Changes in Shareholders’ Equity for the three and six months ended September 30, 2026 are summarized below (in thousands):


	Common Stock			Additional Paid-In Capital		Retained Earnings
	Share	Amounts

Beginning balance at March 31, 2026:	21,386	$	21	$	19,647	$	9,263
Net share settlement of restricted stock units	297	1		(5)		—
Share-based compensation expense	—	—		198		—

Net loss	—	—		—		(6,145)
Ending balance at June 30, 2026:	21,683	$	22	$	19,840	$	3,118
Net share settlement of restricted stock units	449	—		(19)		—
Share-based compensation expense	—	—		326		—

Net loss	—	—		—		(6,434)
Ending balance at September 30, 2026:	22,132	$	22	$	20,147	$	(3,316)

Changes in Shareholders’ Equity for the three and six months ended September 30, 2025 are summarized below (in thousands):


	Common Stock			Additional Paid-In Capital		Retained Earnings
	Share	Amounts

Beginning balance at March 31, 2025:	20,657	$	21	$	18,560	$	66,544
Net share settlement of restricted stock units	178	—		(28)		—
Share-based compensation expense	—	—		591		—
Dividends forfeited	—	—		—		1
Net loss	—	—		—		(34,152)
Ending balance at June 30, 2025:	20,835	$	21	$	19,123	$	32,393
Net share settlement of restricted stock units	180	—		$	(209)	—
Share-based compensation expense	—	—		247		—

Net loss	—	—		—		(8,520)
Ending balance at September 30, 2025:	21,016	$	21	$	19,161	$	23,873