7.
Intangible Assets
The
Company’s intangible assets consisted of the following:
Schedule
of Intangible Assets
| | |
September
30, 2025 | | |
March
31, 2025 | |
| (In thousands) | |
(Unaudited) | | |
| | |
| | |
| |
| Finite-lived intangible assets
(1): | |
Intangibles,
Gross | | |
Accumulated
Amortization | | |
Intangibles,
Net | | |
Intangibles,
Gross | | |
Accumulated
Amortization | | |
Intangibles,
Net | |
| Patents
issued and pending | |
$ | 2,336 | | |
$ | (1,750 | ) | |
$ | 586 | | |
$ | 2,335 | | |
$ | (1,708 | ) | |
$ | 627 | |
| Exclusivity
rights and licenses | |
| 168 | | |
| (113 | ) | |
| 55 | | |
| 168 | | |
| (111 | ) | |
| 57 | |
| Total
finite-lived intangible assets | |
$ | 2,504 | | |
$ | (1,863 | ) | |
$ | 641 | | |
$ | 2,503 | | |
$ | (1,819 | ) | |
$ | 684 | |
| Finite-lived
intangible assets (1): | |
September
30, 2025 Weighted Average Life | |
| Patents
issued and pending | |
| 12.5 | |
| Exclusivity
rights and licenses | |
| 4.5 | |
| (1) |
Finite-lived
intangible assets have estimated useful lives of five to twenty years, and are being amortized to operating expenses on a straight-line
basis. |
For
the three and six months ended September 30, 2025 and 2024, amortization expense was less than $0.1 million.
ZRCN
Inc.
CONDENSED
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
FOR
THE SIX MONTHS ENDED SEPTEMBER 30, 2025 AND 2024
Expected
future amortization expense of acquired finite-lived intangible assets as of September 30, 2025 is as follows:
Schedule
of Future Amortization Expense
| For
the Years Ending March 31, (In thousands) | |
Amount | |
| Remainder of
2026 | |
$ | 96 | |
| 2027 | |
| 130 | |
| 2028 | |
| 125 | |
| 2029 | |
| 100 | |
| 2030 | |
| 95 | |
| Thereafter | |
| 95 | |
| Total | |
$ | 641 | |
|