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Debt (Tables)

9 Months Ended

Dec. 31, 2023

Debt [Abstract]

Convertible Debt

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

		December 31, 2023				March 31, 2023

Principal amount of Convertible Notes		$	32,000,000			$	32,000,000
Less: unamortized debt discount attributed to Compound Net Derivative Liability			(7,804,000	)			(8,430,000	)
Less: unamortized debt discount attributed to debt issuance costs			(1,090,000	)			(1,006,000	)
Carrying amount of the Convertible Notes			23,106,000				22,564,000
Plus: Compound Net Derivative Liability			10,120,000				8,430,000
Net carrying amount of Convertible Notes, related party		$	33,226,000			$	30,994,000

Total Interest Expense Recognized Related to Convertible Notes

Interest expense related to the Convertible Notes is as follows:

		Three Months Ended				Nine Months Ended
		December 31,				December 31,
		2023				2023
Contractual interest expense		$	800,000			$	2,400,000
Accretion of debt discount			217,000				626,000
Amortization of debt issuance costs			30,000				87,000
Total interest expense		$	1,047,000			$	3,113,000