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PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

Property and equipment were comprised of the following (dollars in thousands):

 

 

 

March 31, 2025

 

 

March 31, 2024

 

Land and land improvements

 

$

433

 

 

$

433

 

Buildings and building improvements

 

 

9,552

 

 

 

9,504

 

Furniture, fixtures and office equipment

 

 

7,886

 

 

 

7,941

 

Leasehold improvements

 

 

493

 

 

 

540

 

Equipment leased to customers

 

 

4,997

 

 

 

4,997

 

Plant equipment

 

 

11,011

 

 

 

11,142

 

Vehicles

 

 

464

 

 

 

959

 

Gross property and equipment

 

 

34,836

 

 

 

35,516

 

Less: accumulated depreciation

 

 

(26,810

)

 

 

(25,923

)

Total property and equipment, net

 

$

8,026

 

 

$

9,593

 

Depreciable lives by asset category are as follows:

 

Land improvements

 

10-15 years

Buildings and building improvements

 

10-39 years

Furniture, fixtures and office equipment

 

2-10 years

Leasehold improvements

 

Shorter of asset life or life of lease

Equipment leased to customers under Power Purchase Agreements

 

20 years

Plant equipment

 

3-10 years

Vehicles

 

5-7 years