Fixed Assets

12 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Note 3. Fixed Assets

Fixed assets consisted of the following (in thousands):


	March 31, 2026			March 31, 2025
Laboratory equipment	$	1,630		$	1,630
Furniture and fixtures		66			66
Computer software and equipment		244			244
Fixed Assets, gross		1,940			1,940
Less accumulated depreciation		(1,734	)		(1,521	)
Fixed Assets, net	$	206		$	419

As of March 31, 2026 and 2025, all of the Company’s fixed assets were active and in use. Depreciation expense for each of the years ended March 31, 2026 and 2025 was approximately $0.2 and $0.3 million, respectively.