Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK (Tables)

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COMMON STOCK (Tables)
6 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary 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 Total
September 30, 2023:
   Exercise price $ 1.33  $ 2.77  $ 1.00 
   Number shares under warrant(s) 7,131  3,683  1,250  12,064 
   Fair value $ 2,376  $ 1,091  $ 589  $ 4,056 
March 31, 2023:
   Exercise price $ 1.33  $ 2.79  n/a
   Number shares under warrant(s) 7,111  3,656  n/a 10,767 
   Fair value $ 5,447  $ 2,542  n/a $ 7,989 
Summary 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 September 30, 2022 and 2023:

Balance at March 31, 2022 $ 18,237 
Change in fair value of warrant liabilities (10,674)
Balance at September 30, 2022 $ 7,563 

Balance at March 31, 2023 $ 7,989 
Issuance of warrants 1,194 
Change in fair value of warrant liabilities (5,127)
Balance at September 30, 2023 $ 4,056