Quarterly report pursuant to Section 13 or 15(d)

Property & Equipment, Net

v3.21.2
Property & Equipment, Net
 6 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
Property & Equipment, Net

Note 4 - Property & Equipment, Net

 

Property and equipment, net, consists of the following (in thousands):

 

    September 30,     March 31,  
    2021     2021  
    (Unaudited)        
Equipment   $ 563     $ 295  
Computers     27       11  
Leasehold improvements     20       14  
Construction in progress     25      
-
  
Total     635       320  
Less accumulated depreciation and amortization     (151 )     (111 )
Property and equipment, net   $ 484     $ 209  

 

Depreciation expense for the three months ended September 30, 2021 and 2020 was approximately $21,000 and $5,000 respectively. Depreciation expense for the six months ended September 30, 2021 and 2020 was approximately $40,000 and $15,000 respectively.