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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities        
Net loss $ (3,264) $ (3,500) $ (9,800) $ (9,537)
Adjustments to reconcile net loss to net cash used in operating activities:        
Loss on investment in equity securities 48 0 123 0
Accretion on investments     (104) 0
Depreciation and amortization     234 96
Stock-based compensation 544 588 1,877 1,429
Increase (decrease) in cash resulting from changes in:        
Accounts receivable     (76) 0
Prepaid expenses and other assets     18 288
Accounts payable     (173) 324
Accrued expenses     157 486
Operating lease right-of-use assets and liabilities, net     69 2
Net cash used in operating activities     (7,675) (6,912)
Cash Flows From Investing Activities        
Purchases of fixed assets     (234) (356)
Purchases of investments     (9,893) 0
Maturities of investments     10,000 0
Purchases of equity securities     (1,061) 0
Sales of equity securities     384 0
Net cash used in investing activities     (804) (356)
Cash Flows From Financing Activities        
Proceeds from issuance of common stock, net     0 251
Employee taxes paid related to net share settlement of equity awards     0 (46)
Net cash provided by financing activities     0 205
Net decrease in cash, cash equivalents, and restricted cash     (8,479) (7,063)
Cash, cash equivalents, and restricted cash at beginning of period     28,818 37,475
Cash, cash equivalents, and restricted cash at end of period 20,339 30,412 20,339 30,412
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets        
Cash and cash equivalents 20,196 30,269 20,196 30,269
Restricted cash 143 143 143 143
Cash, cash equivalents, and restricted cash at end of period $ 20,339 $ 30,412 20,339 30,412
Supplemental Disclosure of Cash Flow Information:        
Income taxes paid     $ (2) $ (2)