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

Property and Equipment

v3.26.1
Property and Equipment
 12 Months Ended
Mar. 31, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment

NOTE 7 – Property and Equipment

 

Property and equipment, net consists of the following:

           
    March 31,  
    2026     2025  
Manufacturing, lab, and other equipment   $ 1,801,000     $ 1,471,000  
Office equipment     299,000       217,000  
Furniture and fixtures     134,000       121,000  
Leasehold improvements     556,000       491,000  
Property and equipment, gross     2,790,000       2,300,000  
Less: accumulated depreciation     (2,480,000 )     (2,075,000 )
Total property and equipment, net   $ 310,000     $ 225,000  

 

Depreciation expense amounted to $139,000 and $138,000 for the years ended March 31, 2026 and 2025, respectively.