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INCOME TAXES (Tables)
12 Months Ended
Mar. 31, 2026
INCOME TAXES  
Schedule of loss from continuing operations by location

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 2026

  ​ ​ ​

March 31, 2025

Loss before income taxes

​

$

(1,633)

​

$

(2,750)

Income tax expense (benefit)

​

 

31

​

 

(2)

Net loss

​

$

(1,664)

​

$

(2,748)

Schedule of components of income tax provision

​

​

​

​

​

​

​

​

The Components of the income tax provision consist of the following for the fiscal years ended:

  ​ ​ ​

March 31, 2026

  ​ ​ ​

March 31, 2025

Current:

 

​

  ​

 

​

  ​

Federal

​

$

—

​

$

(1)

State

​

 

31

​

 

(1)

Foreign

​

​

—

​

​

—

Total Current

​

$

31

​

$

(2)

Deferred:

​

 

​

​

 

​

Federal

​

$

—

​

$

—

State

​

 

—

​

 

—

Foreign

​

​

—

​

​

—

Total Deferred

​

$

—

​

$

—

Total:

​

​

​

​

​

​

Federal

​

​

—

​

​

(1)

State

​

​

31

​

​

(1)

Foreign

​

​

—

​

​

—

Total expense (benefit)

​

$

31

​

$

(2)

Schedule of reconciliation between income taxes computed at the U.S. federal statutory rate to the actual tax expense for income taxes reported in the consolidated statements of operations and comprehensive loss

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 2026

 

U.S. statutory income tax

​

$

(343)

  ​ ​ ​

​

21.0

%

State income tax, net of federal benefits

​

 

27

​

 

(1.7)

%

Changes in the valuation allowance

​

​

415

​

​

(25.4)

%

Stock compensation

​

 

(48)

​

 

2.9

%

Other nondeductible items

​

 

12

​

 

(0.7)

%

Adjustment to prior year deferred balance

​

​

(32)

​

​

2.0

%

Income tax expense and effective income tax rate*

​

$

31

​

​

(1.9)

%

*

For the fiscal year ended March 31, 2026, state and local income taxes in California comprised the majority of state and local income tax expense, net of federal effects.

The next table reconciles income taxes computed at the U.S. federal statutory rate to actual tax expense, prior to the adoption of ASU 2023-09 for the fiscal year ended:

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 2025

 

U.S. statutory income tax

​

$

(577)

​

State income tax, net of federal benefit

​

 

159

​

Change in valuation allowance

​

 

410

​

Other

​

 

6

​

Income tax benefit

​

$

(2)

​

Effective tax rate

​

 

0.07

%

Schedule of the components of deferred income tax assets and liabilities

​

​

​

​

​

​

​

​

Components of deferred income tax assets and liabilities on:

  ​ ​ ​

March 31, 2026

  ​ ​ ​

March 31, 2025

Deferred tax assets:

 

​

  ​

 

​

  ​

Net operating loss carryforward

​

$

5,390

​

$

6,056

Compensation

​

 

226

​

 

221

Stock based compensation awards

​

​

107

​

​

25

Operating leases

​

​

838

​

​

995

Other items not currently deductible

​

 

490

​

 

170

Total deferred tax assets

​

 

7,051

​

 

7,467

Valuation allowance

​

​

(6,200)

​

​

(5,722)

Net deferred tax assets

​

 

851

​

 

1,745

Deferred tax liabilities:

​

​

​

​

​

​

Depreciation

​

​

(39)

​

​

(782)

Operating leases

​

​

(812)

​

​

(963)

Total deferred tax liabilities

​

 

(851)

​

 

(1,745)

Deferred taxes, net

​

$

—

​

$

—

Schedule of income taxes paid, net of refunds

​

​

​

​

​

Income taxes paid, net of refunds

  ​ ​ ​

March 31, 2026

Federal

​

$

—

States:

​

​

​

California

​

​

4

Other

​

​

—

Total State

​

$

4

Foreign

​

 

—

Total income taxes paid, net of refunds

​

$

4

​