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ACCRUED EXPENSES AND OTHER (Tables) | 9 Months Ended
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Dec. 31, 2025
Other Liabilities Disclosure [Abstract] |
Schedule of Accrued Expenses and Other | As of December 31, 2025, and March 31, 2025, accrued expenses and other included the following (dollars in thousands):
|  | December 31, 2025 |  |  | March 31, 2025 |
Accrued acquisition earnout |  | $ | — |  |  | $ | 3,263 |
Other accruals |  |  | 2,454 |  |  |  | 2,180 |
Compensation and benefits |  |  | 2,517 |  |  |  | 2,424 |
Credits due to customers |  |  | 1,104 |  |  |  | 1,581 |
Accrued project costs |  |  | 1,777 |  |  |  | 2,283 |
Warranty |  |  | 388 |  |  |  | 449 |
Sales returns reserve |  |  | 55 |  |  |  | 273 |
Sales tax |  |  | 207 |  |  |  | 177 |
Legal and professional fees |  |  | 215 |  |  |  | 98 |
Total |  | $ | 8,717 |  |  | $ | 12,728 |
Changes in Warranty Accrual | Changes in Orion’s warranty accrual (both current and long-term) were as follows (dollars in thousands):
|  | For the Three Months Ended December 31, |  |  | For the Nine Months Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Beginning of period |  | $ | 621 |  |  | $ | 692 |  |  | $ | 640 |  |  | $ | 725 |
Accruals |  |  | 107 |  |  |  | 88 |  |  |  | 251 |  |  |  | 259 |
Warranty claims (net of vendor reimbursements) |  |  | (144 | ) |  |  | (122 | ) |  |  | (307 | ) |  |  | (326 | )
End of period |  | $ | 584 |  |  | $ | 658 |  |  | $ | 584 |  |  | $ | 658 |
As of March 31, 2025, the balance of the accrued Voltrek Acquisition earnout was $3.3 million. During the second quarter, Orion issued common stock to the prior owner of Voltrek with a value of $1 million and paid $875 thousand in cash as partial payment of the accrued acquisition earnout. See Note 12 below for additional details around the remaining accrued earnout liability. These compensatory payments have been expensed over the course of the earnout periods to the extent they were or are earned. On June 23, 2025, Orion entered into a binding term sheet (the “Initial Term Sheet”) with respect to its remaining earnout obligations owed to the prior owner of Voltrek pursuant to the Voltrek Acquisition, and on July 31, 2025, Orion entered into an amendment to the Initial Term Sheet (the "Term Sheet Amendment"), each as further described in Note 12 below. Pursuant to the Initial Term Sheet, as amended by the Term Sheet Amendment (the “Term Sheet”), on September 30, 2025, Orion, as borrower, Great Lakes Energy Technologies, LLC (“Great Lakes”), Clean Energy Solutions, LLC (“Clean Energy”), Orion Asset Management, LLC (“Asset Management”), Orion Technologies Ventures, LLC (“Orion Technology”, and together with Voltrek, Clean Energy, Asset Management and Orion Technology, the “Company Subsidiaries”) and Voltrek, as guarantors, and Final Frontier, as lender, entered into a senior subordinated loan agreement (the “Subordinated Loan Agreement”), pursuant to which Final Frontier agreed to defer payment of the Remaining Earnout Amount (as defined below) by Orion pursuant to the terms of the Subordinated Loan Agreement. Orion’s obligation to pay the Remaining Earnout Amount is further evidenced by a senior subordinated note issued by Orion under the Subordinated Loan Agreement (the “Senior Subordinated Note”).

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-8 + Details
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