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7. FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Mar. 31, 2025
FINANCIAL INSTRUMENTS  
Schedule of fair value of financial assets and liabilities measured on a recurring basis

The fair value of financial assets and liabilities measured on a recurring basis is as follows (in thousands):

Fair Value Measurements at Reporting Date Using

Quoted Prices

in Active

Significant

Markets for

Other

Significant

Identical Assets

Observable

Unobservable

and Liabilities

Inputs

Inputs

    

March 31, 2025

    

(Level 1)

    

(Level 2)

    

(Level 3)

 

Assets:

Money market funds

$

4,836

$

4,836

$

$

Total

$

4,836

$

4,836

$

$

Fair Value Measurements at Reporting Date Using

Quoted Prices

in Active

Significant

Markets for

Other

Significant

Identical Assets

Observable

Unobservable

and Liabilities

Inputs

Inputs

    

March 31, 2024

    

(Level 1)

    

(Level 2)

    

(Level 3)

 

Assets:

Money market funds

$

5,676

$

5,676

$

$

Total

$

5,676

$

5,676

$

$

Liabilities:

Contingent consideration

$

160

$

$

$

160

Schedule of changes in fair value of contingent consideration

Year Ended March 31, 

    

2025

    

2024

    

2023

(In thousands)

Contingent consideration, beginning of period

$

160

$

1,052

$

2,738

Change due to accretion

8

108

222

Re-measurement of contingent consideration

(168)

(1,000)

(1,908)

Contingent consideration, end of period

$

$

160

$

1,052