Changes in Shareholders' Equity (As Restated) (Tables)

9 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Changes in Shareholders' Equity

Changes in Shareholders’ Equity for the nine months ended December 31, 2023 is summarized below (in thousands):

	Common Stock		Additional Paid-In Capital		Retained Earnings
Beginning balance at March 31, 2023 (as restated):	$	21	$	18,277	$	91,659
Share based compensation	—		1,760		—
Dividends declared	—		—		(6,346)
Net loss	—		—		(1,136)
Ending balance at June 30, 2023 (as restated):	$	21	$	20,037	$	84,177
Share based compensation	—		1,728		—
Dividends declared	—		—		(6,308)
Net loss	—		—		715
Ending balance at September 30, 2023 (as restated):	$	21	$	21,765	$	78,584
Share based compensation	—		1,708		—
Net loss	—		—		(2,027)
Ending balance at December 31, 2023:	$	21	$	23,473	$	76,557

Changes in Shareholders’ Equity for the nine months ended December 31, 2022 is summarized below (in thousands):

	Common Stock		Additional Paid-In Capital		Retained Earnings
Beginning balance at March 31, 2022 (as restated):	$	21	$	11,660	$	111,760
Share based compensation	—		1,536		—
Dividends declared	—		—		(6,297)
Net income	—		—		2,687
Ending balance at June 30, 2022 (as restated):	$	21	$	13,196	$	108,150
Share based compensation	—		1,681		—
Dividends declared	—		—		(6,307)
Net income	—		—		2,881
Ending balance at September 30, 2022 (as restated):	$	21	$	14,877	$	104,724
Share based compensation	—		1,770		—
Dividends declared	—		—		(6,319)
Net loss	—		—		(212)
Ending balance at December 31, 2022 (as restated):	$	21	$	16,647	$	98,193