Property, Plant, and Equipment

12 Months Ended

Mar. 31, 2013

NOTE 4 — PROPERTY, PLANT, AND EQUIPMENT:

As of March 31, 2013 and 2012, property, plant, and equipment is comprised of the following:


	2013			2012
	(In thousands)
Computer equipment and software		322			234
Furniture and fixtures		214			267
Machinery and equipment		679			679
Leasehold improvements		8			8

		1,223			1,188
Less accumulated depreciation and amortization		(965	)		(928	)

	$	258		$	260

Depreciation of property, plant, and equipment amounted to approximately $106,000 and $276,000 for the twelve months ended March 31, 2013 and 2012, respectively. During fiscal 2013, the Company disposed of property, plant and equipment with gross book values totaling approximately $20,000. The Company recognized a total net loss of approximately $2,000 on these disposals in fiscal 2013. During fiscal 2012, the Company disposed of property, plant and equipment with gross book values totaling approximately $2.7 million which were comprised mainly of the Company’s headquarters office building and land in New Jersey and recognized a total net gain of approximately $299,000 on these disposals in fiscal 2012.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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