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Leases, and Related Party Transactions (Tables)
12 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of lease cost

The key components of the Company's operating leases expenses were as follows:

 

 

Year Ended March 31,

 

(In thousands)

 

2025

 

 

2024

 

Operating lease expense

 

 

361

 

 

 

57

 

Short-term lease expense

 

 

3

 

 

 

2

 

Total lease cost

 

$

364

 

 

$

59

 

Schedule of right-of-use assets and lease liabilities for operating leases

Right-of-use assets and lease liabilities for operating leases were recorded in the consolidated balance sheets as follows:

 

 

(In thousands)

 

 

 

March 31, 2025

 

 

March 31, 2024

 

Operating leases:

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

2,963

 

 

$

65

 

Current portion of operating lease liabilities

 

 

286

 

 

 

-

 

Operating lease liabilities, net of current portion

 

 

2,685

 

 

 

65

 

Summary of future minimum lease payments under non-cancellable operating leases

Future minimum lease payments under non-cancelable operating leases as of March 31, 2025, are as follows:

(In thousands)

 

 

 

2026

 

$

466

 

2030

 

 

468

 

2028

 

 

455

 

2029

 

 

413

 

2030

 

 

412

 

Thereafter

 

 

1,833

 

Total minimum lease payments

 

 

4,047

 

Less: effects of discounting

 

 

(1,076

)

Present value of future minimum lease payments

 

$

2,971