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Fixed Assets
12 Months Ended
Mar. 31, 2020
Property Plant And Equipment [Abstract]  
Fixed Assets

Note 2. Fixed Assets

Fixed assets consisted of the following (in thousands):

 

 

 

March 31,

2020

 

 

March 31,

2019

 

Construction in Progress

 

$

—

 

 

$

47

 

Laboratory equipment

 

$

—

 

 

$

3,690

 

Leasehold improvements

 

 

—

 

 

 

1,809

 

Computer software and equipment

 

 

415

 

 

 

645

 

Furniture and fixtures

 

 

—

 

 

 

213

 

Vehicles

 

 

—

 

 

 

9

 

Fixed Assets, gross

 

 

415

 

 

 

6,413

 

Less accumulated depreciation

 

 

(415

)

 

 

(4,581

)

Fixed Assets, net

 

$

—

 

 

$

1,832

 

 

Depreciation expense for the years ended March 31, 2020 and 2019 was approximately $1,128,000 and $969,000, respectively.

 

Assets held for sale consisted of the following (in thousands):

 

 

 

March 31,

2020

 

 

March 31,

2019

 

Laboratory equipment

 

$

683

 

 

$

—

 

Vehicles

 

 

9

 

 

 

—

 

Assets held for sale, gross

 

 

692

 

 

 

—

 

Less accumulated depreciation

 

 

(659

)

 

 

—

 

Assets held for sale, net

 

$

33

 

 

$

—

 

 

Assets held for sale are reflected on the consolidated balance sheet at March 31, 2020 as other current assets.