| NOTE 4 - BALANCE SHEET DETAIL |
NOTE 4—BALANCE SHEET DETAIL | | | | | | | | | | | | | | June 30, 2026 | | March 31, 2026 | | | | | (In thousands) | | Inventories: | | | | Work-in-progress | | $ | 2,362 | | $ | 1,978 | | Finished goods | | | 2,179 | | | 2,101 | | Inventory at distributors | | | 1 | | | — | | | | $ | 4,542 | | $ | 4,079 | |
| | | | | | | | | | | | | | | | | | June 30, 2026 | | March 31, 2026 | | | | | (In thousands) | | Accounts receivable, net: | | | | | | | | Accounts receivable | | $ | 2,650 | | $ | 4,389 | | Less: Allowances for credit losses | | | (143) | | | (152) | | | | $ | 2,507 | | $ | 4,237 | |
| | | | | | | | | | | | | | | | | | June 30, 2026 | | March 31, 2026 | | | | | (In thousands) | | Prepaid expenses and other current assets: | | | | | | | | Prepaid tooling and masks | | $ | 1,034 | | $ | 593 | | Other receivables | | | 331 | | | 88 | | Other prepaid expenses and other current assets | | | 4,333 | | | 2,978 | | | | $ | 5,698 | | $ | 3,659 | |
| | | | | | | | | | | | | | | | | | June 30, 2026 | | March 31, 2026 | | | | | (In thousands) | | Property and equipment, net: | | | | | | | | Computer and other equipment | | $ | 18,544 | | $ | 18,187 | | Software | | | 4,426 | | | 4,426 | | Furniture and fixtures | | | 102 | | | 102 | | Leasehold improvements | | | 942 | | | 942 | | | | | 24,014 | | | 23,657 | | Less: Accumulated depreciation | | | (22,888) | | | (22,774) | | | | $ | 1,126 | | $ | 883 | |
Depreciation expense was $114,000 and $90,000 for the three months ended June 30, 2026 and 2025, respectively. The following tables summarize the components of intangible assets and related accumulated amortization balances at June 30, 2026 and March 31, 2026 (in thousands): | | | | | | | | | | | | As of June 30, 2026 | | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net Carrying
Amount | Intangible assets: | | | | | | | | | | Product designs | | $ | 590 | | $ | (590) | | $ | — | Patents | | | 4,220 | | | (3,189) | | | 1,031 | Software | | | 80 | | | (80) | | | — | Total | | $ | 4,890 | | $ | (3,859) | | $ | 1,031 |
| | | | | | | | | | | | As of March 31, 2026 | | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net Carrying
Amount | Intangible assets: | | | | | | | | | | Product designs | | $ | 590 | | $ | (590) | | $ | — | Patents | | | 4,220 | | | (3,131) | | | 1,089 | Software | | | 80 | | | (80) | | | — | Total | | $ | 4,890 | | $ | (3,801) | | $ | 1,089 |
Amortization of intangible assets included in cost of revenues was $58,000 and $59,000 for the three months ended June 30, 2026 and 2025, respectively. The Company reviews identifiable amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Determination of recoverability is based on the lowest level of identifiable estimated undiscounted cash flows resulting from use of the asset and its eventual disposition. Measurement of any impairment loss is based on the excess of the carrying value of the asset over its fair value. There were no impairment indicators noted as of June 30, 2026. As of June 30, 2026, the estimated future amortization expense of intangible assets in the table above is as follows (in thousands): | | | | | Fiscal year ending March 31, | | | | 2027 (remaining nine months) | | $ | 175 | | 2028 | | | 233 | | 2029 | | | 233 | | 2030 | | | 233 | | 2031 | | | 157 | | Total | | $ | 1,031 | |
| | | | | | | | | | | | | | | | | | June 30, 2026 | | March 31, 2026 | | | | | (In thousands) | | Accrued expenses and other liabilities: | | | | | | | | Accrued compensation | | $ | 2,731 | | $ | 2,421 | | Accrued commissions | | | 148 | | | 168 | | Purchased intellectual property | | | 917 | | | 917 | | Others | | | 535 | | | 588 | | | | $ | 4,331 | | $ | 4,094 | |
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