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FAIR VALUE OF FINANCIAL INSTRUMENTS
 9 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]

NOTE 15 – FAIR VALUE OF FINANCIAL INSTRUMENTS

 

As of December 31, 2024, the Company’s investments may consist of money market funds, debt and equity funds, and other marketable securities, among others, which have been classified as Level 1 of the fair value hierarchy because they have been valued using quoted prices in active markets. The Company’s cash and cash equivalents have also been classified as Level 1 on the same principle. Financial instruments are classified as current if they are expected to be liquidated within the next twelve months. The Certificates of Deposit are classified as Level 2 as they do not have regular market pricing, but their fair value can be determined based on other data values or market prices. The Company’s remaining investments have been classified as Level 3 instruments as there is little or no market data. Level 3 investments are valued using the cost method.

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of December 31, 2024, and March 31, 2024, and indicates the fair value hierarchy of the valuation techniques the Company used to determine such fair value:

 

(in thousands)

As of December 31, 2024

 

Particular 

Adjusted Cost

($)

  

Gain

($)

  

Loss

($)

  

Fair Value

($)

  

Cash &

Cash Equivalents

($)

  

Short Term

Investments

($)

 
Level 1                        
Cash   395      -      -    395    395        - 
Money Market Fund   -    -    -    -    -    - 
Debt Funds   -    -    -    -    -    - 
Mutual Fund   -    -    -    -    -    - 
Level 2                              
Certificates of Deposit   75    -    -    75    75    - 
Level 3                            - 
TOTAL   470    -    -    470    470    - 

 

As of March 31, 2024

 

Particular 

Adjusted Cost

($)

  

Gain

($)

  

Loss

($)

  

Fair Value

($)

  

Cash &

Cash Equivalents

($)

  

Short Term

Investments

($)

 
Level 1                        
Cash   912      -      -    912    912       - 
Money Market Fund   -    -    -    -    -    - 
Debt Funds   13    -    -    13    13    - 
Mutual Fund   123    -    -    123    123    - 
Level 2                              
Certificates of Deposit   150    -    -    150    150    - 
Level 3   -    -    -    -    -    - 
TOTAL   1,198    -    -    1,198    1,198    -