v3.26.1
Note 3 - Property and Equipment
 12 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

Note 3 — Property and Equipment

 

The Company’s property and equipment at March 31, 2026 and 2025 was as follows (in thousands):

 

  

March 31,

  

March 31,

 
  

2026

  

2025

 

Property and equipment, net

        

Computer, machinery, and software equipment

 $134  $132 

Furniture and fixtures

  14   14 

Leasehold improvements

  91   91 

Right-of-use assets

  166   - 

Capitalized internally developed software

  -   944 

Total property and equipment

  405   1,181 

Less accumulated depreciation and amortization

  (201)  (1,122)

Total property and equipment, net

 $204  $59 

 

Depreciation expense was $0.1 million and $0.2 million for the years ended March 31, 2026 and 2025, respectively. The Company recorded an impairment of none and $0.2 million and none for the years ended March 31, 2026 and 2025, respectively. The impairment for the year ended March 31, 2025 can be attributed to the Company ceasing to use some of its internally developed software.