Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK (Tables)

v3.24.3
COMMON STOCK (Tables)
6 Months Ended
Sep. 30, 2024
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 May 2024 Warrants July 2024 Warrants August 2024 Warrants Total
March 31, 2024::
   Exercise price $26.60 $55.40 $20.00 n/a n/a n/a
   Number shares under warrant(s) 357  184  63  n/a n/a n/a 604 
   Fair value $ 2,320  $ 1,135  $ 591  n/a n/a n/a $ 4,046 
September 30, 2024:
   Exercise price
$6.20 - $26.04
$6.20 - $54.19
$6.20 $6.20 $6.20 $6.20
   Number shares under warrant(s) 363  188  64  100  50  380 1,145 
   Fair value $ 516  $ 324  $ 174  $ 280  $ 140  $ 1,065  $ 2,499 
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, 2023 and 2024:

Balance at March 31, 2023 $ 7,989 
Issuance of warrants 1,195 
Change in fair value of warrant liabilities (5,128)
Balance at September 30, 2023 $ 4,056 

Balance at March 31, 2024 $ 4,046 
Issuance of warrants 3,157 
Change in fair value of warrant liabilities (5,216)
Repricing adjustment 512 
Balance at September 30, 2024 $ 2,499