Company: ZRCN
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006748
Chunk: 19

Company: ZRCN Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 8
Chunk 19
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    $2,340  
    $(1,615) 
    $725 
  
    Exclusivity rights and licenses 
     168  
     (110) 
     58  
     168  
     (101) 
     67 
  
    Total finite-lived intangible assets 
    $2,510  
    $(1,795) 
    $715  
    $2,508  
    $(1,716) 
    $792 

    Finite-lived intangible assets (1): 
    December 31, 2024
                                                                                Weighted Average Life 
  
    Patents issued and pending 
     13.3 
  
    Exclusivity rights and licenses 
     5.1 

(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 three and nine months ended December 31, 2024, amortization expense was less than $0.1 million and approximately $0.1 million, respectively.
For the three and nine months ended December 31, 2023, amortization expense was less than $0.1 million in each respective period.

    18

ZRCN
Inc.

CONDENSED
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE NINE MONTHS ENDED DECEMBER 31, 2024 AND 2023

Expected
future amortization expense of acquired finite-lived intangible assets as of December 31, 2024 is as follows:

Schedule
of Future Amortization Expense 

    For the Years Ending March 31, (In thousands) 
    Amount 
  
    Remainder of fiscal 2025 
    $25 
  
    2026 
     73 
  
    2027 
     73 
  
    2028 
     72 
  
    2029 
     72 
  
    Thereafter 
     400 
  
    Total 
    $715 

9.
Accrued Expenses 

Accrued
expenses consisted of the following:

Schedule
of Accrued Liabilities 

    December 31, 2024  
    March 31, 2024 
  
    (In thousands) 
    (Unaudited)  
    (Audited) 
  
    Rebates