v3.26.3
Property and Equipment
 3 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment

6. Property and Equipment

 

Property and equipment consisted of the following:

 

   June 30, 2026   March 31, 2026 
(In thousands)  (Unaudited)     
Manufacturing equipment  $9,911   $9,890 
Computer equipment   2,901    2,901 
Leasehold improvements   1,218    1,205 
Furniture and office equipment   956    946 
Vehicles   274    274 
Property and equipment, gross   15,260    15,216 
Construction in progress   671    654 
Property and equipment before accumulated depreciation and amortization   15,931    15,870 
Less accumulated depreciation and amortization   (14,455)   (14,287)
Property and equipment, net  $1,476   $1,583 

 

 

ZRCN Inc.

CONDENSED NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED JUNE 30, 2026 AND 2025

 

For the three months ended June 30, 2026 and 2025, depreciation and amortization expense was approximately $0.2 million.

 

Construction in progress consists of assets and technologies under development. The Company starts depreciation once the assets are completed and placed in service.