STOCK OPTIONS AND RESTRICTED SHARES (Tables)

9 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Stock-based Compensation

During the three and nine months ended December 31, 2023 and 2022, the following amounts of stock-based compensation were recorded in Orion’s Condensed Consolidated Statements of Operations (dollars in thousands):

	For the Three Months Ended December 31,				For the Nine Months Ended December 31,
	2023		2022		2023		2022
Cost of product revenue	$	1	$	2	$	4	$	3
General and administrative		261		444		661		1,425
Sales and marketing		4		—		12		4
Research and development		1		2		4		3
Total	$	267	$	448	$	681	$	1,435

Summary of Stock Options Activity

During the three and nine months ended December 31, 2023, Orion had the following activity related to its stock-based compensation.

	Time-Based Restricted Shares			Performance-Based Restricted Shares		Stock Options
Awards outstanding at March 31, 2023		612,819			130,635		73,136
Awards granted		532,690			577,742		—
Awards vested or exercised		(248,389	)		—		—
Awards forfeited		(15,250	)		—		(73,136	)
Awards outstanding at December 31, 2023		881,870			708,377		—
Per share weighted average price on grant date	$	1.56		$	1.55		—