SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates. Stock-Based Compensation The compensation expense for all share-based payment awards made to employees and directors, including stock options and restricted stock units (“RSUs”) is measured and recognized based on the fair value of the awards on the date of grant. The compensation expense, net of estimated forfeitures, is recognized on a straight-line basis over the requisite service period, which is generally the vesting period of the award. The fair value of RSUs is determined based on the closing market price of our common stock on the date of grant. Loan and interest income Loans receivable are reported at amortized cost, net of an allowance for expected credit losses. Interest income is recognized over the contractual term of the loans based on the outstanding principal and the applicable contractual interest rate or effective yield, as appropriate. The Company places a loan on nonaccrual status when management determines that collection of contractual principal or interest is no longer reasonably assured and resumes interest accrual when the loan becomes current and management determines that collection of principal and interest is reasonably assured. Allowance for expected credit losses The allowance for expected credit losses on loans receivable represents management’s estimate of credit losses expected over the contractual life of the loans. Management estimates expected credit losses using relevant information regarding historical loss experience, borrower credit profiles, repayment and delinquency status, current portfolio conditions, collateral values, if applicable, and reasonable and supportable forecasts of future economic conditions. Loans with similar risk characteristics are evaluated on a collective basis, while loans that no longer share similar risk characteristics are evaluated individually. Loans are written off against the allowance when management determines that they are uncollectible in accordance with the Company’s policy. There were no other changes to the Company’s significant accounting policies during the three months ended June 30, 2026. Recently issued accounting pronouncements In November 2025, the FASB issued ASU 2025-08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans. ASU 2025-08 expands the gross-up approach for accounting for acquired loans to certain purchased seasoned loans. The amendments are effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within those annual reporting periods, with early adoption permitted. The Company is currently evaluating the impact of this standard on its consolidated financial statements and related disclosures. Management has not identified any other recently issued accounting standards that are expected to have a material impact on the Company’s condensed consolidated financial statements or related disclosures.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Jun. 30, 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates.

Stock-Based Compensation

The compensation expense for all share-based payment awards made to employees and directors, including stock options and restricted stock units (“RSUs”) is measured and recognized based on the fair value of the awards on the date of grant. The compensation expense, net of estimated forfeitures, is recognized on a straight-line basis over the requisite service period, which is generally the vesting period of the award. The fair value of RSUs is determined based on the closing market price of our common stock on the date of grant.

Loan and interest income

Loans receivable are reported at amortized cost, net of an allowance for expected credit losses. Interest income is recognized over the contractual term of the loans based on the outstanding principal and the applicable contractual interest rate or effective yield, as appropriate. The Company places a loan on nonaccrual status when management determines that collection of contractual principal or interest is no longer reasonably assured and resumes interest accrual when the loan becomes current and management determines that collection of principal and interest is reasonably assured.

Allowance for expected credit losses

The allowance for expected credit losses on loans receivable represents management’s estimate of credit losses expected over the contractual life of the loans. Management estimates expected credit losses using relevant information regarding historical loss experience, borrower credit profiles, repayment and delinquency status, current portfolio conditions, collateral values, if applicable, and reasonable and supportable forecasts of future economic conditions. Loans with similar risk characteristics are evaluated on a collective basis, while loans that no longer share similar risk characteristics are evaluated individually. Loans are written off against the allowance when management determines that they are uncollectible in accordance with the Company’s policy.

There were no other changes to the Company’s significant accounting policies during the three months ended June 30, 2026.

Recently issued accounting pronouncements

In November 2025, the FASB issued ASU 2025-08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans. ASU 2025-08 expands the gross-up approach for accounting for acquired loans to certain purchased seasoned loans. The amendments are effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within those annual reporting periods, with early adoption permitted. The Company is currently evaluating the impact of this standard on its consolidated financial statements and related disclosures.

Management has not identified any other recently issued accounting standards that are expected to have a material impact on the Company’s condensed consolidated financial statements or related disclosures.