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LEASES

12 Months Ended

Mar. 31, 2025

Disclosure Text Block [Abstract]

Lessee, Operating Leases [Text Block]

NOTE 9 – LEASES

The Company has short-term leases primarily consisting of space with the remaining lease term being less than or equal to 12 months. The Company has one short-term lease as of March 31, 2025. The total short-term lease expense and cash paid for Fiscal 2025 and 2024 are approximately $39 thousand and $100 thousand, respectively.

The Company has operating leases primarily consisting of spaces with the lease term being more than or equal to 12 months. The Company has two operating leases as of March 31, 2025. The total operating leases expense and cash paid for Fiscal 2025 and 2024 are approximately $135 thousand and $141 thousand, respectively. 

		(in thousands) Year Ended March 31, 2025 ($)				(in thousands) Year Ended March 31, 2024 ($)
Operating lease costs			135				141
Short term lease costs			39				100
Total lease costs			174				241

Right of use assets and lease liabilities for our operating leases were recorded in the consolidated balance sheet as follows:

		(in thousands)				(in thousands)
		Year Ended March 31, 2025 ($)				Year Ended March 31, 2024 ($)
Assets
Operating lease asset			98				198
Total lease assets			98				198
Liabilities
Current liabilities:
Accrued liabilities and others (current portion – operating lease liability)			93				124
Noncurrent liabilities:
Operating lease liability (non-current portion – operating lease liability)			10				84
Total lease liability			103				208

Supplemental cash flow and non-cash information related to leases is as follows:		(in thousands) Year Ended March 31, 2025 ($)				(in thousands) Year Ended March 31, 2024 ($)
Cash paid for amounts included in the measurement of lease liabilities
–Operating cash flows from operating leases			129				140
Right-of-use assets obtained in exchange for operating lease obligations			98				198

As of March 31, 2025, the following table summarizes the maturity of our lease liabilities:
Mar-26			96
Mar-27			10
Mar-28			-
Mar-29			-
Less: Present value discount			3
Total Lease liabilities			103

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- References

No definition available.

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- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/842-20/tableOfContent

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