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PROPERTY, PLANT AND EQUIPMENT | 9 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 6 – PROPERTY, PLANT, AND EQUIPMENT
|  | (in thousands, except useful life) |
|  | Useful Life (years) |  |  | As of December 31, 2022 ($) |  |  | As of March 31, 2022 ($) |
Land |  | N/A |  |  |  | 4,071 |  |  |  | 4,438 |
Buildings and facilities |  | 25 |  |  |  | 2,310 |  |  |  | 2,810 |
Plant and machinery |  | 5-20 |  |  |  | 3,308 |  |  |  | 4,593 |
Computer equipment |  | 3 |  |  |  | 134 |  |  |  | 241 |
Office equipment |  | 3-5 |  |  |  | 82 |  |  |  | 145 |
Furniture and fixtures |  | 5 |  |  |  | 91 |  |  |  | 141 |
Vehicles |  | 5 |  |  |  | 101 |  |  |  | 163 |
Construction in progress |  | N/A |  |  |  | - |  |  |  | 108 |
Total gross value |  |  |  |  |  | 10,097 |  |  |  | 12,639 |
Less: Accumulated depreciation |  |  |  |  |  | (1,788 | ) |  |  | (3,220 | )
Total property, plant, and equipment, net |  |  |  |  |  | 8,309 |  |  |  | 9,419 |
The depreciation expense in the three months ended December 31, 2022, and 2021 amounted to approximately $158 thousand and $117 thousand, respectively. The depreciation expense in the nine months ended December 31, 2022, and 2021 amounted to approximately $466 thousand and $427 thousand, respectively. The net decrease in total Property, Plant, and Equipment is primarily due to depreciation and foreign exchange translations of an increase in the value of foreign currencies. As of December 31, 2022, the Company disposed of fully depreciated assets in the amount of approximately $1.6 million from its subsidiaries. This resulted in a reduction in the value of total gross assets but did not affect the net value of assets as the disposed assets had previously been fully depreciated. In addition, the Company sold a property in Puerto Rico for net proceeds of approximately $485 thousand (acquired for approximately $480 thousand) and accounted for a profit of approximately $5 thousand in other income. For more information, please refer to Note 16 – “Segment Information” for the non-current assets other than financial instruments held in the country of domicile and foreign countries.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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