XML 23 R11.htm IDEA: XBRL DOCUMENT v3.25.0.1
INTANGIBLE ASSETS
 9 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 5 – INTANGIBLE ASSETS

 

   (in thousands) 
  

As of
December 31,
2024
($)

  

As of
March 31,
2024
($)

 
Amortized intangible assets        
Patents   748    836 
Other intangibles   34    34 
Accumulated amortization   (211)   (181)
Total amortized intangible assets   571    689 
           
Other intangible assets          
Patents   556    521 
Software development cost   742    406 
Total unamortized intangible assets   1,298    927 
Total intangible assets   1,869    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 December 31, 2024, and 2023, amounted to approximately $17 thousand and $20 thousand, respectively, whereas the amortization expense in the nine months ended December 31, 2024, and 2023 amounted to approximately $54 thousand and $55 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, 2024, there was no impairment.

 

Estimated annual amortization expense 

(in thousands)

($)

 
For the year ended 2026   59 
For the year ended 2027   65 
For the year ended 2028   72 
For the year ended 2029   79 
For the year ended 2030   87