Note 4 - Equipment and Leasehold Improvements

9 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

4. EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

Equipment and leasehold improvements, net consist of the following as of:

	December 31, 2024			March 31, 2024
	(in thousands)
Equipment	$	21,942		$	21,904
Leasehold improvements		15,075			15,075
Furniture and fixtures		419			419
		37,436			37,398
Less accumulated depreciation and amortization		(28,578	)		(27,500	)
Construction-in-progress		398			211
Equipment and leasehold improvements, net	$	9,256		$	10,109

Management has determined that no asset impairment existed as of December 31, 2024. Depreciation and amortization expense were approximately $370,000 and $395,000 for the three months ended December 31, 2024 and 2023, respectively. Depreciation and amortization expense were approximately $1,121,000 and $1,206,000 for the nine months ended December 31, 2024 and 2023, respectively.