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RESTRICTED SHARES (Tables)
9 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation

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

 

 

 

For the Three Months Ended
December 31,

 

 

For the Nine Months Ended
December 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Cost of product revenue

 

$

1

 

 

$

1

 

 

$

5

 

 

$

4

 

General and administrative

 

 

175

 

 

 

261

 

 

 

793

 

 

 

661

 

Sales and marketing

 

 

2

 

 

 

4

 

 

 

17

 

 

 

12

 

Research and development

 

 

2

 

 

 

1

 

 

 

7

 

 

 

4

 

Total

 

$

180

 

 

$

267

 

 

$

822

 

 

$

681

 

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

 

 

(369,870

)

 

$

2.37

 

 

 

 

 

 

 

Shares outstanding at December 31, 2024

 

 

1,329,556

 

 

$

1.33

 

 

 

1,529,936

 

 

$

1.35

 

Per share price on grant date

 

$1.09

 

 

 

 

 

$1.09