PROPERTY, PLANT AND EQUIPMENT, NET

6 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT, NET

	(in thousands, except useful life)
	Useful Life (years)		As of September 30, 2020 ($)			As of March 31, 2020 ($)
Land		N/A		4,581			4,508
Buildings & facilities		25		3,807			2,540
Plant and machinery		5-20		4,507			3,867
Computer equipment		3		209			194
Office equipment		5		110			106
Furniture and fixtures		5		126			104
Vehicles		5		121			120
Construction in progress		N/A		-			768
Total Gross Value				13,461			12,207
Less: Accumulated depreciation				(2,555	)		(2,427	)
Total Property, plant and equipment, net				10,906			9,780

The depreciation expense in the three months ended September 30, 2020 and 2019, amounted to approximately $104 thousand and 24, respectively, whereas depreciation expense in the six months ended September 30, 2020 and 2019, amounted to approximately $178 thousand and $41 thousand, respectively. The net increase in total Property, Plant & Equipment is primarily due to the set-up of product manufacturing, processing, and packaging facilities, in the U.S. subsidiaries. The net increase in land and accumulated depreciation is primarily due to foreign exchange translations because of a decline in value of foreign currencies. The construction in progress relates to the Washington facility under construction. For more information, please refer to Note 18 – Segment Information for the non-current assets other than financial instruments held in the country of domicile and foreign countries.