v3.26.1
Property and Equipment, Net
12 Months Ended
Mar. 31, 2026
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,
20262025
Laboratory equipment$854 $1,335 
Tenant improvements194 221 
Computer equipment49 31 
Software184 57 
Office furniture and equipment25 
Manufacturing equipment211 211 
1,500 1,880 
Accumulated depreciation and amortization(1,073)(1,404)
Property and equipment, net$427 $476 
We recognized depreciation expense of $0.2 million and $0.2 million for the years ended March 31, 2026 and 2025, respectively.