v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Mar. 31, 2026
Cash flows from operating activities      
Net loss $ (8,154) $ (8,078)  
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation 746 754  
Amortization of licensed right to use technology 51 51  
Stock-based compensation 1,036 1,577  
Amortization of debt discount and accretion of debt issuance costs 431 54  
Change in fair value of warrant liability (1) (17)  
Amortization of operating lease assets 123 121  
Paid in kind interest 484 389  
Provision for inventory losses 22 104  
Provision for bad debt 91  
Foreign currency adjustments 3 (128)  
Loss on extinguishment of debt 153  
Loss on disposal of fixed assets 52 11  
Unrealized (gain)/loss on marketable securities 2 (9)  
Changes in:      
Inventory 196 188  
Accounts receivable (145) (94)  
Other current assets and prepaid expenses (196) 617  
Accounts payable (321) (708)  
Accrued expenses 625 691  
Operating lease liabilities (144) (49)  
Net cash used in operating activities (4,946) (4,526)  
Cash flows from investing activities      
Purchase of marketable securities (40) (3)  
Proceeds from sale of marketable securities 637 777  
Security deposits from leases 72  
Purchase of property and equipment (208) (198)  
Net cash provided by investing activities 461 576  
Cash flows from financing activities      
Proceeds from issuance of common stock through at the market offerings 2,441  
Proceeds from NeuroNos investment 3,228  
Proceeds from long term loan 2,000  
Payment of loans (170) (375)  
Net cash provided by financing activities 3,058 4,066  
Effect of exchange rate changes on cash and cash equivalents (21) 127  
Increase/(decrease) in cash, cash equivalents and restricted cash (1,448) 243  
Cash, cash equivalents and restricted cash at beginning of period 12,362 4,896 $ 4,896
Cash, cash equivalents and restricted cash at end of period 10,914 5,139 $ 12,362
Supplemental disclosure of non-cash investing and financing activities      
Conversion of debt principal balance to equity 500  
Fixed assets included in accounts payable and accrued expenses 361  
Supplemental disclosure of cash flow items:      
Interest paid 116 96  
Income taxes paid