Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK (Tables)

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COMMON STOCK (Tables)
3 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Outstanding Lender Warrants
The following summarizes the Company's outstanding Lender Warrants (in thousands, except exercise price):
December 2018 Warrants June 2020 Warrants June 2023 Warrants May 2024 Warrants Total
March 31, 2024:
   Exercise price $ 1.33  $ 2.77  $ 1.00  n/a
   Number shares under warrant(s) 7,131  3,683  1,250  n/a 12,064 
   Fair value $ 2,320  $ 1,135  $ 591  n/a $ 4,046 
June 30, 2024:
   Exercise price $ 1.31  $ 2.72  $ 0.99  $ 0.46 
   Number shares under warrant(s) 7,215  3,683  1,262  2,000  14,160 
   Fair value $ 1,331  $ 750  $ 391  $ 691  $ 3,163 
Schedule of Changes in Level 2 Liabilities
The table below sets forth a summary of changes in the fair value of the Company’s Level 2 warrant liabilities as of June 30, 2024 and June 30, 2023:

Balance at March 31, 2023 $ 7,989 
Issuance of warrants 1,194 
Change in fair value of warrant liabilities (726)
Balance at June 30, 2023
$ 8,457 

Balance at March 31, 2024 $ 4,046 
Issuance of warrants 783 
Change in fair value of warrant liabilities (1,666)
Balance at June 30, 2024
$ 3,163