Property and Equipment

12 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment as of the dates presented consists of the following (in thousands except years):

	March 31, 2022		March 31, 2021		Estimated Useful Life (in years)
Machinery and equipment	$	15,255	$	14,748	5
Computer equipment and software	872		836		3
Furniture and fixtures	179		185		7
Leasehold improvements (1)	4,950		4,959		7
Construction in progress	384		137
Property and equipment, gross	21,640		20,865
Less: accumulated depreciation and amortization	(19,991)		(19,505)
Property and equipment, net	$	1,649	$	1,360

(1) Leasehold improvements are amortized on a straight-line basis over the shorter of their estimated useful lives or the related remaining lease term.

The Company recorded depreciation and amortization expense related to property and equipment of $546 thousand for the year ended March 31, 2022, $123 thousand for the three months ended March 31, 2021 and $509 thousand for the year ended December 31, 2020.

The Company recognized $40 thousand as gain on sale of equipment in general and administrative expense for the three months ended March 31, 2021.