Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, Equipment and Rental Assets

Property, Plant, Equipment and Rental Assets

6 Months Ended

Sep. 30, 2023

Property, Plant, Equipment and Rental Assets

Property, Plant, Equipment and Rental Assets

7. Property, Plant, Equipment and Rental Assets

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


	September 30,		March 31,
	2023		2023
Machinery, equipment, automobiles and furniture	$	14,976	$	14,760
Leasehold improvements		8,868		8,868
Molds and tooling		3,516		3,516
Rental assets		30,701		26,868
		58,061		54,012
Less: accumulated depreciation		(31,579)		(29,737)
Total property, plant, equipment and rental assets, net	$	26,482	$	24,275

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 $0.9 million for the three months ended September 30, 2023 and 2022, respectively. Depreciation expense for property, plant, equipment and rental assets was $2.0 million and $1.6 million for the six months ended September 30, 2023 and 2022, respectively