XML 48 R19.htm IDEA: XBRL DOCUMENT v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS
 3 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]

NOTE 15 – FAIR VALUE OF FINANCIAL INSTRUMENTS

 

As of June 30, 2025, the Company’s marketable securities consist of liquid funds, 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 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 June 30, 2025, and March 31, 2025, and indicates the fair value hierarchy of the valuation techniques the Company used to determine such fair value:

 

(in thousands)

As of June 30, 2025

 

Particular  Adjusted
Cost
($)		   Gain
($)		   Loss
($)		   Fair Value
($)		   Cash &
Cash
Equivalents
($)		   Short
Term
Investments
($)		 
Level 1                        
Cash   163          -        -    163    163          - 
Money Market Fund   -    -    -    -    -    - 
Debt Funds   -    -    -    -    -    - 
Mutual Fund   -    -    -    -    -    - 
Level 2                              
Certificates of Deposit   291    -    -    291    291    - 
Level 3   -    -    -    -    -    - 
TOTAL   454    -    -    454    454    - 

 

As of March 31, 2025

 

Particular  Adjusted
Cost
($)		   Gain
($)		   Loss
($)		   Fair Value
($)		   Cash &
Cash
Equivalents
($)		   Short
Term
Investments
($)		 
Level 1                        
Cash   368          -         -    368    368          - 
Money Market Fund   -    -    -    -    -    - 
Debt Funds   -    -    -    -    -    - 
Mutual Fund   -    -    -    -    -    - 
Level 2                              
Certificates of Deposit   37    -    -    37    37    - 
Level 3   -    -    -    -    -    - 
TOTAL   405    -    -    405    405    -