Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
6 Months Ended
Sep. 30, 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:

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

Finance Leases

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

0.92

 

 

 

1.91

 

Weighted-average discount rate

 

 

10.67

%

 

 

10.72

%

 

 

 

 

 

 

 

Operating Leases

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

7.25

 

 

 

7.91

 

Weighted-average discount rate

 

 

3.28

%

 

 

3.26

%

Schedule of Components of Lease Expense

The components of lease expense are as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

  Amortization of right-of-use assets

 

$

5

 

 

$

5

 

 

$

10

 

 

$

10

 

  Interest on lease liabilities

 

 

1

 

 

 

2

 

 

 

2

 

 

 

3

 

Operating lease cost

 

 

287

 

 

 

384

 

 

 

671

 

 

 

540

 

Short-term lease cost

 

 

1

 

 

 

10

 

 

 

5

 

 

 

15

 

Total lease cost

 

$

294

 

 

$

401

 

 

$

688

 

 

$

568

 

Future Minimum Payments Required under Non-cancelable Leases

As of September 30, 2022, future minimum payments required under non-cancelable leases were:

 

 

 

Operating
Leases

 

 

Finance
Leases

 

Remainder of 2023

 

$

487

 

 

$

13

 

2024

 

 

1,215

 

 

 

11

 

2025

 

 

1,200

 

 

 

 

2026

 

 

1,209

 

 

 

 

2027

 

 

1,245

 

 

 

 

2028 and thereafter

 

 

3,770

 

 

 

 

Total lease payments

 

 

9,126

 

 

 

24

 

 

 

 

 

 

 

 

Less – amount representing interest

 

 

1,051

 

 

 

1

 

Present value of net minimum lease payments

 

$

8,075

 

 

$

23