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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Summary of Investments that are Measured at Fair Value

The following table summarizes the Company's investments that are measured at fair value as of December 31, 2022 (in thousands):

Fair Value Measurements Using Quoted Prices in Active Markets (Level 1)

 

 

 

Amortized costs basis

 

 

Gross unrealized gains

 

 

Gross unrealized losses

 

 

Fair value

 

As of December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale debt securities

 

$

9,951

 

 

$

3

 

 

$

—

 

 

$

9,954

 

Total investments (included in cash and cash equivalents)

 

$

9,951

 

 

$

3

 

 

$

—

 

 

$

9,954

 
Schedule of Activity for Investments in Equity Securities Measured at Fair Value

The following table presents the activity for investments in equity securities measured at fair value for the nine months ended December 31, 2022 (in thousands):

Fair Value Measurements Using Quoted Prices in Active Markets (Level 1)

 

 

 

Investment in Equity Securities
(in thousands)

 

Balance at March 31, 2022

 

$

—

 

Purchases at cost

 

 

1,061

 

Sales

 

 

(384

)

Loss on investment in equity securities

 

 

(123

)

Balance at December 31, 2022

 

$

554