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NET LOSS PER COMMON SHARE (Tables)
6 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Summary of the Effect of Net Income Per Common Share Net (loss) income per common share is calculated based upon the following shares:

 

 

 

For the Three Months Ended
September 30,

 

 

For the Six Months Ended
September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss (in thousands)

 

$

(4,388

)

 

$

(2,331

)

 

$

(11,025

)

 

$

(5,166

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

32,502,566

 

 

 

31,330,030

 

 

 

32,424,623

 

 

 

31,240,475

 

Weighted-average common shares and common share
   equivalents outstanding

 

 

32,502,566

 

 

 

31,330,030

 

 

 

32,424,623

 

 

 

31,240,475

 

Net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.14

)

 

$

(0.07

)

 

$

(0.34

)

 

$

(0.17

)

Diluted

 

$

(0.14

)

 

$

(0.07

)

 

$

(0.34

)

 

$

(0.17

)

 

Number of Potentially Dilutive Securities Excluded from the Calculation of Diluted Net Income per Common Share

The following table indicates the number of potentially dilutive securities excluded from the calculation of Diluted net income per common share because their inclusion would have been anti-dilutive. The number of shares is as of the end of each period:

 

 

 

For the Three Months Ended
September 30,

 

 

For the Six Months Ended
September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Common stock options

 

 

 

 

 

85,136

 

 

 

 

 

 

85,136

 

Time-Based Restricted shares

 

 

933,808

 

 

 

845,645

 

 

 

933,808

 

 

 

845,645

 

Performance-Based Restricted shares

 

 

708,377

 

 

 

178,669

 

 

 

708,377

 

 

 

178,669

 

Total

 

 

1,642,185

 

 

 

1,109,450

 

 

 

1,642,185

 

 

 

1,109,450