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Investments
9 Months Ended
Dec. 31, 2022
Investments All Other Investments [Abstract]  
Investments

Note 3. Investments

Investments consist of investments in debt securities, specifically in U.S. Treasury bills. There were less than $0.1 million of unrealized gains recorded on investments for the three and nine months ended December 31, 2022. As of December 31, 2022, the Company held $10.0 million of investments in 3-month treasury bills (which are included in the $20.2 million of cash and cash equivalents). For the three and nine months ended December 31, 2022, there was less than $0.1 million and $0.2 million of interest income related to the investments, respectively.

Investments in equity securities consist of investments in the common stock of an entity traded in active markets. For the nine months ended December 31, 2022, there was $1.1 million of equity securities purchased, and $0.4 million of equity securities sold. As of December 31, 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.