v3.25.2
Intangible Assets
6 Months Ended
Sep. 30, 2024
Intangible Assets [Abstract]  
Intangible Assets
6. Intangible Assets

 

   Cost
$000
   Accumulated
amortization
$000
   Cumulative
impairment
$000
   September 30,
2024
Net carrying value
$000
   March 31,
2024
Net carrying value
$000
 
                     
Patents and technical information   36,340    (10,228)   (25,150)   962    1,045 
Software licensing   8    (7)       1    3 
Total   36,348    (10,235)   (25,150)   963    1,048 

 

The Company recorded $43,000 (2023 – $237,000) and $85,000 (2023 – $491,000) of amortization cost on intangible assets for the three and six months ended September 30, 2024 respectively.

 

The Company has allocated $42,000 (2023 - $237,000) and $84,000 (2023 – $489,000) of amortization of patents and technical information to cost of goods sold for the three and six months ended September 30, 2024 respectively. Nil (2023 – $1,000) and $1,000 (2023 – $1,000) of amortization of software licensing has been allocated to amortization expense for the three and six months ended September 30, 2024 respectively.

 

Future amortization of intangible assets is as follows:

 

Fiscal year  $000 
2025 (remaining)   85 
2026   168 
2027   168 
2028   168 
2029   168 
Thereafter   206 
Total   963