Note 4 - Equipment and Leasehold Improvements

9 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

4. EQUIPMENT AND LEASEHOLD IMPROVEMENTS

Equipment and leasehold improvements consist of the following:

	Dec ember 3 1 , 2018			March 31, 2018
	(in thousands)
Equipment	$	18,312		$	17,935
Leasehold improvements		14,288			14,248
Furniture and fixtures		348			348
		32,948			32,531
Less accumulated depreciation and amortization		(18,767	)		(17,346	)
Construction-in-progress		1,002			549
Equipment and leasehold improvements, net	$	15,183		$	15,734

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of such assets

may

not

be recoverable. Recoverability of these assets is measured by a comparison of the carrying amount to forecasted undiscounted future cash flows expected to be generated by the asset. If the carrying amount exceeds its estimated future cash flows, then an impairment charge is recognized to the extent that the carrying amount exceeds the asset’s fair value. Management has determined

no

asset impairment existed as of

December 

31,

2018

and

March 31, 2018,

respectively.