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Investments and Fair Value Measurement | 9 Months Ended | 12 Months Ended
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Dec. 31, 2023 | Mar. 31, 2023
Investments, All Other Investments [Abstract] |  |
Investments and Fair Value Measurement | Note 3. Investments and Fair Value Measurement Investments in debt securities As of December 31, 2023, the Company held $2.0 million of investments in debt securities (which are included in the $5.3 million of cash and cash equivalents). For the three and nine months ended December 31, 2023, there was less than $0.1 million and $0.1 million, respectively, 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 December 31, 2023 (in thousands):
|  | Amortized costs basis |  |  | Gross unrealized gains |  |  | Gross unrealized losses |  |  | Fair value |
As of March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Investment in debt securities |  | $ | 4,943 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 4,945 |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Investment in debt securities |  | $ | 1,995 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,995 |
Investments in equity securities For the nine months ended December 31, 2023, there was $0.7 million of equity securities liquidated and less than a $0.1 million gain on the investment in equity securities. As of December 31, 2023, 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 investment in equity securities consists 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 nine months ended December 31, 2023 (in thousands):
|  | Investment in Equity Securities (in thousands) |
Balance at March 31, 2023 |  | $ | 706 |
Liquidation of equity securities |  |  | (718 | )
Gain on investment in equity securities |  |  | 12 |
Balance at December 31, 2023 |  | $ | — |
| Note 2. Investments and fair value measurement Investments in debt securities As of March 31, 2023, the Company held $4.9 million of investments in debt securities (which are included in the $15.3 million of cash and cash equivalents). For the year ended March 31, 2023, there was $0.3 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, 2023. 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, 2023 (in thousands):
|  | Amortized costs basis |  |  | Gross unrealized gains |  |  | Gross unrealized losses |  |  | Fair value |
As of March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Investment in debt securities |  | $ | 4,943 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 4,945 |
Investments in equity securities For the year ended March 31, 2023, there was $1.1 million of equity securities purchased, and $0.4 million of equity securities sold. As of March 31, 2023, the fair value of investment in equity securities was $0.7 million, resulting in less than a $0.1 million unrealized gain on investment in equity securities. 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, 2023 (in thousands):
|  | Investment in Equity Securities (in thousands) |
Balance at March 31, 2022 |  | $ | — |
Purchases at cost |  |  | 1,061 |
Sales |  |  | (384 | )
Gain on investment in equity securities |  |  | 29 |
Balance at March 31, 2023 |  | $ | 706 |

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- 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
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