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Debt (Tables)

12 Months Ended

Mar. 31, 2023

Debt [Abstract]

Information About the Term Loan

The Company’s Term Loans are comprised of the following:

		March 31, 2023				March 31, 2022
Principal amount of Term Loans		$	13,125,000			$	16,875,000
Unamortized financing fees			(182,000	)			(181,000	)
Net carrying amount of Term Loans			12,943,000				16,694,000
Less current portion of Term Loans			(3,664,000	)			(3,670,000	)
Long-term portion of Term Loans		$	9,279,000			$	13,024,000

Future Repayments of the Term Loan, by Fiscal Year

Future repayments of the Company’s Term Loans are as follows:

Year Ending March 31,
2024		$	3,750,000
2025			3,750,000
2026			3,750,000
2027			1,875,000
Total payments		$	13,125,000

Convertible Notes

The Company’s Convertible Notes are comprised of the following:

		March 31, 2023
Principal amount of Convertible Notes		$	32,000,000
Less: unamortized debt discount attributed to Compound Net Derivative Liability			(8,430,000	)
Less: unamortized debt discount attributed to debt issuance costs			(1,006,000	)
Carrying amount of the Convertible Notes			22,564,000
Plus: Compound Net Derivative Liability			8,430,000
Net carrying amount of Convertible Notes, related party		$	30,994,000

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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