Subsequent Events |
6 Months Ended | ||
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Sep. 30, 2025 | |||
| Subsequent Events [Abstract] | |||
| Subsequent Events |
At-the-Market Sale of Common Stock
During October 2025, the Company sold 51,436 shares of common stock for gross proceeds of $232,000 and net proceeds of $170,000 after deducting offering expenses.
Employment Matters
On October 3, 2025, the Company amended and restated the employment agreement with its Chief Executive Officer. The amended and restated employment agreement provides, among other things, for the payment of up to twenty-four months of severance compensation for termination under certain circumstances. Following such events, the annual salary for the Company’s Chief Executive Officer is $475,000 and potential severance payments to the Company’s Chief Executive Officer is $1,425,000 if triggered (Note 5). On October 18, 2025, the Company terminated the employment agreement with its Executive Vice President and Chief Operating Officer.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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