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Leases (Tables)
3 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Lease Liabilities and Corresponding Right-of-use Assets

The table below summarizes the Company’s lease liabilities and corresponding right-of-use assets as of June 30, 2025 (in thousands except the year and percentage):

 

 

 

June 30, 2025

 

ASSETS

 

 

 

Operating lease right-of-use assets

 

$

755

 

Total lease right-of-use assets

 

$

755

 

 

 

 

 

LIABILITIES

 

 

 

Current

 

 

 

Operating lease liability

 

$

524

 

Noncurrent

 

 

 

Operating lease liability, net of current portion

 

$

298

 

Total lease liabilities

 

$

822

 

 

 

 

 

Weighted average remaining lease term:

 

1.58

 

Weighted average discount rate:

 

 

6

%

Schedule of Future Lease Payments

 

Fiscal year ending March 31, 2026

 

 

404

 

Fiscal year ending March 31, 2027

 

 

460

 

Total future lease payments

 

 

864

 

Less: Imputed interest

 

 

(42

)

Total lease obligations

 

 

822

 

Less: Current obligations

 

 

(524

)

Noncurrent lease obligations

 

$

298