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NET LOSS PER COMMON SHARE (Tables)
9 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Summary of the Effect of Net Loss Per Common Share Net loss per common share is calculated based upon the following shares:

 

 

 

For the Three Months Ended
December 31,

 

 

For the Nine Months Ended
December 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss (in thousands)

 

$

(1,508

)

 

$

(2,256

)

 

$

(8,890

)

 

$

(13,281

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

32,923,321

 

 

 

32,531,563

 

 

 

32,787,107

 

 

 

32,460,398

 

Weighted-average common shares and common share
   equivalents outstanding

 

 

32,923,321

 

 

 

32,531,563

 

 

 

32,787,107

 

 

 

32,460,398

 

Net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.05

)

 

$

(0.07

)

 

$

(0.27

)

 

$

(0.41

)

Diluted

 

$

(0.05

)

 

$

(0.07

)

 

$

(0.27

)

 

$

(0.41

)

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

The following table indicates the number of potentially dilutive securities excluded from the calculation of Diluted net loss 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
December 31,

 

 

For the Nine Months Ended
December 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Time-Based Restricted shares

 

 

1,329,556

 

 

 

881,870

 

 

 

1,329,556

 

 

 

881,870

 

Performance-Based Restricted shares

 

 

1,529,936

 

 

 

708,377

 

 

 

1,529,936

 

 

 

708,377

 

Total

 

 

2,859,492

 

 

 

1,590,247

 

 

 

2,859,492

 

 

 

1,590,247