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INTANGIBLE ASSETS
 3 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 5 – INTANGIBLE ASSETS

 

   (in thousands) 
   As of
June 30,
2025
($)		   As of
March 31,
2025
($)		 
Amortized intangible assets        
Patents   530    530 
Other intangibles   34    34 
Accumulated amortization   (219)   (205)
Total amortized intangible assets   345    359 
           
Other intangible assets          
Patents   645    630 
Software development cost   1,007    863 
Total unamortized intangible assets   1,652    1,493 
Total intangible assets   1,997    1,852 

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 patents 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 June 30, 2025, and 2024, amounted to approximately $14 thousand and $20 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 June 30, 2025, there was no impairment.

 

Estimated annual amortization expense   (in thousands)
($)		  
For the year ended 2027     59  
For the year ended 2028     65  
For the year ended 2029     72  
For the year ended 2030     79  
For the year ended 2031     87