v3.26.1
Property, plant & equipment, net
12 Months Ended
Mar. 31, 2026
Property, plant and equipment [abstract]  
Property, plant & equipment, net

Note 10 — Property, plant & equipment, net

 

 

Lab Equipment

 

 

Computer Equipment

 

 

Capitalized Software

 

 

Total

 

Cost

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2024

 

$

890,867

 

 

$

11,859

 

 

$

49,771

 

 

$

952,497

 

Additions

 

 

594,401

 

 

 

9,489

 

 

 

 

 

 

603,890

 

Disposals

 

 

 

 

 

 

 

 

 

 

 

 

Effects of currency translation

 

 

(11,607

)

 

 

(148

)

 

 

(206

)

 

 

(11,961

)

Balance as of March 31, 2025

 

$

1,473,661

 

 

$

21,200

 

 

$

49,565

 

 

$

1,544,426

 

Additions

 

 

252,544

 

 

 

3,287

 

 

 

 

 

 

255,831

 

Disposals

 

 

 

 

 

(691

)

 

 

 

 

 

(691

)

Effects of currency translation

 

 

90,848

 

 

 

6,387

 

 

 

3,056

 

 

 

100,291

 

Balance as of March 31, 2026

 

$

1,817,053

 

 

$

30,183

 

 

$

52,621

 

 

$

1,899,857

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2024

 

$

52,671

 

 

$

2,199

 

 

$

 

 

$

54,870

 

Depreciation

 

 

251,533

 

 

 

5,155

 

 

 

9,913

 

 

 

266,601

 

Disposals

 

 

 

 

 

 

 

 

 

 

 

 

Effects of currency translation

 

 

(3,570

)

 

 

(71

)

 

 

 

 

 

(3,641

)

Balance as of March 31, 2025

 

$

300,634

 

 

$

7,283

 

 

$

9,913

 

 

$

317,830

 

Depreciation

 

 

343,255

 

 

 

8,326

 

 

 

9,648

 

 

 

361,229

 

Disposals

 

 

 

 

 

(265

)

 

 

32,452

 

 

 

32,187

 

Effects of currency translation

 

 

18,510

 

 

 

700

 

 

 

608

 

 

 

19,818

 

Balance as of March 31, 2026

 

$

662,399

 

 

$

16,044

 

 

$

52,621

 

 

$

731,064

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net book value at March 31, 2025

 

 

1,173,027

 

 

 

13,917

 

 

 

39,652

 

 

 

1,226,596

 

Net book value at March 31, 2026

 

 

1,154,654

 

 

 

14,139

 

 

 

 

 

 

1,168,793

 

 

Depreciation expense for the years ended March 31, 2026, 2025 and 2024 was $361,229, $266,601, and $54,870, respectively.