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Segment Reporting | 3 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The Company has a single segment that derives sales from customers through the sale of products which are shipped directly to customers. The accounting policies of the Company's single segment are the same as those described in the Company's Significant Accounting Policies. The Company’s chief operating decision maker (“CODM”) is the Chief Executive Officer. The CODM assesses performance for the segment and decides how to allocate resources based on consolidated net income and Adjusted EBITDA that is reconciled to GAAP net loss reported on the accompanying Consolidated Statements of Operations below. The CODM uses consolidated net income and Adjusted EBITDA to evaluate income generated from segment assets in deciding whether to reinvest profits into the segment or into other parts of the entity. Adjusted EBITDA is used to monitor budget versus actual results and forecast versus actual results and is utilized when establishing management’s compensation in collaboration with the Board of Directors. Consolidated net income and Adjusted EBITDA should only be considered as supplemental to, and alongside with, other GAAP based financial performance measures, including various cash flow metrics, net income, net margin, and our other GAAP results. The table below provides a summary of significant expense categories regularly provided to the CODM reconciled to Adjusted EBITDA, as well as a reconciliation of Adjusted EBITDA to net (loss) income, for the three months ended June 30, 2025 and 2024. The CODM does not review segment assets at a different asset level or category than those disclosed within the consolidated balance sheets.
|  | Three Months Ended
($ in thousands) |  | June 30, 2025 |  | June 30, 2024 (As Restated)
Net Sales |  | 51,180 |  | 66,207
Significant expense categories: |  |  |  |
Cost of sales |  | 36,777 |  | 47,170
Advertising |  | 6,046 |  | 8,056
Other segment expenses (1) |  | 11,054 |  | 12,519
Adjusted EBITDA |  | $ | (2,697) |  |  | $ | (1,538) |
(Add) subtract: |  |  |  |
Share-based compensation expense (reversal) |  | 591 |  | (8,205)
Income taxes |  | 9 |  | 958
Depreciation and amortization |  | 2,283 |  | 1,721
Interest expense (income), net |  | 198 |  | (95)
Acquisition/Partnership transactions and other items |  | — |  | 180
Employee severance |  | 95 |  | 149
Professional fees (2) |  | 1,021 |  | —
Impairment of goodwill and intangible assets |  | 27,258 |  | —
Net (loss) income |  | $ | (34,152) |  |  | $ | 3,754 |
(1) Consists of all other expenses on an Adjusted EBITDA basis, including salaries and wages, operating expenses such as utilities, insurance, professional fees, etc. (2) Consists of professional fees related to the investigation.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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