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Stock-Based Compensation (Tables) | 12 Months Ended
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Mar. 31, 2025
Stock-Based Compensation [Abstract] |
Schedule of Weighted-Average Grant Date Fair Values of Stock Options Granted | The following assumptions were used in the fair-value method calculations:
|  |  | Year Ended March 31, |
|  |  | 2025 |  |  |  | 2024 |
Risk-free interest rates |  |  | 3.45% - 4.49% |  |  |  | 3.51% - 4.72% |
Volatility |  |  | 107% - 123% |  |  |  | 83% - 152% |
Expected life (years) |  |  | 5.0 - 5.7 |  |  |  | 5.0 – 6.2 |
Dividend yield |  |  | — |  |  |  | — |
Schedule of Shares Available for Grant Under the Plan | The following table summarizes the activity in the shares available for grant under the Plan during the years ended March 31, 2025 and 2024:
|  |  |  |  | Options Outstanding |
|  | Shares Available for Grant |  |  | Number of Shares |  |  | Weighted Average Exercise Price ($) |
Balance at March 31, 2023 |  |  | 2,132,292 |  |  |  | 2,481,090 |  |  |  | 5.19 |
Additional shares authorized under the Plan |  |  | 3,000,000 |  |  |  | — |  |  |  | — |
Options granted |  |  | (1,448,533 | ) |  |  | 1,448,533 |  |  |  | 0.99 |
Share awards |  |  | (25,390 | ) |  |  | — |  |  |  | — |
RSUs granted |  |  | (250,000 | ) |  |  | — |  |  |  | — |
Options cancelled and returned to the Plan |  |  | 240,282 |  |  |  | (240,282 | ) |  |  | 3.84 |
Balance at March 31, 2024 |  |  | 3,648,651 |  |  |  | 3,689,341 |  |  |  | 3.70 |
Additional shares authorized under the Plan |  |  | 3,000,000 |  |  |  | — |  |  |  | — |
Options granted |  |  | (1,579,798 | ) |  |  | 1,579,798 |  |  |  | 1.55 |
Options exercised |  |  | — |  |  |  | (7,530 | ) |  |  | 1.08 |
Share awards |  |  | (15,500 | ) |  |  | — |  |  |  | — |
Options cancelled and returned to the Plan |  |  | 344,519 |  |  |  | (344,519 | ) |  |  | 1.55 |
Balance at March 31, 2025 |  |  | 5,397,872 |  |  |  | 4,917,090 |  |  |  | 3.17 |
Schedule of RSU Activity under the Plan | A summary of RSU activity under the Plan is presented below.
|  | Number of |  |  | Weighted Average Grant- Date Fair Value |
|  | Shares |  |  | ($) |
Balance at March 31, 2023 |  |  | — |  |  |  | — |
Granted |  |  | 250,000 |  |  |  | 0.91 |
Vested |  |  | (62,501 | ) |  |  | 0.91 |
Balance at March 31, 2024 |  |  | 187,499 |  |  |  | 0.91 |
Vested |  |  | (83,331 | ) |  |  | 0.91 |
Balance at March 31, 2025 |  |  | 104,168 |  |  |  | 0.91 |
Schedule of Outstanding and Exercisable Options | The following table summarizes the range of outstanding and exercisable options as of March 31, 2025:
|  | Options Outstanding |  |  | Options Exercisable |
|  |  |  |  | Weighted |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Average |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Remaining |  |  | Weighted |  |  |  |  |  | Weighted |  |  |  |
|  |  |  |  | Contractual |  |  | Average |  |  |  |  |  | Average |  |  | Aggregate |
|  | Number |  |  | Life |  |  | Exercise |  |  | Number |  |  | Exercise |  |  | Intrinsic |
Range of Exercise Price |  | Outstanding |  |  | (in Years) |  |  | Price ($) |  |  | Exercisable |  |  | Price ($) |  |  | Value ($) |
$0.87 - $2.28 |  |  | 3,484,816 |  |  |  | 8.13 |  |  |  | 1.54 |  |  |  | 2,195,001 |  |  |  | 1.56 |  |  |  | 13,279 |
$3.95 - $7.51 |  |  | 933,145 |  |  |  | 6.19 |  |  |  | 5.30 |  |  |  | 906,631 |  |  |  | 5.33 |  |  |  | — |
$8.61 - $17.70 |  |  | 499,129 |  |  |  | 6.23 |  |  |  | 10.56 |  |  |  | 499,129 |  |  |  | 10.56 |  |  |  | — |
$0.87 - $17.70 |  |  | 4,917,090 |  |  |  | 7.57 |  |  |  | 3.17 |  |  |  | 3,600,761 |  |  |  | 3.76 |  |  |  | 13,279 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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