Debt (Tables)

3 Months Ended

Jun. 30, 2023

Debt [Abstract]

Information About the Term Loan

The following summarizes information about the Term Loans:

	June 30, 2023			March 31, 2023
Principal amount of Term Loans	$	12,187,000		$	13,125,000
Unamortized financing fees		(167,000	)		(182,000	)
Net carrying amount of Term Loans		12,020,000			12,943,000
Less current portion of Term Loans		(12,020,000	)		(3,664,000	)
Long-term portion of Term Loans	$	-		$	9,279,000

Convertible Debt

The Company’s Convertible Notes are comprised of the following:

	June 30, 2023			March 31, 2023
Principal amount of Convertible Notes	$	32,000,000		$	32,000,000
Less: unamortized debt discount attributed to Compound Net Derivative Liability		(8,229,000	)		(8,430,000	)
Less: unamortized debt discount attributed to debt issuance costs		(1,089,000	)		(1,006,000	)
Carrying amount of the Convertible Notes		22,682,000			22,564,000
Plus: Compound Net Derivative Liability		8,570,000			8,430,000
Net carrying amount of Convertible Notes, related party	$	31,252,000		$	30,994,000

Total Interest Expense Recognized Related to Convertible Notes

Interest expense related to the Convertible Notes is as follows:

	Three Months Ended
	June 30,
	2023
Contractual interest expense	$	800,000
Accretion of debt discount		201,000
Amortization of issuance costs		27,000
Total interest expense	$	1,028,000