v3.26.1
Note 3 - Property and Equipment
3 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

Note 3 Property and Equipment

 

The Company’s property and equipment at June 30, 2026 and March 31, 2026 was as follows (in thousands):

 

  

June 30,

  

March 31,

 
  

2026

  

2026

 

Property and equipment, net

        

Computer, machinery, and software equipment

 $134  $134 

Furniture and fixtures

  14   14 

Leasehold improvements

  91   91 

Right-of-use assets

  140   166 

Total property and equipment

  379   405 

Less accumulated depreciation and amortization

  (206)  (201)

Total property and equipment, net

 $173  $204 

 

Depreciation expense was $5,000 and $25,000 for the three months ended June 30, 2026 and 2025, respectively. 

 

During the three months ended June 30, 2025 the Company wrote off $0.9 million of internally developed software and the corresponding accumulated depreciation as a result of no longer using the software in operations.