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Income Taxes (Tables) | 12 Months Ended
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Mar. 31, 2026
Income Tax Disclosure [Abstract] |
Summary of (Loss) Income Before Income Tax Expense by Jurisdiction | The following table summarizes the (loss) income before income tax expense by jurisdiction for the period indicated (in thousands):
| March 31, 2026 |  |  | March 31, 2025 |
Pre-tax book income (loss) |  |  |  |  |
Domestic | $ | (13,841 | ) |  | $ | (2,486 | )
Foreign |  | — |  |  |  | — |
Total | $ | (13,841 | ) |  | $ | (2,486 | )
Summary of Reconciliation of Statutory Federal Rate and Effective Rate for Operations | A reconciliation of the statutory federal rate and the effective rate, for operations, is as follows for the years ended March 31, 2026 and 2025 (in thousands, except percentages):
| March 31, 2026 |  |  |  |  | March 31, 2025 |  |  |
Income taxes (benefit) at statutory federal rate | $ | (2,907 | ) |  | 21.0 | % |  | $ | (522 | ) |  | 21.0 | %
State and local taxes, net of federal benefit (1) |  | (21 | ) |  | 0.2 | % |  |  | (31 | ) |  | 1.2 | %
Tax credits |  | (179 | ) |  | 1.3 | % |  |  | (321 | ) |  | 12.9 | %
Changes in valuation allowance |  | 152 |  |  | (1.1 | )% |  |  | (141 | ) |  | 5.7 | %
Nontaxable or nondeductible items |  |  |  |  |  |  |  |  |
Change in fair value of derivative liability |  | 568 |  |  | (4.1 | )% |  |  | — |  |  | 0.0 | %
Stock-based compensation |  | 55 |  |  | (0.4 | )% |  |  | 75 |  |  | (3.0 | )%
Financing fees |  | 156 |  |  | (1.1 | )% |  |  | — |  |  | 0.0 | %
Other |  |  |  |  |  |  |  |  |
Removal of federal net operating losses and research development credits |  | 2,126 |  |  | (15.4 | )% |  |  | 867 |  |  | (34.9 | )%
Other true-ups |  | (7 | ) |  | 0.0 | % |  |  | (21 | ) |  | 1.0 | %
Changes in unrecognized tax benefits |  | 59 |  |  | (0.4 | )% |  |  | 96 |  |  | (3.9 | )%
Provision for income taxes | $ | 2 |  |  | (0.0 | )% |  | $ | 2 |  |  | 0.0 | %
(1) State taxes in California comprise the majority (greater than 50%) of the tax effect in this category. For the years ended March 31, 2026 and 2025, federal and state income tax payments were insignificant and therefore are not presented in disaggregated detail.
Summary of Net Deferred Tax Assets | Significant components of the Company’s net deferred tax assets are as follows as of March 31, 2026 and 2025 (in thousands, except percentages):
| March 31, 2026 |  |  | March 31, 2025 |
Deferred tax assets: |  |  |  |  |
Amortization | $ | 861 |  |  | $ | 1 |
Section 174 R&D capitalization |  | 1,730 |  |  |  | 2,380 |
Accrued expenses and reserves |  | 78 |  |  |  | 132 |
Operating lease liability |  | 99 |  |  |  | 207 |
Stock-based compensation |  | 342 |  |  |  | 336 |
Other, net |  | 4 |  |  |  | 5 |
Total deferred tax assets |  | 3,114 |  |  |  | 3,061 |
Valuation allowance |  | (2,997 | ) |  |  | (2,807 | )
Net deferred tax assets | $ | 117 |  |  | $ | 254 |
Deferred tax liabilities: |  |  |  |  |
Operating lease right-of-use assets |  | (90 | ) |  |  | (191 | )
Depreciation |  | (27 | ) |  |  | (63 | )
Total deferred tax liabilities | $ | (117 | ) |  | $ | (254 | )
| $ | — |  |  | $ | — |

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