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Debt (Tables)

6 Months Ended

Sep. 30, 2024

Debt [Abstract]

Convertible Debt

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

		September 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			(7,089,000	)			(7,576,000	)
Less: unamortized debt discount attributed to debt issuance costs			(990,000	)			(1,058,000	)
Carrying amount of the Convertible Notes			27,130,000				23,366,000
Plus: Compound Net Derivative Liability			5,210,000				7,410,000
Net carrying amount of Convertible Notes, related party		$	32,340,000			$	30,776,000

Total Interest Expense Recognized Related to Convertible Notes

Interest expense related to the Convertible Notes is as follows:

		Three Months Ended								Six Months Ended
		September 30,								September 30,
		2024				2023				2024				2023

Contractual interest expense		$	880,000			$	800,000			$	1,760,000			$	1,600,000
Accretion of debt discount			249,000				208,000				487,000				409,000
Amortization of debt issuance costs			35,000				30,000				68,000				57,000
Total interest expense		$	1,164,000			$	1,038,000			$	2,315,000			$	2,066,000