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

NOTE 4 — PROPERTY AND EQUIPMENT:

As of March 31, 2020 and 2019, property, plant and equipment is comprised of the following:

 

 

 

2020

 

 

2019

 

 

 

(In thousands)

 

Computer equipment and software

 

$

217

 

 

$

243

 

Furniture and fixtures

 

 

167

 

 

 

167

 

Leasehold improvements

 

 

8

 

 

 

8

 

 

 

 

392

 

 

 

418

 

Less accumulated depreciation and amortization

 

 

(388

)

 

 

(412

)

 

 

$

4

 

 

$

6

 

 

Depreciation of property and equipment amounted to approximately $2,000 and $5,000 for the twelve months ended March 31, 2020 and 2019, respectively. During fiscal 2020, the Company disposed of property, plant and equipment with gross book values totaling approximately $26,000. The Company recognized a total net loss of nil on these disposals in fiscal 2020. During fiscal 2019, the Company disposed of property, plant and equipment with gross book values totaling approximately $103,000. The Company recognized a total net loss of $2,000 on these disposals in fiscal 2019.