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Stock-Based Compensation (Tables)

6 Months Ended

Sep. 30, 2024

Stock-Based Compensation [Abstract]

Schedule of Assumptions were used in the Fair-Value Method

The following assumptions were used in the fair-value method calculations:

		Three Months Ended September 30,								Six Months Ended September 30,
		2024				2023				2024				2023
Risk-free interest rates			3.4% - 4.1%				4.4% - 4.6%				3.5% - 4.4%				3.5% - 4.6%
Volatility			114% - 117%				127%				114% - 123%				82.6% - 152.2%
Expected life (years)			5.0 – 5.7				5.0 – 5.7				5.0 – 5.7				5.0 – 6.2

Schedule of Activity in the Shares

The following table summarizes the activity in the shares available for grant under the Plan during the six months ended September 30, 2024:

						Options Outstanding
										Weighted
		Shares								Average
		Available				Number of				Exercise
		for Grant				Shares				Prices
Balance at March 31, 2024			3,648,651				3,689,341			$	3.70
Share awards			(3,875	)			—				1.56
Options granted			(682,375	)			682,375				1.52
Options exercised			—				(7,530	)			1.08
Options cancelled and returned to the Plan			42,230				(42,230	)			2.62
Balance at June 30, 2024			3,004,631				4,321,956			$	3.36
Share awards			(3,875	)			—				2.28
Options granted			(483,673	)			483,673				1.81
Options cancelled and returned to the Plan			274,901				(274,901	)			1.51
Balance at September 30, 2024			2,791,984				4,530,728			$	3.33

Schedule of RSU Activity under the Plan

A summary of restricted stock unit (RSU) activity under the Plan is presented below.

						Weighted Average
		Number of Shares				Grant-Date Fair Value
Non-vested shares at March 31, 2024			187,499			$	0.91
Vested			(20,832	)		$	0.91
Non-vested shares at June 30, 2024			166,667			$	0.91
Vested			(20,833	)		$	0.91
Non-vested shares at September 30, 2024			145,834			$	0.91

Schedule of Outstanding and Exercisable Options

The following table summarizes the range of outstanding and exercisable options as of September 30, 2024:

		Options Outstanding												Options Exercisable
Range of Exercise Price		Number Outstanding				Weighted Average Remaining Contractual Life (in Years)				Weighted Average Exercise Price				Number Exercisable				Weighted Average Exercise Price				Aggregate Intrinsic value
$0.93 - $2.28			3,098,454				8.41			$	1.57				2,640,918			$	1.55			$	1,839,613
$3.95 - $7.51			933,145				6.69			$	5.30				836,533			$	5.42				—
$8.61 - $17.70			499,129				6.73			$	10.56				490,036			$	10.56				—
$0.93 - $17.70			4,530,728				7.87			$	3.33				3,967,487			$	3.48			$	1,839,613

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