Segment Reporting (Tables)

6 Months Ended

Sep. 30, 2025

Schedule of Segment Reporting Information, by Segment

The table below provides a summary of significant expense categories regularly provided to the CODM reconciled to Adjusted EBITDA, as well as a reconciliation of Adjusted EBITDA to net (loss) income, for the three and six months ended September 30, 2025 and 2024. The CODM does not review segment assets at a different asset level or category than those disclosed within the consolidated balance sheets.


	Three Months Ended
($ in thousands)	September 30, 2025		September 30, 2024 (As Restated)
Net Sales	44,364		58,044
Significant expense categories:
Cost of sales	31,949		39,271
Advertising	4,341		6,069
Other segment expenses (1)	10,390		10,606
Adjusted EBITDA	$	(2,316)	$	2,098

(Add) subtract:
Share-based compensation expense (reversal)	248		573
Income taxes	9		(1,401)
Depreciation and amortization	2,278		1,658
Interest income (expense), net	326		(185)

Employee severance	1,223		305
Sales tax expense (income)	—		(1,178)
Professional fees (2)	2,120		—

Net (loss) income	$	(8,520)	$	2,326


	Six Months Ended
($ in thousands)	September 30, 2025		September 30, 2024 (As Restated)
Net Sales	95,544		124,251
Significant expense categories:
Cost of sales	68,726		86,441
Advertising	10,387		14,125
Other segment expenses (1)	21,443		23,124
Adjusted EBITDA	$	(5,012)	$	561

(Add) subtract:
Share-based compensation (reversal) expense	839		(7,631)
Income taxes	18		(443)
Depreciation and amortization	4,561		3,379
Interest income, net	524		(280)
Acquisition/Partnership transactions and other items	—		180
Employee severance	1,319		454
Sales tax expense (income)	—		(1,178)
Professional fees (2)	3,141		—
Impairment of goodwill and intangible assets	27,258		—
Net (loss) income	$	(42,672)	$	6,080

(1) Consists of all other expenses on an Adjusted EBITDA basis, including salaries and wages, operating expenses such as utilities, insurance, professional fees, etc.

(2) Consists of professional fees related to the investigation.