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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

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 December 31, 2023
			Level 1						Level 2						Level 3						Total
Assets
Money market funds(1)			$	44,744					$	—					$	—					$	44,744
			$	44,744					$	—					$	—					$	44,744
Liabilities
Public warrant liability(2)			$	594					$	—					$	—					$	594
Private warrant liability(2)			—						319						—						319
			$	594					$	319					$	—					$	913

			As of March 31, 2023
			Level 1						Level 2						Level 3						Total
Assets
Money market funds(1)			$	155					$	—					$	—					$	155
			$	155					$	—					$	—					$	155
Liabilities
Public warrant liability(2)			$	2,035					$	—					$	—					$	2,035
Private warrant liability(2)			—						1,094						—						1,094
			$	2,035					$	1,094					$	—					$	3,129

______________

(1)As of December 31, 2023 and March 31, 2023, the Company had cash equivalents held in a money market account. The Company has concluded that due to the highly liquid nature of the money market account, the carrying value approximates fair value, which represents a Level 1 input. The balance of cash equivalents held in the money market account is included in cash and cash equivalents.

(2)Included in accrued and other current liabilities.

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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