v3.25.2
Note 4 - Equipment and Leasehold Improvements, Net
12 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

4.

EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

 

Equipment and leasehold improvements, net consist of the following as of March 31, 2025 and 2024:

 

  

2025

  

2024

 
  

(in thousands)

 

Equipment

 $21,972  $21,904 

Leasehold improvements

  15,138   15,075 

Furniture and fixtures

  419   419 
   37,529   37,398 

Less accumulated depreciation and amortization

  (28,885)  (27,500)

Construction in-progress

  283   211 

Equipment and leasehold improvements, net

 $8,927  $10,109 

 

Management has determined that $5,000 of asset impairment existed as of March 31, 2025 and the impairment losses were included in other income (expense) on the consolidated statements of operations. Management has determined that no asset impairment existed as of March 31, 2024.

 

Depreciation and amortization expense were approximately $1,479,000 and $1,589,000 for the years ended March 31, 2025 and 2024, respectively.