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Property, Plant, and Equipment, net
 9 Months Ended
Dec. 31, 2024
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)

 

 

 

December 31, 2024

 

 

March 31, 2024

 

 

 

 

 

 

 

 

Equipment

 

$

4,380

 

 

$

305

 

Construction equipment

 

 

323

 

 

 

-

 

Leasehold improvements

 

 

183

 

 

 

2

 

Furniture and fixtures

 

 

201

 

 

 

6

 

Fiber plant

 

 

17,536

 

 

 

-

 

Customer premise equipment

 

 

818

 

 

 

-

 

Towers

 

 

37

 

 

 

-

 

Total, property, plant, and equipment in service

 

 

23,478

 

 

 

313

 

Property, plant, and equipment under construction

 

 

2,042

 

 

 

-

 

Total property, plant, and equipment

 

 

25,520

 

 

 

313

 

 

 

 

 

 

 

 

Less: accumulated depreciation

 

 

(650

)

 

 

(238

)

Total property, plant, and equipment, net

 

$

24,870

 

 

$

75

 

Depreciation expense was $299 thousand and $686 thousand for the three and nine months ended December 31, 2024, respectively. Depreciation expense was $19 thousand and $57 thousand for the three and nine months ended December 31, 2023, respectively. Depreciation expense is included in depreciation and amortization in the condensed consolidated statements of operations.