Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment and Rental Assets

Property, Plant and Equipment and Rental Assets

9 Months Ended

Dec. 31, 2020

Property, Plant, Equipment and Rental Assets

Property, Plant and Equipment and Rental Assets

6. Property, Plant, Equipment and Rental Assets

Property, plant, equipment and rental assets consisted of the following (in thousands):


	December 31,		March 31,
	2020		2020
Machinery, equipment, automobiles and furniture	$	15,243	$	15,115
Leasehold improvements		8,044		7,857
Molds and tooling		3,132		3,101
Rental assets		6,840		5,986
		33,259		32,059
Less: accumulated depreciation		(25,184)		(24,310)
Total property, plant, equipment and rental assets, net	$	8,075	$	7,749

The Company regularly assesses the useful lives of property and equipment and retires assets no longer in service. Depreciation expense for property, plant, equipment and rental assets was $0.3 million for the three months ended December 31, 2020 and 2019. Depreciation expense for property, plant, equipment and rental assets was $1.0 million for the nine months ended December 31, 2020 and 2019.