Property, Plant, and Equipment

12 Months Ended

Mar. 31, 2014

NOTE 4 — PROPERTY, PLANT, AND EQUIPMENT:

As of March 31, 2014 and 2013, property, plant, and equipment is comprised of the following:


	2014			2013
	(In thousands)
Computer equipment and software		338			322
Furniture and fixtures		196			214
Machinery and equipment		267			679
Leasehold improvements		8			8

		809			1,223
Less accumulated depreciation and amortization		(667	)		(965	)

	$	142		$	258

Depreciation of property, plant, and equipment amounted to approximately $88,000 and $106,000 for the twelve months ended March 31, 2014 and 2013, respectively. During fiscal 2014, the Company disposed of property, plant and equipment with gross book values totaling approximately $412,000. The Company recognized a total net gain of approximately $2,000 on these disposals in fiscal 2014. 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.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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