Transition report pursuant to Rule 13a-10 or 15d-10

Property & Equipment, Net

v3.22.1
Property & Equipment, Net
9 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property & Equipment, Net

Note 5 – Property & Equipment, Net

 

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

 

   

December 31,

2021

   

March 31,

2021

 
Equipment   $ 1,013     $ 295  
Computers     37       11  
Leasehold improvements     28       14  
Total     1,078       320  
Less accumulated depreciation and amortization     (183 )     (111 )
Property and equipment, net   $ 895     $ 209  

 

Depreciation expense for the nine months ended December 31, 2021 and the fiscal year ended March 31, 2021 was $72,000 and $42,000, respectively.