Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 905

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 8
Chunk 905
---

    $(1,615) 
    $725 
  
    Exclusivity rights and licenses 
     168  
     (111) 
     57  
     168  
     (101) 
     67 
  
    Total finite-lived intangible assets 
    $2,503  
    $(1,819) 
    $684  
    $2,508  
    $(1,716) 
    $792 

    Finite-lived
    intangible assets (1): 
    March
    31, 2025
 Weighted Average Life 
  
    Patents
    issued and pending 
     13.0 
  
    Exclusivity
    rights and licenses 
     4.9 

(1)Finite-lived intangible
assets have estimated useful lives of five to twenty years, and are being amortized to operating expenses on a straight-line basis.

For
the years ended March 31, 2025 and 2024, amortization expense was approximately $0.1 million and $0.1 million, respectively.

    F-19

ZRCN
                                            Inc.

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEARS ENDED MARCH 31, 2025 AND 2024

Expected
future amortization expense of acquired finite-lived intangible assets as of March 31, 2025 is as follows:

Schedule
of Future Amortization Expense 

    For
    the Years Ending March 31, (In thousands) 
    Amount 
  
    2026 
    $140 
  
    2027 
     130 
  
    2028 
     125 
  
    2029 
     100 
  
    2030 
     95 
  
    Thereafter 
     94 
  
    Total 
    $684 

9.
Accrued Expenses 

Accrued
expenses consisted of the following as of March 31, 2025 and 2024, respectively:

Schedule
of Accrued Liabilities 

    March 31, 2025  
    March 31, 2024 
  
    (In thousands) 
       
    As Revised 
  
    Rebates 
    $278  
    $538 
  
    Accrued taxes 
     129  
     361 
  
    Sales expense 
     267