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Note 17 - Fair Value Measurements
 9 Months Ended
Dec. 31, 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 December 31, 2024

   $ -