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INTANGIBLE ASSETS
 12 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 5 – INTANGIBLE ASSETS

 

Amortized intangible assets  (in thousands) 
   As of
March 31,
2025
($)		   As of
March 31,
2024
($)		 
Patents   530    836 
Other intangibles   34    34 
Accumulated amortization   (205)   (181)
Total amortized intangible assets   359    689 
           
Unamortized intangible assets          
Patents   630    521 
Software development cost   863    406 
Total unamortized intangible assets   1,493    927 
Total intangible assets   1,852    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 note reflects the abandonment and expiration of certain non-core patent applications that management determined no longer aligned with the Company’s strategic focus or had limited commercial potential. The related assets were fully impaired and removed from the balance sheet. The expense was recognized in the consolidated statements of operations as part of general and administrative expenses. The Company continues to evaluate its intellectual property portfolio to ensure alignment with its long-term development and commercialization strategy. 

 

Estimated amortization expense   (in thousands)
($)		  
For the year ended 2026     55  
For the year ended 2027     60  
For the year ended 2028     66  
For the year ended 2029     73  
For the year ended 2030     80