Property and Equipment

12 Months Ended

Mar. 31, 2023

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,				Estimated Useful Life (in years)
	2023		2022
Machinery and equipment	11,124		$	15,255	5
Computer equipment and software	887		872		3
Furniture and fixtures	75		179		7
Leasehold improvements (1)	5,069		4,950		7
Construction in progress	6,446		384
Property and equipment, gross	23,601		21,640
Less: accumulated depreciation and amortization	(15,711)		(19,991)
Property and equipment, net	$	7,890	$	1,649

(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 $0.7 million and $0.5 million for the years ended March 31, 2023 and 2022, respectively.

The Company recognized $0.1 million as gain on sale of equipment in Other income, net for the year ended March 31, 2023.