Property, Plant, and Equipment, net

12 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

Note 7. Property, Plant, and Equipment, net

Property, plant, and equipment consist of the following:


	(In thousands)
	March 31, 2025			March 31, 2024

Fiber plant	$	21,375		$	-
Equipment		9,794			305
Leasehold improvements		580			2
Furniture and fixtures		249			6
Towers		36			-
Total, property, plant, and equipment in service		32,034			313
Property, plant, and equipment under construction		346			-
Total property, plant, and equipment		32,380			313

Less: accumulated depreciation		(1,435	)		(238	)
Total property, plant, and equipment, net	$	30,945		$	75

Depreciation expense was $1.5 million and $0.1 million for the fiscal year ended March 31, 2025 and 2024, respectively. Depreciation expense is included in depreciation and amortization in the consolidated statements of operations.