0001444192 2026-04-01 2026-09-30 0001444192 2026-11-11 0001444192 2026-09-30 0001444192 2026-03-31 0001444192 2026-07-01 2026-09-30 0001444192 2025-07-01 2025-09-30 0001444192 2025-04-01 2025-09-30 0001444192 us-gaap:CommonStockMember 2026-03-31 0001444192 us-gaap:AdditionalPaidInCapitalMember 2026-03-31 0001444192 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-03-31 0001444192 us-gaap:RetainedEarningsMember 2026-03-31 0001444192 us-gaap:CommonStockMember 2026-04-01 2026-06-30 0001444192 us-gaap:AdditionalPaidInCapitalMember 2026-04-01 2026-06-30 0001444192 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-04-01 2026-06-30 0001444192 us-gaap:RetainedEarningsMember 2026-04-01 2026-06-30 0001444192 2026-04-01 2026-06-30 0001444192 us-gaap:CommonStockMember 2026-06-30 0001444192 us-gaap:AdditionalPaidInCapitalMember 2026-06-30 0001444192 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-06-30 0001444192 us-gaap:RetainedEarningsMember 2026-06-30 0001444192 2026-06-30 0001444192 us-gaap:CommonStockMember 2026-07-01 2026-09-30 0001444192 us-gaap:AdditionalPaidInCapitalMember 2026-07-01 2026-09-30 0001444192 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-07-01 2026-09-30 0001444192 us-gaap:RetainedEarningsMember 2026-07-01 2026-09-30 0001444192 us-gaap:CommonStockMember 2026-09-30 0001444192 us-gaap:AdditionalPaidInCapitalMember 2026-09-30 0001444192 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-09-30 0001444192 us-gaap:RetainedEarningsMember 2026-09-30 0001444192 us-gaap:CommonStockMember 2025-03-31 0001444192 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001444192 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001444192 us-gaap:RetainedEarningsMember 2025-03-31 0001444192 2025-03-31 0001444192 us-gaap:CommonStockMember 2025-04-01 2025-06-30 0001444192 us-gaap:AdditionalPaidInCapitalMember 2025-04-01 2025-06-30 0001444192 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-04-01 2025-06-30 0001444192 us-gaap:RetainedEarningsMember 2025-04-01 2025-06-30 0001444192 2025-04-01 2025-06-30 0001444192 us-gaap:CommonStockMember 2025-06-30 0001444192 us-gaap:AdditionalPaidInCapitalMember 2025-06-30 0001444192 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-06-30 0001444192 us-gaap:RetainedEarningsMember 2025-06-30 0001444192 2025-06-30 0001444192 us-gaap:CommonStockMember 2025-07-01 2025-09-30 0001444192 us-gaap:AdditionalPaidInCapitalMember 2025-07-01 2025-09-30 0001444192 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-07-01 2025-09-30 0001444192 us-gaap:RetainedEarningsMember 2025-07-01 2025-09-30 0001444192 us-gaap:CommonStockMember 2025-09-30 0001444192 us-gaap:AdditionalPaidInCapitalMember 2025-09-30 0001444192 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-09-30 0001444192 us-gaap:RetainedEarningsMember 2025-09-30 0001444192 2025-09-30 0001444192 grce:PrivatePlacement2026Member 2026-08-31 0001444192 grce:PrivatePlacement2026Member 2026-08-01 2026-08-31 0001444192 grce:TreasuryBillsAndTermDepositsMember us-gaap:FairValueMeasurementsRecurringMember 2026-09-30 0001444192 grce:TreasuryBillsAndTermDepositsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2026-09-30 0001444192 grce:TreasuryBillsAndTermDepositsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2026-09-30 0001444192 grce:TreasuryBillsAndTermDepositsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2026-09-30 0001444192 us-gaap:FairValueMeasurementsRecurringMember 2026-09-30 0001444192 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2026-09-30 0001444192 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2026-09-30 0001444192 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2026-09-30 0001444192 grce:TreasuryBillsAndTermDepositsMember us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0001444192 grce:TreasuryBillsAndTermDepositsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0001444192 grce:TreasuryBillsAndTermDepositsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0001444192 grce:TreasuryBillsAndTermDepositsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0001444192 us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0001444192 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0001444192 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0001444192 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0001444192 grce:Gtx104Member 2026-04-01 2026-09-30 0001444192 grce:Gtx104Member 2026-03-31 0001444192 grce:Gtx102Member 2026-03-31 0001444192 grce:Gtx101Member 2026-03-31 0001444192 us-gaap:InProcessResearchAndDevelopmentMember 2026-03-31 0001444192 grce:Gtx104Member 2026-04-01 2026-09-30 0001444192 grce:Gtx102Member 2026-04-01 2026-09-30 0001444192 grce:Gtx101Member 2026-04-01 2026-09-30 0001444192 us-gaap:InProcessResearchAndDevelopmentMember 2026-04-01 2026-09-30 0001444192 grce:Gtx104Member 2026-09-30 0001444192 grce:Gtx102Member 2026-09-30 0001444192 grce:Gtx101Member 2026-09-30 0001444192 us-gaap:InProcessResearchAndDevelopmentMember 2026-09-30 0001444192 us-gaap:CommonStockMember 2026-08-01 2026-08-31 0001444192 us-gaap:CommonStockMember 2026-08-31 0001444192 grce:PrefundedWarrants2025Member 2026-07-01 2026-09-30 0001444192 grce:PrefundedWarrants2025Member 2026-04-01 2026-09-30 0001444192 us-gaap:CommonStockMember 2026-04-01 2026-09-30 0001444192 grce:PreFundedWarrantsMember 2026-07-01 2026-09-30 0001444192 grce:PrefundedWarrants2023Member 2026-04-01 2026-09-30 0001444192 grce:PrefundedWarrants2023Member 2026-09-30 0001444192 grce:CommonWarrants2025Member 2026-09-30 0001444192 grce:PrefundedWarrants2025Member 2026-09-30 0001444192 grce:CommonWarrants2025Member 2026-04-01 2026-09-30 0001444192 grce:EquityIncentivePlanMember 2026-09-30 0001444192 grce:StockOptionPlanMember 2026-04-01 2026-09-30 0001444192 grce:EquityIncentivePlan2024Member 2026-03-31 0001444192 grce:EquityIncentivePlan2024Member 2026-04-01 2026-09-30 0001444192 grce:EquityIncentivePlan2024Member 2026-09-30 0001444192 grce:EquityIncentivePlanMember us-gaap:ResearchAndDevelopmentExpense 2026-07-01 2026-09-30 0001444192 grce:EquityIncentivePlanMember us-gaap:ResearchAndDevelopmentExpense 2025-07-01 2025-09-30 0001444192 grce:EquityIncentivePlanMember us-gaap:ResearchAndDevelopmentExpense 2026-04-01 2026-09-30 0001444192 grce:EquityIncentivePlanMember us-gaap:ResearchAndDevelopmentExpense 2025-04-01 2025-09-30 0001444192 grce:EquityIncentivePlanMember us-gaap:GeneralAndAdministrativeExpense 2026-07-01 2026-09-30 0001444192 grce:EquityIncentivePlanMember us-gaap:GeneralAndAdministrativeExpense 2025-07-01 2025-09-30 0001444192 grce:EquityIncentivePlanMember us-gaap:GeneralAndAdministrativeExpense 2026-04-01 2026-09-30 0001444192 grce:EquityIncentivePlanMember us-gaap:GeneralAndAdministrativeExpense 2025-04-01 2025-09-30 0001444192 grce:EquityIncentivePlanMember 2026-07-01 2026-09-30 0001444192 grce:EquityIncentivePlanMember 2025-07-01 2025-09-30 0001444192 grce:EquityIncentivePlanMember 2026-04-01 2026-09-30 0001444192 grce:EquityIncentivePlanMember 2025-04-01 2025-09-30 0001444192 us-gaap:EmployeeStockOptionMember 2026-04-01 2026-09-30 0001444192 us-gaap:EmployeeStockOptionMember 2025-04-01 2025-09-30 0001444192 grce:September2023CommonWarrantsMember 2026-04-01 2026-09-30 0001444192 grce:September2023CommonWarrantsMember 2025-04-01 2025-09-30 0001444192 grce:February2025CommonWarrantsMember 2026-04-01 2026-09-30 0001444192 grce:February2025CommonWarrantsMember 2025-04-01 2025-09-30 0001444192 grce:SingleReportableSegmentMember 2026-04-01 2026-09-30 0001444192 grce:ReportableOperatingSegmentMember 2026-07-01 2026-09-30 0001444192 grce:ReportableOperatingSegmentMember 2025-07-01 2025-09-30 0001444192 grce:ReportableOperatingSegmentMember 2026-04-01 2026-09-30 0001444192 grce:ReportableOperatingSegmentMember 2025-04-01 2025-09-30 0001444192 grce:ContractManufacturingOrganizationsMember 2026-09-30 0001444192 grce:ContractResearchOrganizationsMember 2026-09-30 shares iso4217:USD iso4217:USD shares grce:Segment 10-Q true 2026-09-30 false 001-35776 Grace Therapeutics, Inc. DE 98-1359336 103 Carnegie Center Suite 300 Princeton NJ 08540 609 322-1602 Common Stock, par value $0.0001 per share GRCE NASDAQ Yes Yes Non-accelerated Filer true false false 21035930 21311000 16977000 20000 20000 629000 383000 21960000 17380000 5000 8000 27595000 41128000 8138000 8138000 57698000 66654000 1614000 2146000 1614000 2146000 604000 612000 2218000 2758000 0.0001 0.0001 10000000 10000000 0 0 0 0 0 0 0.0001 0.0001 100000000 100000000 21035930 21035930 16024026 16024026 2000 1000 307917000 298413000 -6038000 -6038000 -246401000 -228480000 55480000 63896000 57698000 66654000 885000 568000 1582000 1523000 1407000 1961000 3094000 4096000 0 0 13533000 0 -2292000 -2529000 -18209000 -5619000 -1000 -8000 -15000 3000 0 -1427000 0 -940000 154000 172000 295000 375000 153000 1591000 280000 1318000 -2139000 -938000 -17929000 -4301000 -8000 0 -8000 0 -2131000 -2131000 -938000 -938000 -17921000 -17921000 -4301000 -4301000 -0.11 -0.11 -0.06 -0.06 -0.96 -0.96 -0.27 -0.27 20116776 20116776 15924522 15924522 18701159 18701159 15924522 15924522 16024026 1000 298413000 -6038000 -228480000 63896000 250000 0 0 0 0 0 0 0 0 -15790000 -15790000 0 105000 0 0 105000 16274026 1000 298518000 -6038000 -244270000 48211000 0 0 0 -2131000 -2131000 0 197000 0 0 197000 4761904 1000 9202000 0 0 9203000 21035930 2000 307917000 -6038000 -246401000 55480000 13718106 1000 293334000 -6038000 -220687000 66610000 110456 0 0 0 0 0 0 0 0 -3362000 -3362000 0 302000 0 0 302000 13828562 1000 293636000 -6038000 -224049000 63550000 0 0 0 -938000 -938000 0 206000 0 0 206000 300000 0 0 0 0 0 14128562 1000 293842000 -6038000 -224987000 62818000 -17921000 -4301000 3000 2000 302000 508000 13533000 0 0 -940000 8000 0 0 -106000 246000 -37000 -668000 -356000 -5005000 -4944000 661000 327000 10000000 0 9339000 -327000 4334000 -5271000 16977000 22133000 21311000 16862000 1095000 1893000 20216000 14969000 136000 0 <div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold;">1. Nature of operations</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt; font-style: italic;">General</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">Grace Therapeutics, Inc. (formerly known as Acasti Pharma Inc.) (the “Company”), is a Delaware corporation that, as further described below, previously existed under the laws of the Province of Québec, Canada, before changing its jurisdiction on October 1, 2024 to the Province of British Columbia, Canada (“Acasti British Columbia”). On October 7, 2024, Acasti British Columbia changed its jurisdiction to the State of Delaware in the United States of America (the “Domestication”). Effective October 28, 2024, the Company changed its corporate name to Grace Therapeutics, Inc.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt; font-style: italic;">Liquidity and Financial Condition</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company has incurred operating losses and negative cash flows from operations in each period since its inception. The Company expects to incur significant expenses and continued operating losses for the foreseeable future.</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">In May 2023, the Company implemented a strategic realignment plan to enhance shareholder value that resulted in the Company engaging a new management team, streamlining its research and development activities, and greatly reducing its workforce. Following the realignment, the Company is a smaller, more focused organization, based in the United States, and concentrated on its development of its lead product candidate GTx-104. In June 2026, following continued evaluation of strategic priorities and focus on GTx-104, the Company impaired the $13,533 capitalized carrying value of GTx-102 and GTx-101 in-process research and development (“IPR&amp;D”), which is recorded within operating expenses in the condensed consolidated statements of loss and comprehensive loss for the six months ended September 30, 2026. In August 2026, the Company completed a private placement of Company common stock, par value $0.0001 per share (“Common Stock”), with certain institutional and accredited investors. Net proceeds to the Company were $9,203. Refer to Note 6, </span><span style="font-size: 10.0pt; font-style: italic;">Stockholders’ Equity</span><span style="font-size: 10.0pt;"> for additional information. </span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company plans to use its cash and cash equivalents towards resolving the items cited in the U.S. Food and Drug Administration’s (“the FDA”) Complete Response Letter (“CRL”), working capital and other general corporate purposes. The Company believes its existing cash and cash equivalents will be sufficient to sustain planned operations, including the activities to address the items cited in the CRL, through at least 12 months from the issuance date of these unaudited condensed financial statements.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10pt;">The Company will require additional capital to fund its daily operating needs. The Company does not expect to generate revenue from product sales unless and until it successfully completes drug development and obtains regulatory approval, which is subject to significant uncertainty. To date, the Company has financed its operations primarily through public offerings and private placements of its common equity, warrants and convertible debt and the proceeds from warrant exercises and research tax credits. Until such time that the Company can generate significant revenue from drug product sales, if ever, it will require additional financing, which is expected to be sourced from a combination of public or private equity or debt financing or other non-dilutive sources, which may include fees, milestone payments and royalties from collaborations with third parties. Arrangements with collaborators or others may require the Company to relinquish certain rights related to its technologies or drug product candidates. Adequate additional financing may not be available to the Company on acceptable terms, or at all. The Company’s inability to raise capital as and when needed could have a negative impact on its financial condition and its ability to pursue its business strategy. The Company plans to raise additional capital to maintain adequate liquidity. Negative results from studies or trials, if any, the timing, and ability to receive FDA approval for marketing the Company’s drug candidates or depressed prices of the Company’s stock could impact the Company’s ability to raise additional financing. Raising additional equity capital is subject to market conditions that are not within the Company’s control. If the Company is unable to raise additional funds, the Company may not be able to realize its assets and discharge its liabilities in the normal course of business.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company remains subject to risks similar to other development stage companies in the biopharmaceutical industry, including compliance with government regulations, protection of proprietary technology, dependence on third-party contractors and consultants and potential product liability, among others. Please refer to the risk factors included in Part 1, Item 1A of the Company’s Annual Report on Form 10-K for the year ended March 31, 2026, filed with the SEC on June 18, 2026 (the “Annual Report”).</span> </div> 13533000 0.0001 9203000 <div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold;">2. Summary of significant accounting policies</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold; font-style: italic;">Basis of presentation</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X under the Securities Exchange Act of 1934. Any reference in these notes to applicable guidance is meant to refer to the authoritative U.S. GAAP as found in the Accounting Standards Codification (“ASC”) and as amended by Accounting Standards Updates (“ASU”) of the Financial Accounting Standards Board (“FASB”).</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The unaudited condensed consolidated financial statements have been prepared on the same basis as the audited annual consolidated financial statements as of and for the year ended March 31, 2026, and, in the opinion of management, reflect all adjustments, consisting of normal recurring adjustments, necessary for the fair presentation of the Company’s consolidated financial position as of September 30, 2026, the consolidated results of its operations for the three and six months ended September 30, 2026 and 2025, its statements of stockholders’ equity for the three and six months ended September 30, 2026 and 2025, and its consolidated cash flows for the six months ended September 30, 2026 and 2025.</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the accompanying notes for the year ended March 31, 2026 included in the Annual Report. The condensed consolidated balance sheet data as of March 31, 2026 presented for comparative purposes was derived from the Company’s audited consolidated financial statements. The results for the three and six months ended September 30, 2026 are not necessarily indicative of the operating results to be expected for the full year or for any other subsequent interim period.</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company’s significant accounting policies are disclosed in the audited consolidated financial statements for the year ended March 31, 2026 included in the Annual Report. There have been no changes to the Company’s significant accounting policies since the date of the audited consolidated financial statements for the year ended March 31, 2026 included in the Annual Report.</span> </div><div style="font-size: 10pt;">  </div><div> <span style="font-size: 10.0pt; font-weight: bold; font-style: italic;">Use of estimates</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The preparation of these unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">Estimates are based on management’s best knowledge of current events and actions that management may undertake in the future. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">Estimates and assumptions include the measurement of stock-based compensation, derivative warrant liabilities, accruals for research and development contracts and contract organization agreements, and valuation of intangibles and goodwill. Estimates and assumptions are also involved in determining the extent to which research and development expenses qualify for research and development tax credits. The Company recognizes tax credits once it has reasonable assurance that they will be realized.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold; font-style: italic;">Recent accounting pronouncements</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">In November 2024, the FASB issued ASU 2024-03, </span><span style="font-size: 10.0pt; font-style: italic;">Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) </span><span style="font-size: 10.0pt;">(“ASU 2024-03”</span><span style="font-size: 10.0pt; font-style: italic;">), </span><span style="font-size: 10.0pt;">to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, amortization and depletion) in commonly presented expense captions (such as cost of sales, SG&amp;A and research and development).</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">ASU 2024-03 applies to all public business entities and is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within annual reporting periods beginning after December 15, 2027. The requirements will be applied prospectively with the option for retrospective application. Early adoption is permitted. The Company is currently evaluating the effect of adopting this new guidance on its consolidated financial statements and disclosures. The Company does not expect that the adoption of ASU 2024-03 will have a material impact on its consolidated financial statements and disclosures.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company has considered all other recent accounting pronouncements and concluded that they are either not applicable to the Company’s business or that the effect is not expected to be material to the consolidated financial statements as a result of future adoption.</span> </div> <div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold; font-style: italic;">Basis of presentation</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X under the Securities Exchange Act of 1934. Any reference in these notes to applicable guidance is meant to refer to the authoritative U.S. GAAP as found in the Accounting Standards Codification (“ASC”) and as amended by Accounting Standards Updates (“ASU”) of the Financial Accounting Standards Board (“FASB”).</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The unaudited condensed consolidated financial statements have been prepared on the same basis as the audited annual consolidated financial statements as of and for the year ended March 31, 2026, and, in the opinion of management, reflect all adjustments, consisting of normal recurring adjustments, necessary for the fair presentation of the Company’s consolidated financial position as of September 30, 2026, the consolidated results of its operations for the three and six months ended September 30, 2026 and 2025, its statements of stockholders’ equity for the three and six months ended September 30, 2026 and 2025, and its consolidated cash flows for the six months ended September 30, 2026 and 2025.</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the accompanying notes for the year ended March 31, 2026 included in the Annual Report. The condensed consolidated balance sheet data as of March 31, 2026 presented for comparative purposes was derived from the Company’s audited consolidated financial statements. The results for the three and six months ended September 30, 2026 are not necessarily indicative of the operating results to be expected for the full year or for any other subsequent interim period.</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company’s significant accounting policies are disclosed in the audited consolidated financial statements for the year ended March 31, 2026 included in the Annual Report. There have been no changes to the Company’s significant accounting policies since the date of the audited consolidated financial statements for the year ended March 31, 2026 included in the Annual Report.</span> </div> <div> <span style="font-size: 10.0pt; font-weight: bold; font-style: italic;">Use of estimates</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The preparation of these unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">Estimates are based on management’s best knowledge of current events and actions that management may undertake in the future. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">Estimates and assumptions include the measurement of stock-based compensation, derivative warrant liabilities, accruals for research and development contracts and contract organization agreements, and valuation of intangibles and goodwill. Estimates and assumptions are also involved in determining the extent to which research and development expenses qualify for research and development tax credits. The Company recognizes tax credits once it has reasonable assurance that they will be realized.</span> </div> <div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold; font-style: italic;">Recent accounting pronouncements</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">In November 2024, the FASB issued ASU 2024-03, </span><span style="font-size: 10.0pt; font-style: italic;">Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) </span><span style="font-size: 10.0pt;">(“ASU 2024-03”</span><span style="font-size: 10.0pt; font-style: italic;">), </span><span style="font-size: 10.0pt;">to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, amortization and depletion) in commonly presented expense captions (such as cost of sales, SG&amp;A and research and development).</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">ASU 2024-03 applies to all public business entities and is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within annual reporting periods beginning after December 15, 2027. The requirements will be applied prospectively with the option for retrospective application. Early adoption is permitted. The Company is currently evaluating the effect of adopting this new guidance on its consolidated financial statements and disclosures. The Company does not expect that the adoption of ASU 2024-03 will have a material impact on its consolidated financial statements and disclosures.</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company has considered all other recent accounting pronouncements and concluded that they are either not applicable to the Company’s business or that the effect is not expected to be material to the consolidated financial statements as a result of future adoption.</span> </div> <div> <span style="font-size: 10.0pt; font-weight: bold;">3. Fair value measurements</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">Assets and liabilities measured at fair value on a recurring basis as of September 30, 2026 were as follows:</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom;"> Total </td><td style="text-align: center; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: center; vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; white-space : nowrap; "> Quoted prices<br/>in active markets<br/>(Level 1) </td><td style="text-align: center; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: center; vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; white-space : nowrap; "> Significant other<br/>observable inputs<br/>(Level 2) </td><td style="text-align: center; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: center; vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; white-space : nowrap; "> Significant<br/>unobservable inputs<br/>(Level 3) </td><td style="text-align: center; vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;">$</td><td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;">$</td><td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;">$</td><td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;">$</td><td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Assets </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); padding-left: 10px;"> <div> Treasury bills classified as cash equivalents </div> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,216</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,216</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total assets </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,216</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,216</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total liabilities </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> </table><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">Assets and liabilities measured at fair value on a recurring basis as of March 31, 2026 were as follows:</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> Total </td><td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Quoted prices<br/>in active markets<br/>(Level 1) </td><td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Significant other<br/>observable inputs<br/>(Level 2) </td><td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; white-space : nowrap; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; "> Significant<br/>unobservable inputs<br/>(Level 3) </td><td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Assets </div> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); padding-left: 10px;"> <div> Treasury bills classified as cash equivalents </div> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">15,670</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">15,670</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total assets </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">15,670</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">15,670</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total liabilities </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> </table><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">There were no changes in valuation techniques or transfers between Levels 1, 2 or 3 during the six months ended September 30, 2026.</span> </div> <div style="text-align: justify;"> <span style="font-size: 10.0pt;">Assets and liabilities measured at fair value on a recurring basis as of September 30, 2026 were as follows:</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom;"> Total </td><td style="text-align: center; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: center; vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; white-space : nowrap; "> Quoted prices<br/>in active markets<br/>(Level 1) </td><td style="text-align: center; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: center; vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; white-space : nowrap; "> Significant other<br/>observable inputs<br/>(Level 2) </td><td style="text-align: center; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: center; vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; white-space : nowrap; "> Significant<br/>unobservable inputs<br/>(Level 3) </td><td style="text-align: center; vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;">$</td><td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;">$</td><td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;">$</td><td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;">$</td><td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Assets </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); padding-left: 10px;"> <div> Treasury bills classified as cash equivalents </div> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,216</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,216</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total assets </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,216</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">20,216</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total liabilities </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> </table><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">Assets and liabilities measured at fair value on a recurring basis as of March 31, 2026 were as follows:</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> Total </td><td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Quoted prices<br/>in active markets<br/>(Level 1) </td><td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Significant other<br/>observable inputs<br/>(Level 2) </td><td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; white-space : nowrap; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; "> Significant<br/>unobservable inputs<br/>(Level 3) </td><td style="text-align: center; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Assets </div> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); padding-left: 10px;"> <div> Treasury bills classified as cash equivalents </div> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">15,670</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">15,670</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total assets </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">15,670</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">15,670</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total liabilities </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> </table> 20216000 20216000 0 0 20216000 20216000 0 0 0 0 0 0 15670000 15670000 0 0 15670000 15670000 0 0 0 0 0 0 <div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold;">4. Intangible assets and goodwill</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">Individual IPR&amp;D projects and goodwill are tested for impairment on an annual basis in the fourth fiscal quarter, and in between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of each technology or the Company’s reporting unit below its carrying value. In April 2026, the Company received a CRL from the FDA in response to the Company’s new drug application (“NDA”) submission for GTx-104, triggering a comprehensive review of the Company’s individual IPR&amp;D projects and goodwill. In June 2026, following continued evaluation of strategic priorities and focus on GTx-104, the Company impaired the $13,533 capitalized carrying value of GTx-102 and GTx-101 which is recorded within operating expenses in the condensed consolidated statements of loss and comprehensive loss for the six months ended September 30, 2026. The impairment assessments resulted in the following activity during the six months ended September 30, 2026:</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : right; vertical-align : bottom; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> GTx-104 </td><td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : right; vertical-align : bottom; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> GTx-<br/>102 </td><td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : right; vertical-align : bottom; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> GTx-<br/>101 </td><td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : right; vertical-align : top; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Total </td><td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Intangible assets – in-process research and development</span> </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance, March 31, 2026 </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">27,595</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">9,196</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">4,337</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">41,128</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Impairment </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(9,196</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">) </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(4,337</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">) </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(13,533</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Balance, September 30, 2026</span> </div> </td> <td style="text-align: right; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">27,595</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">27,595</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> </table><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10pt;">As of September 30, 2026, the estimated fair value of GTx-104 was not less than its carrying value, and no impairment was recorded.</span> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> $ </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Goodwill</span> </div> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance, March 31, 2026 </div> </td> <td style="text-align: right; width: 1%;"></td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">8,138</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Impairment </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Balance, September 30, 2026</span> </div> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%;"> </td><td style="text-align: right; font-weight: bold; width: 9%;">8,138</td><td style="text-align: left; font-weight: bold; width: 1%;"> </td> </tr> </table> 13533000 The impairment assessments resulted in the following activity during the six months ended September 30, 2026:<table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : right; vertical-align : bottom; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> GTx-104 </td><td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : right; vertical-align : bottom; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> GTx-<br/>102 </td><td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : right; vertical-align : bottom; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> GTx-<br/>101 </td><td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : right; vertical-align : top; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Total </td><td style="text-align: right; vertical-align: bottom; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Intangible assets – in-process research and development</span> </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance, March 31, 2026 </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">27,595</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">9,196</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">4,337</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">41,128</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Impairment </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(9,196</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">) </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(4,337</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">) </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(13,533</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Balance, September 30, 2026</span> </div> </td> <td style="text-align: right; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">27,595</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">27,595</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> </table> 27595000 9196000 4337000 41128000 0 9196000 4337000 13533000 27595000 0 0 27595000 0 <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> $ </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Goodwill</span> </div> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance, March 31, 2026 </div> </td> <td style="text-align: right; width: 1%;"></td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">8,138</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Impairment </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Balance, September 30, 2026</span> </div> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%;"> </td><td style="text-align: right; font-weight: bold; width: 9%;">8,138</td><td style="text-align: left; font-weight: bold; width: 1%;"> </td> </tr> </table> 8138000 0 8138000 <div> <span style="font-size: 10.0pt; font-weight: bold;">5. Trade and other payables</span> </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : right; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> September 30, 2026 </td><td style="text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : right; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> March 31, 2026 </td><td style="text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Trade payables </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">410</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">702</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Accrued research and development expenses </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">422</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">198</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Employee salaries and benefits payable </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">493</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">527</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Accrued liabilities and payables </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">289</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">719</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total trade and other payables </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,614</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,146</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> </table> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : right; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> September 30, 2026 </td><td style="text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align : right; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> March 31, 2026 </td><td style="text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Trade payables </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">410</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">702</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Accrued research and development expenses </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">422</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">198</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Employee salaries and benefits payable </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">493</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">527</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Accrued liabilities and payables </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">289</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">719</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total trade and other payables </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,614</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,146</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> </table> 410000 702000 422000 198000 493000 527000 289000 719000 1614000 2146000 <div> <span style="font-size: 10.0pt; font-weight: bold;">6. Stockholders’ equity</span> </div><div style="font-size: 10pt;">  </div><div> <span style="font-size: 10.0pt; font-weight: bold; font-style: italic;">Preferred Stock</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company is authorized to issue up to 10,000,000 shares of preferred stock, par value $0.0001 per share. No shares of the Company’s preferred stock are issued or outstanding as of September 30, 2026.</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold; font-style: italic;">Common Stock</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">In connection with the consummation of the Domestication, on October 7, 2024, the Company adopted a Certificate of Incorporation (as amended, the “Charter”) and Bylaws (as amended, the “Bylaws”). The rights of holders of Common Stock are governed by the Charter, the Bylaws, and the General Corporation Law of the State of Delaware. The Company is authorized to issue up to 100,000,000 shares of Common Stock, par value $0.0001 per share.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold; font-style: italic;">2026 Private Placement</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">In August 2026, the Company entered into a securities purchase agreement (the “2026 Purchase Agreement”) with certain institutional and accredited investors in connection with a private placement of shares of Common Stock (the “2026 Private Placement”). Pursuant to the 2026 Purchase Agreement, the Company offered and sold in the 2026 Private Placement an aggregate of 4,761,904 shares of Common Stock at a purchase price of $2.10 per share. The net proceeds to the Company from the 2026 Private Placement were $9,203, after deducting fees and expenses.</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company’s pre-funded warrants and common warrants issued in February 2025 are presented under additional paid-in capital in the equity section of the unaudited condensed consolidated balance sheet as of September 30, 2026.</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">During the three and six months ended September 30, 2026, 0 and 250,000 of the pre-funded warrants issued in February 2025 were exercised for 0 and 250,000 shares of Common Stock, respectively.</span></div><div style="text-align: justify;"> </div><div style="text-align: justify;"><span style="font-size: 10pt;">The Company’s pre-funded warrants issued in September 2023 are presented under additional paid-in capital in the equity section of the unaudited condensed consolidated balance sheet as of September 30, 2026. There have been no exercises of the pre-funded warrants issued in September 2023 during the three and six months ended September 30, 2026</span></div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The following table summarizes the Company’s outstanding warrants as of September 30, 2026, all of which are exercisable for shares of Common Stock:</span> </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 64%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td colspan="13" style="text-align: center; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> September 30, 2026 </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; width: 1%; vertical-align: bottom;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; white-space : nowrap; "> No. of<br/>warrants </td><td style="text-align: center; width: 1%; vertical-align: bottom;"> </td> <td style="text-align: center; width: 1%; vertical-align: bottom;"> </td><td colspan="2" style="text-align : center; width : 1%; vertical-align : bottom; white-space : nowrap; "> Exercise<br/>Price ($) </td><td style="text-align: center; width: 1%; vertical-align: bottom;"> </td> <td style="text-align: center; width: 1%; vertical-align: bottom;"> </td><td colspan="2" style="text-align : center; width : 1%; vertical-align : bottom; white-space : nowrap; "> Expiration<br/>Date </td><td style="text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Equity classified warrants</span> </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Pre-funded warrants issued in connection with September 2023 private placement </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">338,252</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">0.0001</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> <div> No expiration </div> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding-left: 10px;"> <div> Common warrants issued in connection with February 2025 private placement </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">4,418,292</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">3.395</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">(1</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; padding-left: 10px;"> <div> Pre-funded warrants issued in connection with February 2025 private placement </div> </td> <td style="width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">657,708</td><td style="width: 1%; text-align: left; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">0.0001</td><td style="width: 1%; text-align: left; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> <div> No expiration </div> </td><td style="width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span style="font-size: 10.0pt;">1)</span> </div> <div> <span style="font-size: 10.0pt;">The February 2025 common warrants will expire on the earlier of: (i) the 60th day after the date the FDA approves the NDA for GTx-104 and (ii) September 25, 2028.</span> </div> </div> 10000000 0.0001 0 0 100000000 0.0001 4761904 2.1 9203000 0 250000 0 250000 0 0 <div style="text-align: justify;"> <span style="font-size: 10.0pt;">The following table summarizes the Company’s outstanding warrants as of September 30, 2026, all of which are exercisable for shares of Common Stock:</span> </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 64%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td colspan="13" style="text-align: center; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> September 30, 2026 </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; width: 1%; vertical-align: bottom;"> </td><td colspan="2" style="text-align : center; vertical-align : bottom; white-space : nowrap; "> No. of<br/>warrants </td><td style="text-align: center; width: 1%; vertical-align: bottom;"> </td> <td style="text-align: center; width: 1%; vertical-align: bottom;"> </td><td colspan="2" style="text-align : center; width : 1%; vertical-align : bottom; white-space : nowrap; "> Exercise<br/>Price ($) </td><td style="text-align: center; width: 1%; vertical-align: bottom;"> </td> <td style="text-align: center; width: 1%; vertical-align: bottom;"> </td><td colspan="2" style="text-align : center; width : 1%; vertical-align : bottom; white-space : nowrap; "> Expiration<br/>Date </td><td style="text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Equity classified warrants</span> </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Pre-funded warrants issued in connection with September 2023 private placement </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">338,252</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">0.0001</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> <div> No expiration </div> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding-left: 10px;"> <div> Common warrants issued in connection with February 2025 private placement </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">4,418,292</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">3.395</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">(1</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; padding-left: 10px;"> <div> Pre-funded warrants issued in connection with February 2025 private placement </div> </td> <td style="width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">657,708</td><td style="width: 1%; text-align: left; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">0.0001</td><td style="width: 1%; text-align: left; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> <div> No expiration </div> </td><td style="width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span style="font-size: 10.0pt;">1)</span> </div> <div> <span style="font-size: 10.0pt;">The February 2025 common warrants will expire on the earlier of: (i) the 60th day after the date the FDA approves the NDA for GTx-104 and (ii) September 25, 2028.</span> </div> </div> 338252 0.0001 4418292 3.395 657708 0.0001 2028-09-25 <div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold;">7. Stock-based compensation</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold; font-style: italic;">2024 Equity Incentive Plan</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">At the Annual and Special Meeting of Shareholders on September 30, 2024 (the “Effective Date”), the Company’s shareholders approved the Grace Therapeutics, Inc. 2024 Equity Incentive Plan (the “2024 Plan”) which became effective on the date of the Domestication. The 2024 Plan replaced the Acasti Pharma Inc. Stock Option Plan and the Acasti Pharma Inc. Equity Incentive Plan (collectively, the “Prior Plans”). The 2024 Plan provides for the grant of awards of stock options, stock appreciation rights, restricted stock, restricted stock units, deferred stock units, unrestricted stock, dividend equivalent rights, performance-based awards, and other equity-based awards to eligible persons as defined under the 2024 Plan. Any of these awards may, but need not, be made as performance incentives to reward the holders of such awards for the achievement of performance goals in accordance with the terms of the 2024 Plan. Stock options granted under the 2024 Plan may be non-qualified stock options or incentive stock options, as provided in the 2024 Plan.</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">Following the Effective Date of the 2024 Plan, no awards shall be made under the Prior Plans. However, Common Stock reserved under the Prior Plans to settle awards which were made under the Prior Plans may be issued and delivered following the Effective Date to settle such awards.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The 2024 Plan is administered by a committee designated, from time to time, by resolution of the Company’s Board of Directors. The committee will also be responsible for determining, among others, the key terms of the awards including their grant dates, pricing, basis for fair value determination, vesting terms, restrictions, and terminations. The Board has designated its Compensation Committee to administer the 2024 Plan. The 2024 Plan authorizes a total of 1,350,000 shares of Common Stock available for issuance. As of September 30, 2026, there were 484,400 shares available for future issuance under the 2024 Plan.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The 2024 Plan will terminate automatically ten years after the Effective Date and may be terminated on any earlier date as provided by the 2024 Plan.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The following table summarizes information about activities within the 2024 Plan and Prior Plans for the six months ended September 30, 2026:</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align : bottom; text-align : right; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Number<br/>of<br/>Options </td><td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align : bottom; text-align : right; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Weighted-average<br/>Exercise Price </td><td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align : bottom; text-align : right; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Remaining<br/>Contractual Term<br/>(years) </td><td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align : bottom; text-align : right; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Aggregate Intrinsic<br/>Value (in<br/>thousands) </td><td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding, March 31, 2026 </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,345,453</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3.14</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">7.88</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">2,562</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Granted </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">440,070</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">2.12</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">9.92</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding, September 30, 2026 </div> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,785,523</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">2.89</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">8.00</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">40</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Exercisable, September 30, 2026 </div> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,147,861</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">3.29</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">7.29</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">15</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> </table><div style="text-align: justify;"> <span style="font-size: 10.0pt;">Compensation expense recognized under the 2024 Plan and the Prior Plans is summarized as follows:</span> </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"><br/></td><td colspan="6" style="text-align: center; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> <span style="font-size: 13.3333px; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three months ended</span> </td><td style="text-align: center; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor; width: 1%;"> </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"><br/></td><td colspan="6" style="text-align: center; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> <span style="font-size: 13.3333px; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Six months ended</span> </td><td style="text-align: center; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="white-space: nowrap; width: 9%;"> <div> September 30,<br/><span style="font-size: 10pt;">2026</span></div> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width : 9%; white-space : nowrap; "> <div> September 30,<br/><span style="font-size: 10pt;">2025</span></div> </td><td style="width: 1%; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;"> </td> <td style="width: 1%; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;"> </td><td style="width: 1%;"> </td><td style="width : 9%; white-space : nowrap; "> <div> September 30,<br/><span style="font-size: 10pt;">2026</span></div> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width : 9%; white-space : nowrap; "> <div> September 30,<br/><span style="font-size: 10pt;">2025</span></div> </td><td style="width: 1%; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Research and development expenses </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">50</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">58</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">81</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">127</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> General and administrative expenses </div> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">147</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">148</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">221</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">381</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">197</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">206</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">302</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">508</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">As of September 30, 2026, there was $673 of total unrecognized compensation cost, related to non-vested stock options, which is expected to be recognized over a remaining weighted-average vesting period of 1.59 years.</span> </div> 1350000 484400 P10Y <div style="text-align: justify;"> <span style="font-size: 10.0pt;">The following table summarizes information about activities within the 2024 Plan and Prior Plans for the six months ended September 30, 2026:</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align : bottom; text-align : right; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Number<br/>of<br/>Options </td><td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align : bottom; text-align : right; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Weighted-average<br/>Exercise Price </td><td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align : bottom; text-align : right; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Remaining<br/>Contractual Term<br/>(years) </td><td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align : bottom; text-align : right; border-top : 2px solid black; border-right-color : black; border-bottom-color : black; border-left-color : black; white-space : nowrap; "> Aggregate Intrinsic<br/>Value (in<br/>thousands) </td><td style="vertical-align: bottom; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding, March 31, 2026 </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,345,453</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3.14</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">7.88</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">2,562</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Granted </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">440,070</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">2.12</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">9.92</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Outstanding, September 30, 2026 </div> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,785,523</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">2.89</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">8.00</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">40</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Exercisable, September 30, 2026 </div> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,147,861</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">3.29</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">7.29</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">15</td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> </table> 1345453 3.14 P7Y10M17D 2562000 440070 2.12 P9Y11M1D 1785523 2.89 P8Y 40000 1147861 3.29 P7Y3M14D 15000 <div style="text-align: justify;"> <span style="font-size: 10.0pt;">Compensation expense recognized under the 2024 Plan and the Prior Plans is summarized as follows:</span> </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"><br/></td><td colspan="6" style="text-align: center; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> <span style="font-size: 13.3333px; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three months ended</span> </td><td style="text-align: center; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor; width: 1%;"> </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"><br/></td><td colspan="6" style="text-align: center; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> <span style="font-size: 13.3333px; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Six months ended</span> </td><td style="text-align: center; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="white-space: nowrap; width: 9%;"> <div> September 30,<br/><span style="font-size: 10pt;">2026</span></div> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width : 9%; white-space : nowrap; "> <div> September 30,<br/><span style="font-size: 10pt;">2025</span></div> </td><td style="width: 1%; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;"> </td> <td style="width: 1%; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;"> </td><td style="width: 1%;"> </td><td style="width : 9%; white-space : nowrap; "> <div> September 30,<br/><span style="font-size: 10pt;">2026</span></div> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width : 9%; white-space : nowrap; "> <div> September 30,<br/><span style="font-size: 10pt;">2025</span></div> </td><td style="width: 1%; border-width: 2px medium medium; border-style: solid none none; border-color: rgb(0, 0, 0) currentcolor currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> $</td><td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Research and development expenses </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">50</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">58</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">81</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">127</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> General and administrative expenses </div> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">147</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">148</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">221</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">381</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">197</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">206</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">302</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">508</td><td style="text-align: left; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td> </tr> </table> 50000 58000 81000 127000 147000 148000 221000 381000 197000 206000 302000 508000 673000 P1Y7M2D <div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold;">8. Loss per share</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company has generated a net loss for all periods presented. Therefore, diluted loss per share is the same as basic loss per share since the inclusion of potentially dilutive securities would have had an anti-dilutive effect. All currently outstanding options and warrants could potentially be dilutive in the future.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company excluded the following potential shares of Common Stock, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to stockholders for the periods indicated because including them would have had an anti-dilutive effect:</span> </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: right; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> September 30,<br/>2026 </td><td style="text-align: right; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: right; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> September 30,<br/>2025 </td><td style="text-align: right; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Options outstanding </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,785,523</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,309,703</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> September 2023 Common Warrants (1) </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">2,536,391</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> February 2025 Common Warrants </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,418,292</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,418,292</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span style="font-size: 10.0pt;">(1)</span> </div> <div> <span style="font-size: 10.0pt;">The September 2023 common warrants expired on October 21, 2025.</span> </div> </div><div style="text-align: justify; font-size: 10pt; clear: both;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">Basic and diluted net loss per share is calculated based upon the weighted-average number of shares of Common Stock outstanding during the period. Common Stock underlying the pre-funded warrants issued in 2023 and 2025 are included in the calculation of basic and diluted earnings per share.</span> </div> <div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company excluded the following potential shares of Common Stock, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to stockholders for the periods indicated because including them would have had an anti-dilutive effect:</span> </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: right; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> September 30,<br/>2026 </td><td style="text-align: right; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: right; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> September 30,<br/>2025 </td><td style="text-align: right; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Options outstanding </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,785,523</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,309,703</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> September 2023 Common Warrants (1) </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">2,536,391</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> February 2025 Common Warrants </div> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,418,292</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,418,292</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="text-indent: -18pt; padding-left: 36pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span style="font-size: 10.0pt;">(1)</span> </div> <div> <span style="font-size: 10.0pt;">The September 2023 common warrants expired on October 21, 2025.</span> </div> </div> 1785523 1309703 0 2536391 4418292 4418292 <div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold;">9. Segment Information</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">An operating segment is a component of an entity whose operating results are regularly reviewed by its chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance. Factors used by the Company in determining the reportable segment include the nature of the Company's operating activities, the organizational and reporting structure and the type of information reviewed by the CODM to allocate resources and evaluate financial performance.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company has one reportable operating segment: the development and commercialization of pharmaceutical applications of its patents and licensed rights. The Company’s CODM is its Chief Executive Officer. The accounting policies of the segment are those described in the summary of significant accounting policies.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The CODM assesses the performance of the segment based on net loss, which is reported on the unaudited condensed consolidated statement of net loss and comprehensive loss as Net loss and total comprehensive loss. The measure of segment assets is reported on the unaudited condensed consolidated balance sheet as total assets.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company has not generated any revenue and expects to continue to incur significant expenses and operating losses as it advances product candidates through all stages of development, and ultimately, receive regulatory approval. Accordingly, the CODM utilizes the cash budget and forecasts in assessing the entity-wide operating results and performance, and in deciding how to allocate resources across the organization and its segment. Net loss is used to monitor budgets against actual results, which then is used in assessing the performance of the segment.</span> </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The table below summarizes the significant expenses, by category regularly reviewed by the CODM, for the three and six months ended September 30, 2026 and 2025:</span> </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"><br/></td><td colspan="6" style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> <span style="font-size: 13.3333px; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three months ended</span> </td><td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"><br/></td><td colspan="6" style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> <span style="font-size: 13.3333px; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Six months ended</span> </td><td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="border-bottom : 2px solid black; border-top-color : black; border-right-color : black; border-left-color : black; white-space : nowrap; "> <div> September<br/><span style="font-size: 10pt;">30, 2026</span></div> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="border-bottom : 2px solid black; border-top-color : black; border-right-color : black; border-left-color : black; white-space : nowrap; "> <div> September<br/><span style="font-size: 10pt;">30, 2025</span></div> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="border-bottom : 2px solid black; border-top-color : black; border-right-color : black; border-left-color : black; white-space : nowrap; "> <div> September<br/><span style="font-size: 10pt;">30, 2026</span></div> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="border-bottom : 2px solid black; border-top-color : black; border-right-color : black; border-left-color : black; white-space : nowrap; "> <div> September<br/><span style="font-size: 10pt;">30, 2025</span></div> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: right;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> $</td><td style="text-align: right; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> $</td><td style="text-align: right; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> $</td><td style="text-align: right; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> $</td><td style="text-align: right; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Clinical development programs </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(565</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(81</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(972</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(527</td><td style="text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Professional fees </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(685</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(1,102</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(1,589</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(2,091</td><td style="text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Salaries and benefits </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(614</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(760</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(1,204</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(1,562</td><td style="text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Stock-based compensation </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(197</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(206</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(302</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(508</td><td style="text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other general and administrative expenses (1) </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(231</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(380</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(609</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(931</td><td style="text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-size: 10pt;">Impairment of intangible assets</span> </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(13,533</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other segment income (expense) (2) </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(1</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,419</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(15</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">943</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Interest income, net </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">154</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">172</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">295</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">375</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Tax benefit</div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">8</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">8</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Segment and consolidated loss </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(2,131</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(938</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(17,921</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(4,301</td><td style="text-align: left; width: 1%;">) </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="text-indent: -18pt; text-align: justify; padding-left: 36pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span style="font-size: 10.0pt;">1)</span> </div> <div> <span style="font-size: 10.0pt;">Other general and administrative expenses include depreciation, travel, and other administrative costs.</span> </div> </div><div style="text-align: justify; font-size: 10pt; clear: both;">  </div><div style="text-indent: -18pt; text-align: justify; padding-left: 36pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span style="font-size: 10.0pt;">2)</span> </div> <div> <span style="font-size: 10.0pt;">Other segment income (expense) includes change in fair value of derivative warrant liabilities and foreign exchange losses.</span> </div> </div> 1 <div style="text-align: justify;"> <span style="font-size: 10.0pt;">The table below summarizes the significant expenses, by category regularly reviewed by the CODM, for the three and six months ended September 30, 2026 and 2025:</span> </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"><br/></td><td colspan="6" style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> <span style="font-size: 13.3333px; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three months ended</span> </td><td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); width: 1%;"><br/></td><td colspan="6" style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> <span style="font-size: 13.3333px; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Six months ended</span> </td><td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="border-bottom : 2px solid black; border-top-color : black; border-right-color : black; border-left-color : black; white-space : nowrap; "> <div> September<br/><span style="font-size: 10pt;">30, 2026</span></div> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="border-bottom : 2px solid black; border-top-color : black; border-right-color : black; border-left-color : black; white-space : nowrap; "> <div> September<br/><span style="font-size: 10pt;">30, 2025</span></div> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="border-bottom : 2px solid black; border-top-color : black; border-right-color : black; border-left-color : black; white-space : nowrap; "> <div> September<br/><span style="font-size: 10pt;">30, 2026</span></div> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td> <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="2" style="border-bottom : 2px solid black; border-top-color : black; border-right-color : black; border-left-color : black; white-space : nowrap; "> <div> September<br/><span style="font-size: 10pt;">30, 2025</span></div> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: right;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> $</td><td style="text-align: right; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> $</td><td style="text-align: right; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> $</td><td style="text-align: right; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> $</td><td style="text-align: right; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Clinical development programs </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(565</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(81</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(972</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(527</td><td style="text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Professional fees </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(685</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(1,102</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(1,589</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(2,091</td><td style="text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Salaries and benefits </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(614</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(760</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(1,204</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(1,562</td><td style="text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Stock-based compensation </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(197</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(206</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(302</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(508</td><td style="text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other general and administrative expenses (1) </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(231</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(380</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(609</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(931</td><td style="text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-size: 10pt;">Impairment of intangible assets</span> </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(13,533</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Other segment income (expense) (2) </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(1</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,419</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(15</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">943</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Interest income, net </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">154</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">172</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">295</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">375</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Tax benefit</div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">8</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">8</td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> — </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Segment and consolidated loss </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(2,131</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(938</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(17,921</td><td style="text-align: left; width: 1%;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">(4,301</td><td style="text-align: left; width: 1%;">) </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="text-indent: -18pt; text-align: justify; padding-left: 36pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span style="font-size: 10.0pt;">1)</span> </div> <div> <span style="font-size: 10.0pt;">Other general and administrative expenses include depreciation, travel, and other administrative costs.</span> </div> </div><div style="text-align: justify; font-size: 10pt; clear: both;">  </div><div style="text-indent: -18pt; text-align: justify; padding-left: 36pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span style="font-size: 10.0pt;">2)</span> </div> <div> <span style="font-size: 10.0pt;">Other segment income (expense) includes change in fair value of derivative warrant liabilities and foreign exchange losses.</span> </div> </div> 565000 81000 972000 527000 685000 1102000 1589000 2091000 614000 760000 1204000 1562000 197000 206000 302000 508000 231000 380000 609000 931000 0 0 13533000 0 -1000 1419000 -15000 943000 154000 172000 295000 375000 -8000 0 -8000 0 -2131000 -938000 -17921000 -4301000 <div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold;">10. <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Commitments and contingencies</span></span></div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold; font-style: italic;">Research and development contracts and contract research organizations agreements</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">The Company utilizes contract manufacturing organizations (“CMOs”) for the development and production of clinical materials and contract research organizations (“CROs”) to perform services related to its clinical trials. Pursuant to the agreements with these CMOs and CROs, the Company has either the right to terminate the agreements without penalties or under certain penalty conditions. As of September 30, 2026, the Company had $95 of commitments to CMOs and $0 of commitments to CROs for the next twelve months.</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt; font-weight: bold; font-style: italic;">Legal proceedings and disputes</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify;"> <span style="font-size: 10.0pt;">In the ordinary course of business, the Company is at times subject to various legal proceedings and disputes. The Company assesses its liabilities and contingencies in connection with outstanding legal proceedings utilizing the latest information available. Where it is probable that the Company will incur a loss and the amount of the loss can be reasonably estimated, the Company records a liability in its unaudited condensed consolidated financial statements. These legal contingencies may be adjusted to reflect any relevant developments on a quarterly basis. Where a loss is not probable or the amount of loss is not estimable, the Company does not accrue legal contingencies. While the outcome of legal proceedings is inherently uncertain, based on information currently available, management believes that it has established appropriate legal reserves. No reserves or liabilities have been accrued at September 30, 2026.</span> </div> 95000 0 0 false false false false 0001444192 false 2027 Q2 --03-31 The February 2025 common warrants will expire on the earlier of: (i) the 60th day after the date the FDA approves the NDA for GTx-104 and (ii) September 25, 2028. The September 2023 common warrants expired on October 21, 2025. Other general and administrative expenses include depreciation, travel, and other administrative costs. Other segment income (expense) includes change in fair value of derivative warrant liabilities and foreign exchange losses.