert Glassman(9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2026 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
2025 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
2024 |
|
|
|
45,258 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
45,258 |
|
|
| Schedule of outstanding equity awards |
| Schedule of outstanding equity awards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
Option
Awards |
|
Stock
Awards(6) |
| |
|
|
|
Number of |
|
|
|
|
|
Number of Shares or |
|
Market Value of Shares or |
| |
|
|
|
Securities Underlying |
|
Option |
|
Option |
|
Units of Stock |
|
Units of Stock |
| |
|
|
|
Unexercised
Options |
|
Exercise |
|
Expiration |
|
That Have |
|
That Have |
| Name |
|
Grant Date |
|
Exercisable(1) |
|
Unexercisable |
|
Price |
|
Date |
|
Not Vested |
|
Not Vested |
| Alexander Pickett(2) |
|
3/7/2025 |
|
|
36,000 |
|
|
|
- |
|
|
|
4.45 |
|
|
|
3/7/2035 |
|
|
|
- |
|
|
|
- |
|
| |
|
7/27/2025 |
|
|
45,937 |
|
|
|
- |
|
|
|
5.73 |
|
|
|
7/27/2035 |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ian B. Walters(3) |
|
3/30/2023 |
|
|
15,085 |
|
|
|
- |
|
|
|
58.40 |
|
|
|
12/14/2026 |
|
|
|
- |
|
|
|
- |
|
| |
|
1/19/2022 |
|
|
6,285 |
|
|
|
- |
|
|
|
204.40 |
|
|
|
12/14/2026 |
|
|
|
- |
|
|
|
- |
|
| |
|
1/13/2021 |
|
|
7,550 |
|
|
|
- |
|
|
|
355.00 |
|
|
|
12/14/2026 |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Andrea E. Park(4) |
|
3/7/2025 |
|
|
28,000 |
|
|
|
- |
|
|
|
4.45 |
|
|
|
3/7/2035 |
|
|
|
- |
|
|
|
- |
|
| |
|
7/27/2025 |
|
|
7,820 |
|
|
|
- |
|
|
|
5.73 |
|
|
|
7/27/2035 |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allan Shaw(5) |
|
3/30/2023 |
|
|
1,761 |
|
|
|
- |
|
|
|
58.40 |
|
|
|
9/30/2026 |
|
|
|
- |
|
|
|
- |
|
| |
|
1/19/2022 |
|
|
840 |
|
|
|
- |
|
|
|
204.40 |
|
|
|
9/30/2026 |
|
|
|
- |
|
|
|
- |
|
| |
|
1/13/2021 |
|
|
6,550 |
|
|
|
- |
|
|
|
355.00 |
|
|
|
9/30/2026 |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Robert Kramer(6) |
|
3/30/2023 |
|
|
2,771 |
|
|
|
- |
|
|
|
58.40 |
|
|
|
3/30/2033 |
|
|
|
- |
|
|
|
- |
|
| |
|
1/19/2022 |
|
|
1,255 |
|
|
|
- |
|
|
|
204.40 |
|
|
|
1/19/2032 |
|
|
|
- |
|
|
|
- |
|
| |
|
1/13/2021 |
|
|
3,050 |
|
|
|
- |
|
|
|
355.00 |
|
|
|
1/13/2031 |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Brian Wiley(7) |
|
3/30/2023 |
|
|
2,386 |
|
|
|
- |
|
|
|
58.40 |
|
|
|
11/15/2026 |
|
|
|
- |
|
|
|
- |
|
| |
|
1/19/2022 |
|
|
3,000 |
|
|
|
- |
|
|
|
204.40 |
|
|
|
11/15/2026 |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Brittany Kaiser(8) |
|
3/11/2026 |
|
|
545,315 |
|
|
|
- |
|
|
|
1.30 |
|
|
|
5/14/2036 |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Enzo Villani(8) |
|
3/11/2026 |
|
|
545,315 |
|
|
|
- |
|
|
|
1.30 |
|
|
|
5/14/2036 |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Yury Mitin(8) |
|
3/11/2026 |
|
|
545,315 |
|
|
|
- |
|
|
|
1.30 |
|
|
|
5/14/2036 |
|
|
|
- |
|
|
|
- |
|
Notes
|
(1) |
Except as set forth below, vesting of all options is subject to continued service as an employee, director and/or consultant of Alpha
Compute or a subsidiary on the applicable vesting date. One fourth of the options vested or will vest on the first anniversary of the
date of grant, and the remaining balance of the options vested or will vest in 36 equal monthly installments thereafter. |
|
(2) |
On December 15, 2024, Mr. Pickett was appointed as a director of the Company and our Chief Executive Officer under a consultancy agreement
and served in such capacities through December 19, 2025, his resignation date. These options were awarded to Mr. Pickett for his services
as a director. One fourth of the options vested immediately on grant date, and the remaining vest in three equal annual installments thereafter. |
|
(3) |
Dr. Walters served as our Chief Executive Officer and a director of the Company through December 14, 2024. Pursuant to the terms of his
employment agreement, all unvested share options immediately vested on such date. Pursuant to the terms of his share option agreements,
the vested share options are exercisable for two years from this date. |
|
(4) |
On September 30, 2024, Ms. Park was appointed as our Chief Financial Officer and departed the Company in October 2025. One fourth of the
options vested immediately on the grant date, and the remaining vest in three equal annual installments thereafter. |
|
(5) |
Mr. Shaw served as our Chief Financial Officer through September 30, 2024. Pursuant to the terms of his share option agreements, the vested
share options are exercisable for two years from such date. |
|
(6) |
The above table excludes 4,550 RSUs to Mr. Kramer granted on January 13, 2021, with a grant date value of $1,615,250, which vested on
the grant date but are subject to certain restrictions and 860 RSUs granted on January 19, 2022 with a grant date value of $175,784, which
vested on the grant date. |
|
(7) |
Mr. Wiley served as our Chief Business Officer through November 15, 2024. Pursuant to the terms of his employment agreement, all unvested
shares immediately vested on such date. Pursuant to the terms of his share option agreement, the vested share options are exercisable
for two years from such date. |
|
(8) |
On March 11, 2026, the Board authorized the grant of 545,315 share options each to Ms. Kaiser, Mr. Mitin, and Mr. Villani, which were
owed pursuant to their contractor agreements upon the Company raising at least $50 million in equity financing via either private or public
share offerings. These share options were formally granted on May 14, 2026. |
|