v3.25.4
Segment Information
 9 Months Ended
Dec. 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:

 

 

 

Three Months Ended December 31,

 

 

Nine Months Ended December 31,

 

Expense Category

 

2025

 

 

2024

 

 

2025

 

 

2024

 

General and administrative

 

$

1,395

 

 

$

1,660

 

 

$

5,732

 

 

$

5,411

 

Stock-based compensation

 

$

405

 

 

$

437

 

 

$

542

 

 

$

1,314

 

Other operating expenses

 

$

450

 

 

$

468

 

 

$

1,559

 

 

$

2,543

 

 

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 December 31, 2025, the Company does not have revenue or long-lived assets located outside of the United States.