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COMMON STOCK (Tables) | 9 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Outstanding Lender Warrants | The following summarizes the Company's outstanding Lender Warrants (in thousands, except exercise price):
| December 2018 Warrants |  | June 2020 Warrants |  | June 2023 Warrants |  | May 2024 Warrants |  | July 2024 Warrants |  | August 2024 Warrants |  | Total
March 31, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |
Exercise price | $26.60 |  | $55.40 |  | $20.00 |  | n/a |  | n/a |  | n/a |  |
Number shares under warrant(s) | 357 |  |  | 184 |  |  | 63 |  |  | n/a |  | n/a |  | n/a |  | 604 |
Fair value | $ | 2,320 |  |  | $ | 1,135 |  |  | $ | 591 |  |  | n/a |  | n/a |  | n/a |  | $ | 4,046 |
December 31, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |
Exercise price | $6.20 - $26.04 |  | $6.20 - $54.19 |  | $6.20 |  | $6.20 |  | $6.20 |  | $6.20 |  |
Number shares under warrant(s) | 220 |  |  | 114 |  |  | 63 |  |  | 38 |  |  | 19 |  |  | 224 |  | 678 |
Fair value | $ | 10,518 |  |  | $ | 5,369 |  |  | $ | 3,336 |  |  | $ | 1,979 |  |  | $ | 989 |  |  | $ | 11,814 |  |  | $ | 34,005 |
Summary of Changes in Level 2 Liabilities | The table below sets forth a summary of changes in the fair value of the Company’s Level 2 warrant liabilities as of December 31, 2023 and 2024:
Balance as of March 31, 2023 | $ | 7,989 |  |  |  |  |  |  |  |  |
Issuance of warrants | 1,194 |  |  |  |  |  |  |  |  |
Change in fair value of warrant liabilities | (7,340) |  |  |  |  |  |  |  |  |
Balance as of December 31, 2023 | $ | 1,843 |  |  |  |  |  |  |  |  |
Balance as of March 31, 2024 | $ | 4,046 |  |  |  |  |  |  |  |  |
Issuance of warrants | 3,157 |  |  |  |  |  |  |  |  |
Exercise of warrants | (30,118) |  |  |  |  |  |  |  |  |
Change in fair value of warrant liabilities | 56,408 |  |  |  |  |  |  |  |  |
Repricing adjustment | 512 |  |  |  |  |  |  |  |  |
Balance as of December 31, 2024 | $ | 34,005 |  |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 + Details
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