XML 34 R23.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Note 17 - Fair Value Measurements
 3 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Fair Value Disclosures [Text Block]

Note 17 — Fair Value Measurements

 

The following table presents the fair value of the Company’s financial liabilities that are measured at fair value on a recurring basis (in thousands):

 

  

March 31, 2024

 
  

Fair

  

Hierarchy Level

 
  

Value

  

Level 1

  

Level 2

  

Level 3

 

Assets:

                

Prepaid expenses - common stock issued subject to market adjustment at settlement

 $-  $-  $-  $- 

Total

 $-  $-  $-  $- 
                 

Liabilities:

                

Bifurcated embedded derivative on Series A Preferred Stock

 $607  $-  $-  $607 
  $607  $-  $-  $607 

 

The following table presents a reconciliation of the Company’s financial liabilities that are measured at Level 3 within the fair value hierarchy (in thousands):

 

  

Amount

 

Balance as of March 31, 2024

 $607 

Change in fair value of bifurcated embedded derivatives, reported in earnings

  (607)

Balance as of June 30, 2024

 $-