Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, Equipment and Rental Assets

Property, Plant, Equipment and Rental Assets

9 Months Ended

Dec. 31, 2024

Property, Plant, Equipment and Rental Assets

Property, Plant, 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,
	2024		2024
Machinery, equipment, automobiles and furniture	$	14,954	$	14,921
Leasehold improvements		8,889		8,889
Molds and tooling		3,476		3,476
Rental assets		28,551		31,762
Total property, plant, equipment and rental assets		55,870		59,048
Less: accumulated depreciation		(34,812)		(33,194)
Total property, plant, equipment and rental assets, net	$	21,058	$	25,854

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 $0.9 million and $1.0 million for the three months ended December 31, 2024 and 2023, respectively. Depreciation expense for property, plant, equipment and rental assets was $3.0 million and $3.0 million for the nine months ended December 31, 2024 and 2023, respectively.