v3.26.3
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Pay vs Performance Disclosure    
Pay vs Performance Disclosure, Table

Pay Versus Performance

The following table provides information regarding the relationship between “compensation actually paid” (“CAP”) to our principal executive officer (“PEO”) and non-PEO named executive officers (“NEOs”) and certain financial performance of the Company for the fiscal years listed below.

Fiscal Year

 

Summary
compensation
table
total for
PEO
(1)
($)

 

Compensation
actually
paid to
PEO
(2)
($)

 

Average
summary
compensation
table total
for non-PEO
NEOs
(3)
($)

 

Average
compensation
actually
paid to
non-PEO
NEOs
(4)
($)

 

Value of
initial
fixed $100
investment
based
on total
shareholder
return
(“TSR”)
(5)
($)

 

Net loss
($)

2026

 

46,999

 

17,055

 

519,295

 

542,365

 

(90.49

)

 

(28,241,433

)

2025

 

—

 

—

 

488,359

 

502,206

 

(52.71

)

 

(18,824,126

)

____________

(1)      Represents the amounts of total compensation reported for our PEO during each corresponding year in the “Total” column of the Summary Compensation Table above. Mr. Besser is paid de minimis annual compensation of $1.00.

(2)      Represents the amount of “compensation actually paid” to our PEO as computed in accordance with Item 402(v) of Regulation S-K, with the following adjustments:

Fiscal Year

 

Summary
compensation
table
total for
PEO
($)

 

Reported
value of
equity
awards
for PEO
($)

 

Fair value
as of year-
end for
awards
granted
during
the year
($)

 

Fair value
year-
over-year
increase or
decrease in
unvested
awards
granted in
prior years
($)

 

Fair
value of
awards
granted
and vested
during the
year
($)

 

Fair value
increase or
decrease
from prior
year end
for awards
that vested
during the
year
($)

 

Compensation
actually
paid to
PEO
($)

2026

 

46,999

 

(46,999

)

 

17,189

 

—

 

(134

)

 

—

 

17,055

2025

 

—

 

—

 

 

—

 

—

 

—

 

 

—

 

—

(3)      Represents the average of the amounts reported for our NEOs as a group (excluding our PEO) in each applicable year in the “Total” column of the Summary Compensation Table above. For fiscal years 2025 and 2026, our NEOs included Paul DiPerna and Kevin Schmid (the “Non-PEO NEOs”).

(4)      Represents the average amount of “compensation actually paid” to the Non-PEO NEOs, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average compensation earned or paid to the Non-PEO NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the Non-PEO NEOs for each year:

Fiscal Year

 

Average
summary
compensation
table total
for Non-PEO
NEOs
($)

 

Reported
value of
equity
awards
for NEOs
($)

 

Fair value
as of year-
end for
awards
granted
during
the year
($)

 

Fair value
year-
over-year
increase or
decrease in
unvested
awards
granted in
prior years
($)

 

Fair
value of
awards
granted
and vested
during the
year
($)

 

Fair value
increase or
decrease
from prior
year end
for awards
that vested
during the
year
($)

 

Average
compensation
actually paid
to Non-PEO
NEOs
($)

2026

 

519,295

 

(189,295

)

 

176,186

 

451

 

34,371

 

1,357

 

542,365

2025

 

488,359

 

(158,359

)

 

105,040

 

10,801

 

45,887

 

10,477

 

502,206

(5)      TSR is cumulative for the measurement periods beginning on March 31, 2024 and ending on March 31 of each of 2025 and 2026, respectively, calculated by dividing the difference between our share price at the end and the beginning of the measurement period by our share price at the beginning of the measurement period. No dividends were paid in fiscal 2025 or 2026.

(6)      The dollar amounts reported represent the amount of net loss reflected in our consolidated audited financial statements for the applicable years.

 
PEO Total Compensation Amount [1] $ 46,999
PEO Actually Paid Compensation Amount [2] 17,055
Non-PEO NEO Average Total Compensation Amount [3] 519,295 488,359
Non-PEO NEO Average Compensation Actually Paid Amount [4] $ 542,365 502,206
Compensation Actually Paid vs. Total Shareholder Return

 
Compensation Actually Paid vs. Net Income

 
Total Shareholder Return Amount [5] $ (90.49) (52.71)
Net Income (Loss) (28,241,433) (18,824,126)
PEO | Summary compensation table total for PEO [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 46,999
PEO | Reported value of equity awards for PEO [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (46,999)
PEO | Fair value as of year- end for awards granted during the year [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 17,189
PEO | Fair value year- over-year increase or decrease in unvested awards granted in prior years [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount
PEO | Fair value of awards granted and vested during the year [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (134)
PEO | Fair value increase or decrease from prior year end for awards that vested during the year [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount
PEO | Compensation actually paid to PEO [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 17,055
Non-PEO NEO | Fair value as of year- end for awards granted during the year [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 176,186 105,040
Non-PEO NEO | Fair value year- over-year increase or decrease in unvested awards granted in prior years [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 451 10,801
Non-PEO NEO | Fair value of awards granted and vested during the year [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 34,371 45,887
Non-PEO NEO | Fair value increase or decrease from prior year end for awards that vested during the year [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 1,357 10,477
Non-PEO NEO | Average summary compensation table total for Non-PEO NEOs [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 519,295 488,359
Non-PEO NEO | Reported value of equity awards for NEOs [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (189,295) (158,359)
Non-PEO NEO | Average compensation actually paid to Non-PEO NEOs [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount $ 542,365 $ 502,206
[1] Represents the amounts of total compensation reported for our PEO during each corresponding year in the “Total” column of the Summary Compensation Table above. Mr. Besser is paid de minimis annual compensation of $1.00.
[2] Represents the amount of “compensation actually paid” to our PEO as computed in accordance with Item 402(v) of Regulation S-K, with the following adjustments:

Fiscal Year

 

Summary
compensation
table
total for
PEO
($)

 

Reported
value of
equity
awards
for PEO
($)

 

Fair value
as of year-
end for
awards
granted
during
the year
($)

 

Fair value
year-
over-year
increase or
decrease in
unvested
awards
granted in
prior years
($)

 

Fair
value of
awards
granted
and vested
during the
year
($)

 

Fair value
increase or
decrease
from prior
year end
for awards
that vested
during the
year
($)

 

Compensation
actually
paid to
PEO
($)

2026

 

46,999

 

(46,999

)

 

17,189

 

—

 

(134

)

 

—

 

17,055

2025

 

—

 

—

 

 

—

 

—

 

—

 

 

—

 

—

[3] Represents the average of the amounts reported for our NEOs as a group (excluding our PEO) in each applicable year in the “Total” column of the Summary Compensation Table above. For fiscal years 2025 and 2026, our NEOs included Paul DiPerna and Kevin Schmid (the “Non-PEO NEOs”).
[4] Represents the average amount of “compensation actually paid” to the Non-PEO NEOs, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average compensation earned or paid to the Non-PEO NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the Non-PEO NEOs for each year:

Fiscal Year

 

Average
summary
compensation
table total
for Non-PEO
NEOs
($)

 

Reported
value of
equity
awards
for NEOs
($)

 

Fair value
as of year-
end for
awards
granted
during
the year
($)

 

Fair value
year-
over-year
increase or
decrease in
unvested
awards
granted in
prior years
($)

 

Fair
value of
awards
granted
and vested
during the
year
($)

 

Fair value
increase or
decrease
from prior
year end
for awards
that vested
during the
year
($)

 

Average
compensation
actually paid
to Non-PEO
NEOs
($)

2026

 

519,295

 

(189,295

)

 

176,186

 

451

 

34,371

 

1,357

 

542,365

2025

 

488,359

 

(158,359

)

 

105,040

 

10,801

 

45,887

 

10,477

 

502,206

[5] TSR is cumulative for the measurement periods beginning on March 31, 2024 and ending on March 31 of each of 2025 and 2026, respectively, calculated by dividing the difference between our share price at the end and the beginning of the measurement period by our share price at the beginning of the measurement period. No dividends were paid in fiscal 2025 or 2026.