SHARE-BASED COMPENSATION

6 Months Ended

Sep. 30, 2025

Equity [Abstract]

SHARE-BASED COMPENSATION

Note 5. SHARE-BASED COMPENSATION

The provisions of ASC 718-10-55 requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors, including employee stock options and RSUs, based on estimated fair values. The following table summarizes stock-based compensation expense related to employee stock options for the three and six months ended September 30, 2025, and 2024, which was allocated as follows: 

	Three Months Ended				Six Months Ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Cost of sales	$	115	$	201	$	258	$	402
Sales and marketing		1,284		1,750		2,645		3,369
General and administrative		8,884		10,606		19,210		21,080
Research and development		249		80		538		160
Stock-based compensation expense	$	10,532	$	12,637	$	22,651	$	25,011

Share-based compensation cost for stock options is measured at the grant date, based on the fair value as calculated by the Black-Scholes-Merton ("BSM") option-pricing model. The BSM option-pricing model requires the use of actual employee exercise behavior data and the application of a number of assumptions, including expected volatility, risk-free interest rate, and expected dividends. There were 90,000 stock options granted, 104,332 stock options forfeited, and no stock options exercised during the three and six months ending September 30, 2025, respectively. As of September 30, 2025, approximately $144,020 of total unrecognized compensation costs related to nonvested stock options is expected to be recognized over a period of five years.