v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:      
Net loss for the period $ (38,627) $ (6,778) $ (75,382)
Adjustments for non-cash items:      
Share-based compensation expense 1,745 321 2,637
Change in fair value of deferred purchase price payable - Tarus and deferred obligation - iOx milestone (11,305)
Loss on Registered Direct Offering 2,432
Offering costs 662
Impairment loss 4,800    
Commitment fee under Committed Purchase Agreement 839
Gain on dissolution of investment in associate (27)
Gain from sale of investment in public company (725)
Decrease in deferred tax liability (10,564)
Unrealized loss on change in fair value of digital assets 1,411
Unrealized loss on change in fair value of digital asset receivables 2,349
Realized loss on sale of digital assets 1,700
Realized loss on novation of digital asset receivables 676    
Loss on impairment - investment in Compedica 4,804
Loss on remeasurement of investment in Compedica 182
Change in fair value of warrant liability (2,883) 388 (6,868)
Change in fair value of put rights, net of redemptions 5,959
Loss from equity method investment 44
Change in fair value of TON payable to settle put rights exercised (51)
Gain on settlement of TON payable (336)
Loss on exercise of put right liability 916
Loss on extinguishment of debt 582    
Noncash interest expense 171
Gain on settlement with Parexel - iOx CRO (946)
Expenses settled using stablecoin 1,413
Revenues received in TON tokens (69)
Share of loss in associate 233
Fair value of shares issued for services 50
Depreciation and amortization 193 35 54
Changes in operating working capital:      
Accounts receivable (21)
Prepaid expenses and other receivables (96) 1,574 (32)
Other assets (3,322) 46 40
Accounts payable and accrued liabilities 3,549 (99) 972
Other current liabilities (3) 2
Net cash used in operating activities (20,548) (5,462) (14,297)
Cash flows from investing activities:      
Proceeds from sale of investment in public company 2,812
Purchases of stablecoin (311)
Purchases of digital assets (609)
Sales of stablecoin 2,100
Sales of digital assets 2,900
Purchases of fixed assets (1,040)
Equipment deposits (9,308)
Cash paid for investment in Compedica (50)
Net cash (used in) provided by investing activities (6,318) 2,812
Cash flows from financing activities:      
Proceeds from exercise of Pre-Funded Warrants 1
Proceeds from shares issued under private placement 3,272 2,150
Proceeds from Registered Direct Offering 15,000 5,338
Proceeds from shares issued under ATM and Committed Purchase Agreement 12,631 682
Share issuance costs (3,615) (20)
Put right issuance costs
Repayment of lease liability (381) (47) (40)
Payments on external debt (275)
Deferred financing costs (250)
Loan termination fee (500)
Shares from RSU distribution 8
Net cash provided by financing activities 25,882 2,104 5,968
Decrease in cash, cash equivalents, restricted during period (984) (3,358) (5,517)
Cash and cash equivalents at beginning of period 1,670 5,028 10,545
Cash, cash equivalents, and restricted cash at end of period 686 1,670 5,028
Supplemental disclosure of cash flow information:      
Cash paid for interest 54 3 30
Supplemental disclosure of non-cash investing and financing activities:      
Exchange of Stimunity Convertible Note for Stimunity shares at fair value 429
Capital expenditures included in accounts payable 333
Right-of-use asset acquired 516 87
Lease liability incurred 516 87
Contribution of digital assets 1,802
Contribution of stablecoin 5,421
Contribution of digital assets receivable 9,016
Contribution of stablecoin receivable 15,000
Value of shares used to purchase interest in Compedica 5,000
Treasury stock obtained in exchange for return of investment interest to Compedica 20
Put rights issued to investors 18,150
Share issuance costs settled in Company stock 1,087
Share issuance costs settled in warrants on the Company's stock 1,123
Settlement of put right liability using stablecoin receivable 15,000
Exercise of put rights 2,920
Settlement of put right liability using digital asset receivables 1,130
Receipt of digital assets receivable, TON tokens 6,667
Stablecoin used to purchase digital assets 3,008
Sale of digital assets settled in stablecoin 21
Exchange of Bitcoin for TON tokens 425
External debt proceeds received in stablecoin 2,100
Payments on external debt using digital assets 1,825
Non-cash operating activities:      
Prepaid expenses obtained in exchange for stablecoin 1,311
iOx IPR&D [Member]      
Adjustments for non-cash items:      
Impairment loss 57,890
Tarus IPR&D [Member]      
Adjustments for non-cash items:      
Impairment loss 23,615
Stimunity [Member]      
Adjustments for non-cash items:      
Impairment loss 1,002
Saugatuck [Member]      
Adjustments for non-cash items:      
Impairment loss $ 178