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Debt (Tables)
3 Months Ended
Jun. 30, 2024
Debt [Abstract]  
Convertible Debt

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



   
June 30, 2024
   
March 31, 2024
 
             
Principal amount of Convertible Notes
 
$
35,209,000
   
$
32,000,000
 
Less: unamortized debt discount attributed to Compound Net Derivative Liability
   
(7,338,000
)
   
(7,576,000
)
Less: unamortized debt discount attributed to debt issuance costs
   
(1,025,000
)
   
(1,058,000
)
Carrying amount of the Convertible Notes
   
26,846,000
     
23,366,000
 
Plus: Compound Net Derivative Liability
   
4,830,000
     
7,410,000
 
Net carrying amount of Convertible Notes, related party
 
$
31,676,000
   
$
30,776,000
 
Total Interest Expense Recognized Related to Convertible Notes

Interest expense related to the Convertible Notes is as follows:


 
Three Months Ended
 
 
June 30,
 
 
2024
    2023
 
Contractual interest expense
 
$
880,000
    $  800,000
 
Accretion of debt discount
   
238,000
       201,000
 
Amortization of debt issuance costs
   
33,000
       27,000
 
Total interest expense
 
$
1,151,000
    $
 1,028,000