XML 28 R18.htm IDEA: XBRL DOCUMENT v3.22.4
WARRANT LIABILITY
 9 Months Ended
Dec. 31, 2022
Warrant Liability  
WARRANT LIABILITY

NOTE 13. WARRANT LIABILITY

 

Below is the roll-forward of warrants issued by entity:

 

               
   PBI
   Exercise Price  Warrants  Amount
         In 000’$
Warrants outstanding, April 1, 2022  $6.64    33,888   $33 
Fair value adjustment as of December 31, 2022 (1)   –    (33,888)   (33)
Warrants outstanding, December 31, 2022  $–    –   $– 

 

(1)The Company recognized a gain of $0.001 million and $0.033 million in the three and nine months ended December 31, 2022, respectively, to reflect the change in fair value of the underlying warrants. The Company recognized a gain of $0.342 million and $0.726 million in the three and nine months ended December 31, 2021, respectively, to reflect the change in fair value of the underlying warrants. The warrants expired in October 2022 unexercised.