v3.25.4
Shareholders Equity (Tables)
9 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
Schedule of Weighted-Average Common Shares Outstanding

Weighted-average Common Shares Outstanding

 

(in thousands, except per share amounts)

 

Three Months Ended December 31,

 

 

Nine Months Ended December 31,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net income (loss)

 

$

754

 

 

$

(10,909

)

 

$

5,420

 

 

$

(3,846

)

Weighted average number of shares:

 

 

 

 

 

 

 

 

 

 

 

 

Issued common shares at beginning of period

 

 

296,804

 

 

 

242,596

 

 

 

268,993

 

 

 

211,381

 

Effect of common shares issued during period

 

 

9,429

 

 

 

312

 

 

 

19,157

 

 

 

25,585

 

Weighted average number of shares basic

 

 

306,233

 

 

 

242,908

 

 

 

288,150

 

 

 

236,966

 

Assumed exercise of warrants

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Assumed exercise of stock options

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Assumed restricted share award

 

 

217

 

 

 

-

 

 

 

217

 

 

 

-

 

Assumed restricted share units

 

 

3,478

 

 

 

-

 

 

 

1,969

 

 

 

-

 

Weighted average number of shares basic

 

 

306,233

 

 

 

242,908

 

 

 

288,150

 

 

 

236,966

 

Weighted average number of shares diluted

 

 

310,685

 

 

 

242,908

 

 

 

290,337

 

 

 

236,966

 

Net income (loss) per share, basic

 

$

0.00

 

 

$

(0.04

)

 

$

0.02

 

 

$

(0.02

)

Net income (loss) per share, diluted

 

$

0.00

 

 

$

(0.04

)

 

$

0.02

 

 

$

(0.02

)

Schedule of Diluted Net Loss Per Share

Anti-dilutive common share equivalents excluded from the computation of diluted net loss per share for the three and nine months ended December 31, 2025 and 2024 are as follows (in thousands):

 

 

 

Three Months Ended December 31,

 

 

Nine Months Ended December 31,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Warrants to purchase common shares

 

 

97,740

 

 

 

43,544

 

 

 

97,740

 

 

 

43,544

 

Options to purchase common shares

 

 

7,799

 

 

 

12,283

 

 

 

7,042

 

 

 

12,283

 

Restricted share units

 

 

3,700

 

 

 

3,927

 

 

 

4,031

 

 

 

8,488

 

 

 

109,239

 

 

 

59,754

 

 

 

108,813

 

 

 

64,315

 

Summary of Stock Options The following table summarizes information regarding the options including the historical CAD$ strike prices during the nine months ended December 31, 2025:

 

 

 

 

 

 

Weighted-

 

 

Weighted-

 

 

 

 

 

 

Average

 

 

Average

 

 

 

Options

 

 

Exercise

 

 

Exercise

 

 

 

Outstanding

 

 

Price

 

 

Life (years)

 

 

 

(thousands)

 

 

(CAD$)

 

 

 

 

Balance as of March 31, 2025

 

 

12,283

 

 

$

1.04

 

 

 

3.1

 

Granted

 

 

-

 

 

 

-

 

 

 

 

Forfeited

 

 

(5,784

)

 

 

1.18

 

 

 

 

Balance as of December 31, 2025

 

 

6,499

 

 

$

0.50

 

 

 

0.7