Debt (Tables)

6 Months Ended

Sep. 30, 2023

Debt [Abstract]

Convertible Debt

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

	September 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		(8,021,000	)		(8,430,000	)
Less: unamortized debt discount attributed to debt issuance costs		(1,120,000	)		(1,006,000	)
Carrying amount of the Convertible Notes		22,859,000			22,564,000
Plus: Compound Net Derivative Liability		8,960,000			8,430,000
Net carrying amount of Convertible Notes, related party	$	31,819,000		$	30,994,000

Total Interest Expense Recognized Related to Convertible Notes

Interest expense related to the Convertible Notes is as follows:

	Three Months Ended		Six Months Ended
	September 30,		September 30,
	2023		2023
Contractual interest expense	$	800,000	$	1,600,000
Accretion of debt discount		208,000		409,000
Amortization of debt issuance costs		30,000		57,000
Total interest expense	$	1,038,000	$	2,066,000