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Property Plant and Equipment net
 3 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 6. Property, Plant, and Equipment, net

Property, plant, and equipment consist of the following:

 

 

(In thousands)

 

 

 

June 30, 2024

 

 

March 31, 2024

 

 

 

 

 

 

 

 

Equipment

 

$

4,208

 

 

$

305

 

Construction equipment

 

 

269

 

 

 

-

 

Leasehold improvements

 

 

165

 

 

 

2

 

Furniture and fixtures

 

 

150

 

 

 

6

 

Fiber plant

 

 

13,410

 

 

 

-

 

Customer premise equipment

 

 

805

 

 

 

-

 

Towers

 

 

37

 

 

 

-

 

Land

 

 

667

 

 

 

-

 

Plant in service

 

 

2,971

 

 

 

-

 

Total, property, plant, and equipment in service

 

 

22,682

 

 

 

313

 

Property, plant, and equipment under construction

 

 

1,606

 

 

 

-

 

Total property, plant, and equipment

 

 

24,288

 

 

 

313

 

 

 

 

 

 

 

 

Less: accumulated depreciation

 

 

(295

)

 

 

(238

)

Total property, plant, and equipment, net

 

$

23,993

 

 

$

75

 

 

Depreciation expense was $64 thousand and $22 thousand for the three months ended June 30, 2024 and 2023, respectively, which is included in depreciation and amortization in the condensed consolidated statements of operations.