Fixed Assets

12 Months Ended

Mar. 31, 2021

Property Plant And Equipment [Abstract]

Fixed Assets

Note 2. Fixed Assets

Fixed assets consisted of the following (in thousands):

	March 31, 2021			March 31, 2020
Laboratory equipment	$	978		$	—
Computer software and equipment		405			415
Fixed Assets, gross		1,383			415
Less accumulated depreciation		(1,002	)		(415	)
Fixed Assets, net	$	381		$	—

As of March 31, 2021, all of the Company’s fixed assets were active and in use. Depreciation expense for the years ended March 31, 2021 and 2020 was approximately $27,000 and $1,128,000, respectively.

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

	March 31, 2021		March 31, 2020
Laboratory equipment	$	—	$	683
Vehicles		—		9
Assets held for sale, gross		—		692
Less accumulated depreciation		—		(659	)
Assets held for sale, net	$	—	$	33

As of March 31, 2020, all of the Company’s vehicles and lab equipment were categorized as held for sale. Assets held for sale are reflected on the consolidated balance sheet as other current assets.