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RESTRICTED SHARES (Tables)
3 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation

The following amounts of stock-based compensation were recorded (dollars in thousands):

 

 

 

For the Three Months Ended
June 30,

 

 

 

2024

 

 

2023

 

Cost of product revenue

 

$

2

 

 

$

1

 

General and administrative

 

 

282

 

 

 

182

 

Sales and marketing

 

 

8

 

 

 

4

 

Research and development

 

 

2

 

 

 

1

 

Total

 

$

294

 

 

$

188

 

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

The following table summarizes information with respect to performance-vesting restricted stock and time vesting-restricted stock activity:

 

 

 

Time-Based
Restricted Shares

 

 

Performance-Based
Restricted Shares

 

 

 

Shares

 

 

Weighted
Average
Fair Value
Price

 

 

Shares

 

 

Weighted
Average
Fair Value
Price

 

Balance at March 31, 2024

 

 

1,014,104

 

 

$

1.87

 

 

 

708,377

 

 

$

1.66

 

Shares issued

 

 

685,322

 

 

$

1.09

 

 

 

821,559

 

 

$

1.09

 

Shares vested

 

 

(175,204

)

 

$

2.99

 

 

 

 

 

 

 

Shares outstanding at June 30, 2024

 

 

1,524,222

 

 

$

1.39

 

 

 

1,529,936

 

 

$

1.35

 

Per share price on grant date

 

$1.09

 

 

 

 

 

$1.09