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INTANGIBLE ASSETS | 9 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 5 – INTANGIBLE ASSETS
|  | (in thousands) |
|  | As of December 31, 2023 ($) |  |  | As of March 31, 2023 ($) |
Amortized intangible assets |  |  |  |  |  |  |  |
Patents |  |  | 735 |  |  |  | 709 |
Other intangibles |  |  | 34 |  |  |  | 34 |
Accumulated amortization |  |  | (162 | ) |  |  | (107 | )
Total amortized intangible assets |  |  | 607 |  |  |  | 636 |
Other intangible assets |  |  |  |  |  |  |  |
Patents |  |  | 575 |  |  |  | 534 |
Other intangibles |  |  | - |  |  |  | - |
Total unamortized intangible assets |  |  | 575 |  |  |  | 534 |
Total intangible assets |  |  | 1,182 |  |  |  | 1,170 |
The value of intangible assets includes the cost of acquiring patent rights, supporting data, and the expense associated with filing of patent applications. It also includes acquisition costs related to domains and licenses. The intangible with finite life is up to 20 years are amortized on straight-line basis, commencing from the date of grant or acquisition. The amortization expense in the three months ended December 31, 2023, and 2022, amounted to approximately $19 thousand and $14 thousand, respectively, whereas the amortization expense in the nine months ended December 31, 2023, and 2022 amounted to approximately $55 thousand and $38 thousand, respectively. The Company regularly reviews its intangible assets to determine if any intangible asset is other-than-temporarily impaired, which would require the Company to record an impairment charge in the period and concluded that, as of December 31, 2023, there was no impairment.
Estimated annual amortization expense |  | (in thousands) ($) |
For the year ended 2025 |  |  | 81 |
For the year ended 2026 |  |  | 89 |
For the year ended 2027 |  |  | 98 |
For the year ended 2028 |  |  | 108 |
For the year ended 2029 |  |  | 119 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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