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Shareholders' Equity (Tables)

6 Months Ended

Sep. 30, 2024

Shareholders' Equity [Abstract]

Derivative Warrant Liabilities Measured at Fair Value and Reconciliation of Changes in Fair Value

The derivative warrant liabilities are measured at fair value at each reporting period and the reconciliation of changes in fair value is presented in the following table:

		September 30, 2024				September 30, 2023
			$				$
Beginning balance			4,359				—
Issued during the period			—				1,631
Change in fair value			(1,756	)			1,826
Ending balance			2,603				3,457

Fair Value Assumptions

The fair value of derivative warrant liabilities were determined based on the fair value of the Common Warrants at the issue date and the reporting dates using the Black-Scholes model with the following weighted-average assumptions that will expire on the earlier of (i) the 60th day after the date of the acceptance by the FDA of an NDA for the Company’s product candidate GTx-104 or (ii) five years from the date on issuance.

		September 30, 2024				March 31, 2024
Risk-free interest rate			3.90	%			4.69	%
Share price		$	3.00			$	3.43
Expected warrant life			1.59				2.03
Dividend yield			0	%			0	%
Expected volatility			69.14	%			85.94	%

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- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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Tabular disclosure of derivative liabilities at fair value.

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No definition available.

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