XML 17 R11.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Investments and Fair Value Measurement
 3 Months Ended
Jun. 30, 2024
Investments, All Other Investments [Abstract]  
Investments and Fair Value Measurement

Note 3. Investments and Fair Value Measurement

 

Investments in debt securities

As of June 30, 2024, the Company held $1.5 million of investments in debt securities (which are included in the $6.2 million of cash and cash equivalents). For the three months ended June 30, 2024, there was less than $0.1 million of interest income related to the investments in debt securities. 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 June 30, 2024 and March 31, 2024, respectively (in thousands):

 

 

 

Amortized costs basis

 

 

Gross unrealized gains

 

 

Gross unrealized losses

 

 

Fair value

 

As of June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Investment in debt securities

 

$

1,490

 

 

$

—

 

 

$

—

 

 

$

1,490

 

As of March 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Investment in debt securities

 

$

997

 

 

$

1

 

 

$

—

 

 

$

998