PROPERTY, PLANT AND EQUIPMENT, NET |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| PROPERTY, PLANT AND EQUIPMENT, NET | NOTE 9 - PROPERTY, PLANT AND EQUIPMENT, NET
For the three and six months ended September 30, 2025 and 2024, we recorded depreciation expense of $518 and $1,037, and $520 and $1,040, respectively. In September 2023, the Company signed an agreement to make additional equipment upgrades for a certain customer. We recognize new purchases as a fixed asset and billings for reimbursement from the customer as a contra-asset. Future depreciation of the asset will be offset directly by the amortization of the contra-asset on a net basis in the statement of operations. The amortization period will match the schedule of depreciation set forth under our policies. |
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