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Note 4 - Property and Equipment
 12 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 4 — Property and Equipment

 

The Company’s property and equipment at March 31, 2025 and 2024 was as follows (in thousands):

 

  

As of March 31,

 
  

2025

  

2024

 

Property and equipment, net

        

Computer, machinery, and software equipment

 $2,597  $6,564 

Furniture and fixtures

  564   556 

Leasehold improvements

  597   597 

Capitalized internally developed software

  18,669   18,109 

Total property and equipment

  22,427   25,826 

Less accumulated depreciation and amortization

  (21,534)  (22,180)

Total property and equipment, net

 $893  $3,646 

 

Depreciation and amortization expense was $3.4 million and $3.3 million for the years ended March 31, 2025 and 2024, respectively. 

 

As a result of the ART19 agreement and the change in terms with our largest OEM, the Company revaluated the lives of certain fixed assets and recorded and impairment of $2.8 million attributed to property and equipment for the year ended March 31, 2025 attributed to our Slacker and PodcastOne reporting units. No impairment was recorded for the year ended March 31, 2024.