Note 4 - Equipment and Leasehold Improvements

9 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

4. EQUIPMENT AND LEASEHOLD IMPROVEMENTS

Equipment and leasehold improvements consist of the following at:

	Dec ember 3 1 , 2019			March 31, 2019
	(in thousands)
Equipment	$	18,804		$	18,679
Leasehold improvements		14,735			14,723
Furniture and fixtures		369			348
		33,908			33,750
Less accumulated depreciation and amortization		(20,702	)		(19,254	)
Construction-in-progress		268			256
Equipment and leasehold improvements, net	$	13,474		$	14,752

Management has determined

no

asset impairment existed as of

December 31, 2019

and

March 31, 2019,

respectively. Depreciation and amortization expense were approximately

$487,000

and

$471,000

for the

three

months ended

December 31, 2019

and

2018,

respectively. Depreciation and amortization expense were approximately

$1,458,000

and

$1,421,000

for the

nine

months ended

December 31, 2019

and

2018,

respectively.