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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 47,371 $ 67,131
Marketable securities 14,399 13,351
Prepaid expenses and other current assets 1,475 1,594
Total current assets 63,245 82,076
Property and equipment, net 480 476
Right-of-use asset - operating lease 939 1,335
Other assets 392 454
Total assets 65,056 84,341
Current liabilities:    
Accounts payable 1,280 653
Accrued expenses 9,254 8,810
Note payable 379 0
Deferred revenue - current portion 1,999 2,588
Operating lease obligation - current portion 617 561
Total current liabilities 13,529 12,612
Deferred revenue - non-current portion 176 391
Operating lease obligation - non-current portion 431 948
Total liabilities 14,136 13,951
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2025 and March 31, 2025; no shares outstanding at December 31, 2025 and March 31, 2025 0 0
Common stock, $0.001 par value; 325,000,000 shares authorized at December 31, 2025 and March 31, 2025; 39,624,839 and 29,001,481 shares issued at December 31, 2025 and March 31, 2025, respectively 40 29
Additional paid-in capital 515,878 481,956
Treasury stock, at cost, 4,522 shares of common stock held at December 31, 2025 and March 31, 2025 (3,968) (3,968)
Accumulated other comprehensive income 13 5
Accumulated deficit (461,043) (407,632)
Total stockholders’ equity 50,920 70,390
Total liabilities and stockholders’ equity $ 65,056 $ 84,341