Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
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Equity (Tables)

v3.24.2.u1

Equity (Tables)

6 Months Ended

Sep. 30, 2023

Summary of stock-based compensation expense by statement of operations line item

The following table summarizes, by Condensed Consolidated Statements of Operations line item, stock-based compensation expense (in thousands):



	Three Months Ended September 30,				Six Months Ended September 30,
	2023		2022		2023		2022
Cost of goods sold	$	14	$	13	$	29	$	16
Research and development		(2)		25		24		50
Selling, general and administrative		69		116		334		320
Stock-based compensation expense	$	81	$	154	$	387	$	386

Summary of restricted stock unit and performance restricted stock unit ("PRSU") activity


		Weighted
		Average Grant
		Date Fair
Restricted Stock Units and Performance Restricted Stock Units	Shares	Value
Non-vested restricted stock units outstanding at March 31, 2023	842,631	$	3.13
Granted	1,187,538		1.20
Vested and issued	(656,419)		1.08
Forfeited	(557,145)		0.71
Non-vested restricted stock units outstanding at September 30, 2023	816,605		2.54
Restricted stock units expected to vest beyond September 30, 2023 (1)	816,605	$	2.54

(1)	Unvested RSUs expected to vest beyond the Effective Date were cancelled on the Effective Date in accordance with the Plan. See Note 18–Subsequent Events in the Notes to Condensed Consolidated Financial Statements for further discussion of the Company’s emergence from bankruptcy.

Summary of additional information on restricted stock units and performance restricted stock units


	Three Months Ended September 30,				Six Months Ended September 30,
	2023		2022		2023		2022
Restricted stock compensation expense (in thousands)	$	81	$	154	$	387	$	386
Aggregate fair value of restricted stock units vested and issued (in thousands)	$	58	$	212	$	105	$	341
Weighted average grant date fair value of restricted stock units granted during the period	$	1.20	$	2.57	$	1.20	$	2.48

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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