v3.25.3
Note 4 - Equipment and Leasehold Improvements, Net
6 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

4.

EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

 

Equipment and leasehold improvements, net consist of the following as of:

 

  

September 30,

2025

  

March 31,

2025

 
  

(in thousands)

 

Equipment

 $22,107  $21,972 

Leasehold improvements

  15,138   15,138 

Furniture and fixtures

  419   419 
   37,664   37,529 

Less accumulated depreciation and amortization

  (29,560)  (28,885)

Construction-in-progress

  249   283 

Equipment and leasehold improvements, net

 $8,353  $8,927 

 

Management has determined that no asset impairment existed as of September 30, 2025. Depreciation and amortization expense was approximately $346,000 and $373,000 for the three months ended September 30, 2025 and 2024, respectively. Depreciation and amortization expense was approximately $708,000 and $751,000 for the six months ended September 30, 2025 and 2024, respectively.