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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Mar. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 9,232 $ 3,799
Prepaid expenses and other 465 147
Security deposit 100
TOTAL CURRENT ASSETS 9,697 4,046
Property and equipment, net 2,975 1,721
Right of use asset, net 1,135 1,478
TOTAL NON-CURRENT ASSETS 4,110 3,199
TOTAL ASSETS 13,807 7,245
CURRENT LIABILITIES    
Accounts payable 802 285
Accrued expenses 280 339
Short-term lease liabilities 373 355
TOTAL CURRENT LIABILITIES 1,455 979
Long-term lease liabilities 817 1,190
TOTAL LIABILITIES 2,272 2,169
Commitments and Contingencies (Note 8)
STOCKHOLDERS’ EQUITY    
Preferred Stock, $0.001 par value, 5,000 shares authorized, none issued and outstanding
Common Stock, $0.001 par value, 100,000 and 50,000 shares authorized as of March 31, 2024 and 2023, respectively; 32,464 and 10,949 shares issued and outstanding as of March 31, 2024 and 2023, respectively 32 11
Additional paid-in capital 77,432 53,524
Accumulated deficit (65,929) (48,459)
TOTAL STOCKHOLDERS’ EQUITY 11,535 5,076
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,807 $ 7,245