Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
12 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Schedule of Weighted Average Remaining Lease Term and Discount Rate for Finance and Operating Leases

The weighted average remaining lease term and discount rate for finance and operating leases are as follows:

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Finance Leases

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

1.42

 

 

 

2.41

 

Weighted-average discount rate

 

 

10.67

%

 

 

10.71

%

 

 

 

 

 

 

 

Operating Leases

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

7.54

 

 

 

1.84

 

Weighted-average discount rate

 

 

3.27

%

 

 

5.49

%

Schedule of Components of Lease Expense

The components of lease expense are as follows:

 

 

 

Year Ended March 31,

 

 

 

2022

 

 

2021

 

Finance lease cost:

 

 

 

 

 

 

  Amortization of right-of-use assets

 

$

20

 

 

$

22

 

  Interest on lease liabilities

 

 

5

 

 

 

8

 

Operating lease cost

 

 

1,309

 

 

 

165

 

Short-term lease cost

 

 

33

 

 

 

11

 

Total lease cost

 

$

1,367

 

 

$

206

 

Future Minimum Payments Required under Non-cancelable Leases

As of March 31, 2022, future minimum payments required under non-cancelable leases are:

 

 

 

Operating
Leases

 

 

Finance
Leases

 

2023

 

$

1,315

 

 

$

26

 

2024

 

 

1,170

 

 

 

11

 

2025

 

 

1,161

 

 

 

 

2026

 

 

1,169

 

 

 

 

2027 and thereafter

 

 

4,856

 

 

 

 

Total lease payments

 

 

9,671

 

 

 

37

 

 

 

 

 

 

 

 

Less – amount representing interest

 

 

1,154

 

 

 

3

 

Present value of net minimum lease payments

 

$

8,517

 

 

$

34