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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net loss $ (34,512) $ (23,694)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 93 71
Stock-based compensation 2,012 2,272
Amortization of operating lease right-of-use asset 261 237
Non-cash interest expense 2 0
Accretion on marketable securities (270) (159)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (165) (864)
Other assets (37) 190
Operating lease liability (302) (326)
Deferred revenue, net of deferred contract acquisition costs (464) (230)
Accounts payable and accrued expenses 777 748
Net cash used in operating activities (32,605) (21,755)
Cash flows from investing activities:    
Purchases of laboratory and other equipment (125) (103)
Sales and maturities of marketable securities 10,000 5,498
Purchases of marketable securities (10,757) (18,648)
Net cash used in investing activities (882) (13,253)
Cash flows from financing activities:    
Net proceeds from sale of common stock under Open Market Sale Agreement, net of offering costs 28,325 0
Net proceeds from sale of common stock under 2019 Employee Stock Purchase Plan 161 88
Issuance of note payable for insurance policy 1,020 0
Repayment of notes payable (364) 0
Net cash provided by financing activities 29,142 88
Net change in cash and cash equivalents (4,345) (34,920)
Cash and cash equivalents at beginning of period 67,131 119,166
Cash and cash equivalents at end of period 62,786 84,246
Non-cash investing and financing activities:    
Cash paid for interest 19 0
Purchases of equipment included in accounts payable and accrued liabilities $ 8 $ 0