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Fixed Assets
 12 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 4. Fixed Assets

Fixed assets consisted of the following (in thousands):

 

 

 

March 31,
2024

 

 

March 31,
2023

 

Laboratory equipment

 

$

1,617

 

 

$

1,575

 

Furniture and fixtures

 

 

66

 

 

 

66

 

Computer software and equipment

 

 

244

 

 

 

537

 

Fixed Assets, gross

 

 

1,927

 

 

 

2,178

 

Less accumulated depreciation

 

 

(1,258

)

 

 

(1,276

)

Fixed Assets, net

 

$

669

 

 

$

902

 

 

As of March 31, 2024 and 2023, all of the Company’s fixed assets were active and in use. Depreciation expense for the years ended March 31, 2024 and 2023 was approximately $0.3 million and $0.2 million, respectively.