XML 22 R10.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

Investments and Fair Value Measurement | 12 Months Ended
--- | ---
Mar. 31, 2024
Investments, All Other Investments [Abstract] |
Investments and Fair Value Measurement | Note 2. Investments and fair value measurement Investments in debt securities As of March 31, 2024, the Company held $1.0 million of investments in debt securities (which are included in the $2.9 million of cash and cash equivalents). For the year ended March 31, 2024, there was $0.1 million of interest income related to the investments in debt securities. There were less than $0.1 million of unrealized gains recorded on investments in debt securities for the year ended March 31, 2024. As the investments in debt securities consist of U.S. Treasury bills from active markets, the fair value is measured using level 1 inputs. The following table summarizes the Company's investments in debt securities that are measured at fair value as of March 31, 2024 and 2023 (in thousands):
|  | Amortized costs basis |  |  | Gross unrealized gains |  |  | Gross unrealized losses |  |  | Fair value |
As of March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Investments in debt securities |  | $ | 997 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 998 |
As of March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Investments in debt securities |  | $ | 4,943 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 4,945 |
Investments in equity securities For the year ended March 31, 2024, $0.7 million of equity securities were liquidated and there was less than a $0.1 million gain on the investment in equity securities. As of March 31, 2024, the fair value of investment in equity securities was zero, as a result of the liquidation of the shares by the underlying company on June 26, 2023. As the investments in equity securities consist of common stock from active markets, the fair value is measured using level 1 inputs. The following table presents the activity for investments in equity securities measured at fair value for the year ended March 31, 2024 (in thousands):
|  | Investment in Equity Securities (in thousands) |
Balance at March 31, 2023 |  | $ | 706 |
Sales |  |  | (718 | )
Gain on investment in equity securities |  |  | 12 |
Balance at March 31, 2024 |  | $ | — |

X
- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org//321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org//325/tableOfContent + Details
Name: | us-gaap_InvestmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsAllOtherInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration