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STOCK OPTIONS AND RESTRICTED SHARES (Tables) | 9 Months Ended
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Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Summary of stock-based Compensation | The following amounts of Orion's consolidated stock-based compensation were recorded (dollars in thousands):
|  | For the Three Months Ended December 31, |  |  | For the Nine Months Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Cost of product revenue |  | $ | (4 | ) |  | $ | 1 |  |  | $ | — |  |  | $ | 5 |
General and administrative |  |  | (14 | ) |  |  | 175 |  |  |  | 282 |  |  |  | 793 |
Sales and marketing |  |  | 14 |  |  |  | 2 |  |  |  | 35 |  |  |  | 17 |
Research and development |  |  | 1 |  |  |  | 2 |  |  |  | 3 |  |  |  | 7 |
Total |  | $ | (3 | ) |  | $ | 180 |  |  | $ | 320 |  |  | $ | 822 |
Summary of performance-vesting restricted stock and time vesting-restricted stock | The following table summarizes information with respect to performance-vesting restricted stock and time vesting-restricted stock activity:
|  | Time-Based Restricted Shares |  |  | Performance-Based Restricted Shares |
|  | Shares |  |  | Weighted Average Fair Value Price |  |  | Shares |  |  | Weighted Average Fair Value Price |
Balance at March 31, 2025 |  |  | 133,159 |  |  | $ | 13.00 |  |  |  | 152,994 |  |  | $ | 14.30 |
Shares issued |  |  | 48,000 |  |  | $ | 5.93 |  |  |  | — |  |  | $ | — |
Shares vested |  |  | (67,559 | ) |  | $ | 14.81 |  |  |  | — |  |  | $ | — |
Shares forfeited |  |  | (11,787 | ) |  | $ | 10.19 |  |  |  | (72,833 | ) |  | $ | 14.37 |
Shares outstanding at December 31, 2025 |  |  | 101,813 |  |  | $ | 8.80 |  |  |  | 80,161 |  |  | $ | 12.80 |
Summary of Stock Options Activity | The following table summarized information with respect to performance-based option and time-based option activity:
|  | Time-Based Options |  |  | Performance-Based Options |
|  | Options |  |  | Weighted Average Exercise Price |  |  | Options |  |  | Weighted Average Exercise Price |
Balance at March 31, 2025 |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
Options granted |  |  | 26,555 |  |  | $ | 6.21 |  |  |  | 50,000 |  |  | $ | 6.00 |
Options outstanding at December 31, 2025 |  |  | 26,555 |  |  | $ | 6.21 |  |  |  | 50,000 |  |  | $ | 6.00 |

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