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v3.25.2

Property, Plant, and Equipment, net | 12 Months Ended
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Mar. 31, 2025
Property, Plant and Equipment [Abstract] |
Property, Plant, and Equipment, net | Note 7. Property, Plant, and Equipment, net Property, plant, and equipment consist of the following:
|  | (In thousands) |
|  | March 31, 2025 |  |  | March 31, 2024 |
Fiber plant |  | $ | 21,375 |  |  | $ | - |
Equipment |  |  | 9,794 |  |  |  | 305 |
Leasehold improvements |  |  | 580 |  |  |  | 2 |
Furniture and fixtures |  |  | 249 |  |  |  | 6 |
Towers |  |  | 36 |  |  |  | - |
Total, property, plant, and equipment in service |  |  | 32,034 |  |  |  | 313 |
Property, plant, and equipment under construction |  |  | 346 |  |  |  | - |
Total property, plant, and equipment |  |  | 32,380 |  |  |  | 313 |
Less: accumulated depreciation |  |  | (1,435 | ) |  |  | (238 | )
Total property, plant, and equipment, net |  | $ | 30,945 |  |  | $ | 75 |
Depreciation expense was $1.5 million and $0.1 million for the fiscal year ended March 31, 2025 and 2024, respectively. Depreciation expense is included in depreciation and amortization in the consolidated statements of operations.

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