Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Basis of Presentation, Significant Accounting Policies and Going Concern (Policies)
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Notes Details

Equity (Tables)

v3.24.2.u1

Equity (Tables)

3 Months Ended

Jun. 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
	June 30,
	2023		2022
Cost of goods sold	$	15	$	3
Research and development		26		25
Selling, general and administrative		265		204
Stock-based compensation expense	$	306	$	232

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	679,060		0.77
Vested and issued	(39,923)		5.10
Forfeited	(4,237)		3.90
Non-vested restricted stock units outstanding at June 30, 2023	1,477,531		1.99
Restricted stock units expected to vest beyond June 30, 2023(1)	1,477,531	$	1.99

(1)	Unvested RSUs expected to vest beyond the Effective Date were cancelled on the Effective Date in accordance with the Plan. See Note 17–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 June 30,
	2023		2022
Restricted stock compensation expense (in thousands)	$	306	$	232
Aggregate fair value of restricted stock units vested and issued (in thousands)	$	48	$	129
Weighted average grant date fair value of restricted stock units granted during the period	$	1.20	$	2.44

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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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