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Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2025
Mar. 31, 2024
Operating expenses:        
Research and development $ 1,593 $ 954 $ 4,725 $ 2,225
General and administrative 1,828 1,799 6,863 5,249
Total operating expenses 3,421 2,753 11,588 12,030
Loss from operations (3,421) (2,753) (11,588) (12,030)
Other income (expense):        
Interest expense 0 (41) (176) (79)
Interest income 84 95 354 127
Total other income (expense) 84 54 178 (3,396)
Loss before income taxes (3,337) (2,699) (11,410) (15,426)
Income taxes 0 0 0 0
Net loss $ (3,337) $ (2,699) $ (11,410) $ (15,426)
Loss per share - basic and diluted (in dollars per share) $ (1.07) $ (2.2) $ (6.46) $ (14.82)
Weighted average shares outstanding - basic and diluted (in shares) 3,105,156 1,225,423 1,766,425 1,040,720