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Fixed Assets
 12 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 4. Fixed Assets

Fixed assets consisted of the following (in thousands):

 

 

 

March 31,
2025

 

 

March 31,
2024

 

Laboratory equipment

 

$

1,630

 

 

$

1,617

 

Furniture and fixtures

 

 

66

 

 

 

66

 

Computer software and equipment

 

 

244

 

 

 

244

 

Fixed Assets, gross

 

 

1,940

 

 

 

1,927

 

Less accumulated depreciation

 

 

(1,521

)

 

 

(1,258

)

Fixed Assets, net

 

$

419

 

 

$

669

 

 

As of March 31, 2025 and 2024, all of the Company’s fixed assets were active and in use. Depreciation expense for each of the years ended March 31, 2025 and 2024 was approximately $0.3 million.