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Fair Value Measurements
6 Months Ended
Sep. 30, 2024
Fair Value Measurements [Abstract]  
Fair Value Measurements
3. Fair Value Measurements

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2024 are as follows:

   
Total
   
Quoted prices in
active markets
(Level 1)
   
Significant other
observable
inputs (Level 2)
   
Significant
unobservable
inputs (Level 3)
 
   
$
   
$
   
$
   
$
 
Assets
                               
Treasury bills and term deposits classified as cash equivalents
   
14,137
     
14,137
     
     
 
Guaranteed investment certificate classified as short-term investments
   
15
     
15
     
     
 
Total assets
   
14,152
     
14,152
     
     
 
Liabilities
                               
Derivative warrant liabilities
   
2,603
     
     
     
2,603
 
Total liabilities
   
2,603
     
     
     
2,603
 

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 are as follows:

   
Total
   
Quoted prices
in active
markets
(Level 1)
   
Significant other
observable
inputs (Level 2)
   
Significant
unobservable
inputs (Level 3)
 
   
$    

$    

$    

$  
Assets
                               
Guaranteed investment certificates and term deposits classified as cash equivalents
   
19,725
     
19,725
     
     
 
Total assets
   
19,725
     
19,725
     
     
 
Liabilities
                               
Derivative warrant liabilities
   
4,359
     
     
     
4,359
 
Total liabilities
   
4,359
     
     
     
4,359
 

There were no changes in valuation techniques or transfers between Levels 1, 2 or 3 during the three and the six months ended September 30, 2024. The Company’s derivative warrant liabilities are measured at fair value on a recurring basis using unobservable inputs that are classified as Level 3 inputs. Refer to Note 8 for the valuation techniques and assumptions used in estimating the fair value of the derivative warrant liabilities.