Note 4 - Property and Equipment |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Property, Plant, and Equipment [Text Block] |
Note 4 — Property and Equipment
The Company’s property and equipment at March 31, 2026 and 2025 was as follows (in thousands):
Depreciation expense was $1.0 million and $3.4 million for the years ended March 31, 2026 and 2025, respectively.
As a result of the ART19 agreement and the change in terms with our largest OEM, the Company revaluated the lives of certain fixed assets and recorded and impairment of $2.8 million attributed to property and equipment for the year ended March 31, 2025 attributed to our Slacker and PodcastOne reporting units. No impairment was recorded for the year ended March 31, 2026.
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