Property and Equipment

3 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 6: PROPERTY AND EQUIPMENT

Property and equipment consisted of the following as of June 30, 2020 and March 31, 2020:

	June 30, 2020			March 31, 2020
Zest Labs freshness hardware	$	2,493		$	2,493
Computers and software costs		222			222
Leasehold improvements – Pinnacle Frac		18			18
Machinery and equipment - Technology		200			200
Machinery and equipment – Commodity		3,267			3,405
Total property and equipment		6,200			6,338
Accumulated depreciation and impairment		(2,503	)		(2,373	)
Property and equipment, net	$	3,697		$	3,965

As of June 30, 2020 and March 31, 2020, the Company performed an evaluation of the recoverability of these long-lived assets. The analysis resulted in no impairment as of related to these assets.

The Company acquired $3,423 in property and equipment on March 27, 2020 in the acquisition of Banner Midstream.

Depreciation expense for the three months ended June 30, 2020 and 2019 was $170 and $77, respectively. During the three months ended June 30, 2020, the Company disposed of $188 worth of equipment that had a net value of $148 for cash proceeds of $43, resulting in a loss on disposal of $105.