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STOCK OPTIONS AND RESTRICTED SHARES (Tables)

9 Months Ended

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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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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