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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2022

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following summarizes assets and liabilities that are measured at fair value on a recurring basis, by level, within the fair value hierarchy (in thousands):


	As of March 31, 2022
	Level 1		Level 2		Level 3		Total
Liabilities
Public warrant liability(1)	$	5,516	$	—	$	—	$	5,516
Private warrant liability(1)	$	—	$	2,963	$	—	$	2,963
	$	5,516	$	2,963	$	—	$	8,479


	As of March 31, 2021
	Level 1		Level 2		Level 3		Total
Liabilities
Preferred stock warrant liabilities(1)	$	—	$	—	$	133	$	133
Derivative liabilities(2)	—		—		$	4,883	$	4,883
	$	—	$	—	$	5,016	$	5,016

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(1)Included in accrued and other current liabilities.

(2)Included in other long-term liabilities.

Summary of Liabilities Measured at Fair Value on a Recurring Basis

A summary of the activity of the Level 3 liabilities carried at fair value on a recurring basis from March 31, 2021 through March 31, 2022 is as follows:



Balance at March 31, 2021	$	5,016
Change in fair value of preferred stock warrants	664
Settlement of derivative liability due to 2019 & 2020 Notes conversion	(4,883)
Settlement of warrant liability upon exercise of warrant	(797)
Balance at March 31, 2022	$	—

Schedule of Property, Plant and Equipment, Estimated Useful Lives

The estimated useful lives for significant property and equipment categories are as follows:


Asset Class						Useful Life
Computer equipment, software, and domain names						3 years
Warehouse machinery and equipment						5 years
Furniture and fixtures						5 years
Leased equipment and leasehold improvements						Shorter of remaining lease term or estimated useful life