v3.26.1
COMMITMENTS AND CONTINGENCIES
3 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 15. COMMITMENTS AND CONTINGENCIES

 

Commitments

 

As of June 30, 2026, the Company had an unpaid balance of $5,501,361 related to the acquisition of intangible assets, which was recorded within accrued liabilities on the condensed consolidated balance sheet. See Notes 6 and 7.

 

In addition, the Company entered into a financial advisory agreement with Finuvia LLC covering the period from June 2026 through May 2028, with total contractual fees of $480,000. See Note 8.

 

Except for the commitment fee payable to Atsion (Note 11), the Company had no significant capital or other commitments as of June 30, 2026.

 

Contingencies

 

The Company is subject to legal proceedings and regulatory actions in the ordinary course of business. The results of such proceedings cannot be predicted with certainty, but the Company does not anticipate that the final outcome arising out of any such matters will have a material adverse effect on its financial position, cash flows or results of operations on an individual basis or in the aggregate. As of June 30, 2026 and March 31, 2026, the Company is not a party to any material legal or administrative proceedings.