XML 85 R71.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Debt, Convertible Notes (Details)
12 Months Ended
Mar. 31, 2024
USD ($)
Director
Person
d
$ / shares
shares
Mar. 31, 2023
USD ($)
$ / shares
Mar. 31, 2022
USD ($)
Convertible Notes [Abstract]      
Net carrying amount of Convertible Notes, related party $ 30,776,000 $ 30,994,000  
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Net carrying amount of Convertible Notes, related party Net carrying amount of Convertible Notes, related party  
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Net carrying amount of Convertible Notes, related party Net carrying amount of Convertible Notes, related party  
Change in fair value of compound net derivative liability $ (1,020,000) $ 0 $ 0
Interest Expense [Abstract]      
Contractual interest expense 3,200,000 9,000 0
Amortization of issuance costs 2,165,000 663,000 $ 623,000
Convertible Notes [Member]      
Convertible Notes [Abstract]      
Principal amount of Convertible Notes $ 32,000,000 $ 32,000,000  
Interest rate 18.30% 10.00%  
Less: unamortized debt discount attributed to Compound Net Derivative Liability $ (7,576,000) $ (8,430,000)  
Less: unamortized debt discount attributed to debt issuance costs (1,058,000) (1,006,000)  
Carrying amount of the Convertible Notes 23,366,000 22,564,000  
Plus: Compound Net Derivative Liability 7,410,000 8,430,000  
Net carrying amount of Convertible Notes, related party $ 30,776,000 30,994,000  
Aggregate proceeds from offering   $ 31,280,000  
Number of shares issuable upon conversion per $1,000 principal amount (in shares)   66.6667  
Base principal amount for debt to equity conversion   $ 1,000  
Conversion price (in dollars per share) | $ / shares   $ 15  
Common stock available to be issued (in shares) | shares 28,214,757    
Warrants maturity date Mar. 30, 2029    
Consecutive days prior to the redemption | d 20    
Maximum volume weighted average price of common stock (in dollars per share) | $ / shares $ 15    
Warrants fair value $ 0 $ 0  
Return of interest 15.00%    
Maturity date Mar. 30, 2029    
Additional amount to be paid for redemption $ 5,000,000    
Minimum adjusted EBITDA for redemption 80,000,000    
Additional amount to be paid for weighted average price is less than $15 2,000,000    
Derivative liability 9,800,000 10,400,000  
Derivative assets 2,390,000 1,970,000  
Change in fair value of compound net derivative liability 1,020,000    
Threshold aggregate payment in event of default $ 25,000,000    
Cure period 30 days    
Notice period in the events of default 5 days    
Debt issuance costs allocated to the bifurcated derivatives   360,000  
Number directors the Purchaser Representative may nominate | Director 1    
Number of persons having observation rights | Person 1    
Interest Expense [Abstract]      
Contractual interest expense $ 3,200,000 9,000  
Accretion of debt discount 853,000 0  
Amortization of issuance costs 119,000 0  
Total interest expense 4,172,000 $ 9,000  
Convertible Notes Principal plus interest, Fiscal Year Future payment [Abstract]      
Total payments $ 56,704,000