XML 26 R16.htm IDEA: XBRL DOCUMENT v3.25.4
PROPERTY, PLANT AND EQUIPMENT, NET
9 Months Ended
Dec. 31, 2025
PROPERTY, PLANT AND EQUIPMENT, NET  
PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 9 - PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net included the following as of:

  ​ ​ ​

December 31, 2025

  ​ ​ ​

March 31, 2025

Land

$

110

$

110

Building and improvements

 

3,294

3,294

Machinery equipment, furniture, and fixtures

 

25,713

26,605

Construction-in-progress

 

147

147

Total property, plant, and equipment

 

29,264

30,156

Less: accumulated depreciation

 

(17,894)

(16,365)

Total property, plant and equipment, net

$

11,370

$

13,791

For the three and nine months ended December 31, 2025 and 2024, we recorded depreciation expense of $514 and $1,551, and $525 and $1,565, 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.