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Investments
 6 Months Ended
Sep. 30, 2022
Investments All Other Investments [Abstract]  
Investments

Note 3. Investments

Short-term investments consist of investments in debt securities, specifically in U.S. Treasury bills. There were no unrealized gains or losses recorded on short-term investments for the three and six months ended September 30, 2022. As of September 30, 2022, the Company held $10.0 million of short-term investments in six month treasury bills. For the three and six months ended September 30, 2022, there was less than $0.1 million of interest income related to the short-term investments.

Investments in equity securities consist of investments in the common stock of entities traded in active markets. For the six months ended September 30, 2022, there was $1.1 million of equity securities purchased, and $0.4 million of equity securities sold. As of September 30, 2022, the fair value of investment in equity securities was $0.6 million, resulting in a $0.1 million unrealized loss on investment in equity securities.