Quarterly report [Sections 13 or 15(d)]

Property, Plant, Equipment and Rental Assets

v3.25.2
Property, Plant, Equipment and Rental Assets
3 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
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):

June 30,

March 31,

    

2025

    

2025

Machinery, equipment, automobiles and furniture

$

14,555

$

14,467

Leasehold improvements

 

8,927

 

8,919

Molds and tooling

3,510

3,510

Rental assets

27,963

27,963

Total property, plant, equipment and rental assets

 

54,955

 

54,859

Less: accumulated depreciation

 

(36,240)

 

(35,497)

Total property, plant, equipment and rental assets, net

$

18,715

$

19,362

 

 

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 June 30, 2025 and 2024, respectively. The depreciation expense recorded to cost of sales was $0.9 million and $1.0 million for the three months ended June 30, 2025 and 2024, respectively.