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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Current Assets    
Cash and cash equivalents $ 9,055 $ 11,312
Accounts receivable 32 30
Prepaid expenses and other current assets 592 789
Total current assets 9,679 12,131
Fixed assets, net 359 419
Restricted cash 143 143
Operating lease right-of-use assets 755 867
Escrow receivable 1,004 1,000
Prepaid expenses and other assets, net 38 90
Total assets 11,978 14,650
Current Liabilities    
Accounts payable 673 1,644
Accrued expenses 727 1,226
Insurance premium financing liability 0 128
Liability to be settled in equity 218 218
Operating lease liability, current portion 524 521
Total current liabilities 2,142 3,737
Operating lease liability, net of current portion 298 421
Total liabilities 2,440 4,158
Commitments and Contingencies (Note 6)
Stockholders’ Equity    
Common stock, $0.001 par value; 200,000,000 shares authorized, 2,599,797 and 1,898,068 shares issued and outstanding at June 30, 2025 and March 31, 2025, respectively 3 2
Additional paid-in capital 354,535 352,648
Accumulated deficit (345,000) (342,157)
Treasury stock, 3 shares at cost 0 (1)
Total stockholders’ equity 9,538 10,492
Total Liabilities and Stockholders’ Equity $ 11,978 $ 14,650