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Segment Information
 6 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION

3. SEGMENT INFORMATION

 

The Company operates as a single reportable segment. The Company’s CODM, its Chief Executive Officer, reviews financial information on a consolidated basis to make operating decisions, assess financial performance, and allocate resources.

 

In evaluating performance, the CODM primarily assesses operating income (loss) and net income (loss), as reported within the Condensed Consolidated Statements of Operations and regularly reviews certain significant expense categories, including royalty expense; license, participation and technology costs; other direct operation costs; payroll and related expenses; professional services; advertising and marketing; amortization; and other general and administrative. These expense categories are considered key factors in managing the business and guiding resource allocation decisions. This approach ensures that the Company’s financial reporting reflects the way management monitors expenses and overall financial performance.

 

The following table presents financial information with respect to the Company’s single operating segment:

 

 

Three Months Ended September 30,

 

 

Six Months Ended
September 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Revenues

$

12,357

 

 

$

12,739

 

 

$

23,476

 

 

$

21,866

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Royalty expense

 

2,027

 

 

 

2,945

 

 

 

4,214

 

 

 

5,013

 

License, participation and technology costs

 

1,897

 

 

 

2,050

 

 

 

3,703

 

 

 

3,379

 

Other direct operating costs

 

1,290

 

 

 

1,005

 

 

 

2,104

 

 

 

2,073

 

Compensation and related

 

5,536

 

 

 

4,619

 

 

 

11,086

 

 

 

9,158

 

Professional services

 

1,486

 

 

 

710

 

 

 

2,682

 

 

 

1,784

 

Advertising and marketing

 

2,848

 

 

 

284

 

 

 

3,312

 

 

 

321

 

Other general and administrative

 

1,537

 

 

 

1,013

 

 

 

3,279

 

 

 

1,940

 

Depreciation and amortization

 

1,146

 

 

 

974

 

 

 

2,208

 

 

 

1,837

 

Total operating expenses

 

17,767

 

 

 

13,600

 

 

 

32,588

 

 

 

25,505

 

Operating loss

 

(5,410

)

 

 

(861

)

 

 

(9,112

)

 

 

(3,639

)

Interest (expense) income

 

(147

)

 

 

(337

)

 

 

131

 

 

 

(768

)

Other (expense) income, net

 

32

 

 

 

1

 

 

 

(46

)

 

 

167

 

Net loss before income taxes

 

(5,525

)

 

 

(1,197

)

 

 

(9,027

)

 

 

(4,240

)

Income tax expense

 

(20

)

 

 

(6

)

 

 

(34

)

 

 

(13

)

Net loss

$

(5,545

)

 

$

(1,203

)

 

$

(9,061

)

 

$

(4,253

)