Note 7 - Property, Plant, and Equipment, Net

6 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 7. Property, Plant, and Equipment, net

Property, plant, and equipment consist of the following:

	(In thousands)
	September 30, 2025			March 31, 2025
Fiber plant	$	29,835		$	21,375
Equipment		10,669			9,794
Leasehold improvements		592			580
Furniture and fixtures		281			249
Tower Sites and Construction Equipment		36			36
Total, property, plant, and equipment in service		41,413			32,034
Property, plant, and equipment under construction		878			346
Total property, plant, and equipment		42,291			32,380
Less: accumulated depreciation		(2,614	)		(1,435	)
Total property, plant, and equipment, net	$	39,677		$	30,945

Depreciation expense was $719 thousand and $1.2 million for the three and six months ended September 30, 2025, respectively. Depreciation expense was $306 thousand and $367 thousand for the three and six months ended September 30, 2024 respectively, Depreciation expense is included in depreciation and amortization in the condensed consolidated statements of operations.