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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Revenue: $ 12,710 $ 10,442 $ 38,022 $ 31,595
Operating expenses:        
Cost of sales 11,983 9,387 34,834 26,666
Sales and marketing 894 732 2,618 3,433
Product development 9 15 40 70
General and administrative 1,281 2,601 4,130 4,736
Impairment of intangibles 0 0 176 0
Amortization of intangible assets 125 307 830 523
Total operating expenses 14,292 13,042 42,628 35,428
(Loss) income from operations (1,582) (2,600) (4,606) (3,833)
Other income (expense):        
Interest expense, net 0 0 0 (2,247)
Change in fair value of bifurcated embedded derivatives 0 0 0 (7,603)
Total other (expense) income, net 0 0 0 (9,850)
Loss before provision for income taxes (1,582) (2,600) (4,606) (13,683)
Provision for income taxes 1 0 12 0
Net loss $ (1,583) $ (2,600) $ (4,618) $ (13,683)
Net loss per share – basic and diluted (in dollars per share) $ (0.06) $ (0.11) $ (0.19) $ (0.64)
Weighted average common shares – basic and diluted (in shares) 24,535,258 23,072,179 24,133,630 21,252,375