Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 768

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 7
Chunk 768
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     423 
  
    Property
    and equipment before accumulated depreciation and amortization 
     15,328  
     14,960 
  
    Less
    accumulated depreciation and amortization 
     (13,734) 
     (13,157)
  
    Property
    and equipment, net 
    $1,594  
    $1,803 

For
the years ended March 31, 2025 and 2024, depreciation and amortization expense was $1.0
million and $0.7 million, respectively.

Construction
in progress consists of assets and technologies under development. The Company starts depreciation once the assets are completed and
placed in service.

8.
Intangible Assets

The
Company’s intangible assets consisted of the following:

Schedule
of Intangible Assets 

    (In thousands) 
    March 31, 2025  
    March 31, 2024 
  
    Finite-lived intangible assets (1): 
    Intangibles, Gross  
    Accumulated Amortization  
    Intangibles, Net  
    Intangibles, Gross  
    Accumulated Amortization  
    Intangibles, Net 
  
    Patents issued and pending 
    $2,335  
    $(1,708) 
    $627  
    $2,340  
    $(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