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INTANGIBLE ASSETS | 6 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 5 – INTANGIBLE ASSETS
|  | (in thousands) |
|  | As of September 30, 2024 ($) |  |  | As of March 31, 2024 ($) |
Amortized intangible assets |  |  |  |  |  |  |  |
Patents |  |  | 744 |  |  |  | 836 |
Other intangibles |  |  | 34 |  |  |  | 34 |
Accumulated amortization |  |  | (201 | ) |  |  | (181 | )
Total amortized intangible assets |  |  | 577 |  |  |  | 689 |
Other intangible assets |  |  |  |  |  |  |  |
Patents |  |  | 546 |  |  |  | 521 |
Software development cost |  |  | 680 |  |  |  | 406 |
Total unamortized intangible assets |  |  | 1,226 |  |  |  | 927 |
Total intangible assets |  |  | 1,803 |  |  |  | 1,616 |
The value of intangible assets includes the cost of acquiring patent rights, supporting data, and the expense associated with filing various patent applications in different countries along with granted patents. It also includes acquisition costs related to domains and licenses. The amortization of patent and patent rights with finite life is up to 20 years, commencing from the date of grant or acquisition. The amortization expense in the three months ended September 30, 2024, and 2023, amounted to approximately $20 thousand and $18 thousand, respectively, whereas the amortization expense in the six months ended September 30, 2024, and 2023 amounted to approximately $40 thousand and $36 thousand, respectively. During the three months ended September 30, 2024, the company reversed its obligation towards one of its licensors, which also reversed the amortization expense of approximately $20 thousand. The Company regularly reviews its intangible assets to determine if any intangible asset is other-than-temporarily impaired, which would require the Company to record an impairment charge in the period and concluded that, as of September 30, 2024, there was no impairment.
Estimated annual amortization expense |  | (in thousands) ($) |
For the year ended 2026 |  |  | 89 |
For the year ended 2027 |  |  | 97 |
For the year ended 2028 |  |  | 107 |
For the year ended 2029 |  |  | 118 |
For the year ended 2030 |  |  | 130 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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