Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment

v3.25.2
Property and Equipment
12 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 7 – Property and Equipment

 

Property and equipment, net consists of the following:

           
    March 31,  
    2025     2024  
Manufacturing, lab, and other equipment   $ 1,471,000     $ 1,776,000  
Office equipment     217,000       236,000  
Furniture and fixtures     121,000       128,000  
Leasehold improvements     491,000       605,000  
Property and equipment, gross     2,300,000       2,745,000  
Less: accumulated depreciation     (2,075,000 )     (2,380,000 )
Total property and equipment, net and equipment, net    $ 225,000     $ 365,000  

 

Depreciation expense amounted to $138,000 and $176,000 for the years ended March 31, 2025 and 2024, respectively.