Quarterly report [Sections 13 or 15(d)]

Property, Plant, Equipment and Rental Assets

v3.25.3
Property, Plant, Equipment and Rental Assets
6 Months Ended
Sep. 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):

September 30,

March 31,

    

2025

    

2025

Machinery, equipment, automobiles and furniture

$

14,891

$

14,467

Leasehold improvements

 

8,955

 

8,919

Molds and tooling

3,510

3,510

Rental assets

27,963

27,963

Total property, plant, equipment and rental assets

 

55,319

 

54,859

Less: accumulated depreciation

 

(37,019)

 

(35,497)

Total property, plant, equipment and rental assets, net

$

18,300

$

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 $1.0 million and $1.1 million for the three months ended September 30, 2025 and 2024, respectively. The depreciation expense was $1.9 million and $2.1 million for the six months ended September 30, 2025 and 2024, respectively.