Segment Information |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Information |
19. Segment Information Segment Structure The Company operates as a single reportable segment encompassing the development, manufacture, sale, and rental of microturbine energy systems and their related parts and services. This determination is consistent with how the Company's Chief Executive Officer (the "CODM") evaluates performance and allocates resources on a consolidated basis. The CODM assesses segment performance using consolidated net income (loss) on a GAAP basis, consistent with the basis of presentation in these financial statements. This measure is compared against prior periods and forecasted results to support operational decision-making, cost management, and business expansion initiatives. The CODM does not evaluate the segment using asset or liability information, and there are no intersegment sales or transfers within the consolidated entity. Segment Profit or Loss and Reconciliation to Consolidated Statements of Operations The following table presents reported segment revenue, gross profit, significant segment expenses regularly provided to the CODM, and a reconciliation to consolidated net income (loss) (in thousands):
Significant Segment Expenses In accordance with ASU 2023-07, Segment Reporting: Improvements to Reportable Segment Disclosures (Topic 280), the following describes the significant expense categories regularly provided to the CODM and included in the segment profit or loss measure: Cost of Revenue includes direct materials, direct labor, manufacturing overhead, warranty costs, and the cost of services performed under FPP and LTMA agreements. Research and Development includes salaries, materials, and overhead costs associated with the design, development, and improvement of the Company's microturbine technology. Selling, General and Administrative includes salaries and benefits for sales, marketing, and administrative personnel, commissions, marketing expenses, occupancy costs, and other general corporate expenses. Non-Recurring Professional Expenses includes costs that are separately identified and regularly presented to the CODM because they are not reflective of the Company's underlying operating performance. These consist of restructuring costs, financing transaction fees, shareholder litigation expenses, non-recurring legal costs, financial statement restatement expenses, and costs related to the SEC investigation. Measure of Segment Profitability For Fiscal 2026, the CODM's primary measure of segment performance is consolidated net income, reflecting the Company's return to profitability. For Fiscal 2025, this measure was consolidated net loss. In both periods, the CODM evaluates performance against prior period results and internal forecasts to assess operational efficiency and progress against the Company's strategic objectives.
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