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WARRANT LIABILITY (Tables)
 9 Months Ended
Dec. 31, 2022
Warrant Liability  
Schedule of warrant liability
               
   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.