v3.25.4
Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Total Revenue $ 30 $ (4) $ 101 $ 881
COST OF REVENUE 22 0 34 0
GROSS MARGIN 8 (4) 67 881
OPERATING COSTS AND EXPENSES        
Operating costs, excluding depreciation 450 468 1,559 2,543
Selling, general and administrative expenses, excluding depreciation 1,800 2,097 6,274 6,725
Reimbursable expenses 0 (4) 0 881
Amortization of intangible assets 269 269 807 807
Depreciation 503 499 1,505 1,057
Operating loss (3,014) (3,333) (10,078) (11,132)
Excess fair value of warrants over private placement proceeds 0 0 0 (659)
Loss on warrants modification 0 0 (2,444) 0
Change in fair value of warrant liabilities 3,768 (7,576) 17,939 7,945
Other income 0 0 3 0
Net income (loss) before income tax provision 754 (10,909) 5,420 (3,846)
Net income (loss) $ 754 $ (10,909) $ 5,420 $ (3,846)
Net income (loss) and comprehensive (loss) income per share, basic $ 0 $ (0.04) $ 0.02 $ (0.02)
Net income (loss) and comprehensive income (loss) per share, diluted $ 0 $ (0.04) $ 0.02 $ (0.02)
Weighted average shares outstanding, basic 306,233 242,908 288,150 236,966
Weighted average shares outstanding, diluted 310,685 242,908 290,337 236,966
Service        
Total Revenue $ 30 $ 0 $ 101 $ 0
Reimbursable        
Total Revenue $ 0 $ (4) $ 0 $ 881