|
14. Stock Compensation
The following table summarizes, by Condensed Consolidated Statements of Operations line item, stock-based compensation expense (in thousands). The Company recognized $10 thousand of additional paid in capital related to stock compensation for Capstone Distributor Support Services Corporation (“CDSSC”) employees and is not included in the Company’s Condensed Consolidated Statement of Operations.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended December 31, |
|
Nine Months Ended December 31, |
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
Cost of goods sold |
|
$ |
6 |
|
$ |
1 |
|
$ |
44 |
|
$ |
2 |
Research and development |
|
|
4 |
|
|
2 |
|
|
37 |
|
|
2 |
Selling, general and administrative |
|
|
121 |
|
|
56 |
|
|
509 |
|
|
164 |
Stock-based compensation expense |
|
$ |
131 |
|
$ |
59 |
|
$ |
590 |
|
$ |
168 |
Restricted Stock Units and Performance Restricted Stock Units
The following table summarizes restricted stock unit activity:
|
|
|
|
|
|
|
|
|
|
Weighted |
|
|
|
|
Average Grant |
|
|
|
|
Date Fair |
Restricted Stock Units |
|
Shares |
|
Value per Share |
Non-vested restricted stock units outstanding at April 1, 2025 |
|
726,823 |
|
$ |
0.96 |
Granted |
|
950,845 |
|
$ |
1.33 |
Vested and issued |
|
(454,217) |
|
$ |
0.78 |
Cancelled or forfeited |
|
(91,807) |
|
$ |
0.88 |
Non-vested restricted stock units outstanding at December 31, 2025 |
|
1,131,644 |
|
$ |
1.35 |
The following table summarizes performance restricted stock unit (“PRSU”) activity:
|
|
|
|
|
|
|
|
|
|
|
Weighted |
|
|
|
|
|
Average Grant |
|
|
|
|
|
Date Fair |
|
Performance Restricted Stock Units |
|
Shares |
|
Value |
|
Non-vested restricted stock units outstanding at April 1, 2025 |
|
53,533 |
|
$ |
0.93 |
|
Granted |
|
84,141 |
|
|
0.73 |
|
Vested and issued |
|
— |
|
|
— |
|
Forfeited/cancelled |
|
(30,000) |
|
|
0.83 |
|
Non-vested restricted stock units outstanding at December 31 ,2025 |
|
107,674 |
|
$ |
0.80 |
|
|