v3.25.2
Property and Equipment, Net
 12 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
As of March 31,
20252024
Laboratory equipment$1,335 $1,242 
Tenant improvements221 214 
Computer equipment31 — 
Software57 — 
Office furniture and equipment25 22 
Manufacturing equipment211 211 
1,880 1,689 
Accumulated depreciation and amortization(1,404)(1,254)
Property and equipment, net$476 $435 

We recognized depreciation expense of $150,000 and $127,000 for the years ended March 31, 2025 and 2024, respectively.