Note 3 - Property and Equipment

6 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 3 — Property and Equipment

The Company’s property and equipment at September 30, 2025 and March 31, 2025 was as follows (in thousands):

	September 30,			March 31,
	2025			2025
Property and equipment, net
Computer, machinery, and software equipment	$	137		$	132
Furniture and fixtures		14			14
Leasehold improvements		91			91
Capitalized internally developed software		-			944
Total property and equipment		242			1,181
Less accumulated depreciation and amortization		(192	)		(1,122	)
Total property and equipment, net	$	50		$	59

Depreciation expense was $6,000 and $66,000 for the three months ended September 30, 2025 and 2024, respectively. Depreciation expense was $32,000 and $0.1 million for the six months ended September 30, 2025 and 2024, respectively. 

During the six months ended September 30, 2025 the Company wrote off $0.9 million of internally developed software and the corresponding accumulated depreciation as a result of no longer using the software in operations.