v3.25.4
Segment Information
6 Months Ended 12 Months Ended
Sep. 30, 2025
Mar. 31, 2025
Segment Reporting [Abstract]    
Segment Information

 

16. Segment Information

 

The Company operates as a single reportable segment, which reflects the manner in which the CODM manages the business, allocates resources, and evaluates performance. The Company’s activities to date have been limited to research and development and pre-commercialization activities and it has not generated any revenue from product sales or services.

 

Significant Expense Categories

 

As required by ASU 2023-07, the Company discloses significant segment expense categories that are regularly provided to the CODM. These categories, which represent the major costs incurred in the development of the Company’s technology and operations, are as follows:

 

Expense Category  2025   2024   2025   2024 
   Three Months Ended
September 30,
   Six Months Ended
September 30,
 
Expense Category  2025   2024   2025   2024 
General and administrative  $1,784   $2,119   $4,337   $3,750 
Stock-based compensation  $413   $826   $137   $878 
Other operating expenses  $509   $461   $1,109   $2,075 

 

The CODM reviews these expenses as part of the consolidated financial results. No other measures of segment profit or loss, or assets, are provided to the CODM.

 

Geographic Information

 

All operations and assets are located in the United States. As of September 30, 2025, the Company does not have revenue or long-lived assets located outside of the United States.

 

16. Segment Information

 

The Company operates as a single reportable segment, which reflects the manner in which the CODM manages the business, allocates resources, and evaluates performance. The Company’s activities to date have been limited to research and development and pre-commercialization activities and it has not generated any revenue from product sales or services.

 

Significant Expense Categories

 

As required by ASU 2023-07, the Company discloses significant segment expense categories that are regularly provided to the CODM. These categories, which represent the major costs incurred in the development of the Company’s technology and operations, are as follows:

 

Expense Category  2025   2024 
   Year Ended March 31, 
Expense Category  2025   2024 
General and administrative  $ 7,290   $ 6,864 
Stock-based compensation  $1,752   $2,649 
Other operating expenses  $ 3,533   $ - 

 

The CODM reviews these expenses as part of the consolidated financial results. No other measures of segment profit or loss, or assets, are provided to the CODM.

 

Geographic Information

 

All operations and assets are located in the United States. As of March 31, 2025, the Company does not have revenue or long-lived assets located outside of the United States.