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NET INCOME (LOSS PER) COMMON SHARE | 9 Months Ended
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Dec. 31, 2025
Earnings Per Share [Abstract] |
NET LOSS INCOME PER COMMON SHARE | NOTE 11 — NET INCOME (LOSS PER) COMMON SHARE Basic net income (loss) per common share is computed by dividing net income (loss) attributable to common shareholders by the weighted-average number of common shares outstanding for the period and does not consider common stock equivalents. Diluted net income (loss) per common share reflects the dilution that would occur if restricted shares were vested. In the computation of diluted net income (loss) per common share, Orion uses the treasury stock method for outstanding options and restricted shares. Net income (loss) per common share is calculated based upon the following shares:
|  | For the Three Months Ended December 31, |  |  | For the Nine Months Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) (in thousands) |  | $ | 160 |  |  | $ | (1,508 | ) |  | $ | (1,665 | ) |  | $ | (8,890 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding |  |  | 3,540,765 |  |  |  | 3,292,332 |  |  |  | 3,457,481 |  |  |  | 3,278,711 |
Weighted-average common shares and common share equivalents outstanding |  |  | 3,637,008 |  |  |  | 3,292,332 |  |  |  | 3,457,481 |  |  |  | 3,278,711 |
Net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.05 |  |  | $ | (0.46 | ) |  | $ | (0.48 | ) |  | $ | (2.71 | )
Diluted |  | $ | 0.04 |  |  | $ | (0.46 | ) |  | $ | (0.48 | ) |  | $ | (2.71 | )
The following table indicates the number of potentially dilutive securities included in the calculation of Diluted net income (loss) per common share. The number of shares is as of the end of each period:
|  | For the Three Months Ended December 31, |  |  | For the Nine Months Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Time-Based Restricted shares |  |  | 101,813 |  |  |  | 132,956 |  |  |  | 101,813 |  |  |  | 132,956 |
Performance-Based Restricted shares |  |  | 80,161 |  |  |  | 152,994 |  |  |  | 80,161 |  |  |  | 152,994 |
Time-Based Non-Qualified Stock Option |  |  | 26,555 |  |  |  | — |  |  |  | 26,555 |  |  |  | — |
Performance-Based Non-Qualified Stock Option |  |  | 50,000 |  |  |  | — |  |  |  | 50,000 |  |  |  | — |
Total |  |  | 258,529 |  |  |  | 285,949 |  |  |  | 258,529 |  |  |  | 285,949 |

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