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Property and Equipment
12 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

4. Property and Equipment

Property and equipment as of March 31, 2024 and 2023 is summarized as follows. Depreciation expense was $81 thousand compared to $390 thousand for fiscal years end March 31, 2024 and 2023 respectively.

 

 

 

(In thousands)

 

 

 

Cost

 

 

Accumulated
Depreciation

 

 

Net Carrying
Value

 

2024

 

 

 

 

 

 

 

 

 

Equipment

 

 

305

 

 

 

232

 

 

 

73

 

Furniture and fixtures

 

 

6

 

 

 

6

 

 

 

-

 

Leasehold improvements

 

 

2

 

 

 

-

 

 

 

2

 

 

 

$

313

 

 

$

238

 

 

$

75

 

2023

 

 

 

 

 

 

 

 

 

Software

 

 

113

 

 

 

36

 

 

 

77

 

Equipment

 

 

323

 

 

 

183

 

 

 

140

 

Furniture and fixtures

 

 

9

 

 

 

6

 

 

 

3

 

Leasehold improvements

 

 

2

 

 

 

-

 

 

 

2

 

 

 

$

447

 

 

$

225

 

 

$

222