Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.4
Leases (Tables)
9 Months Ended
Dec. 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:

 

 

 

December 31,

 

 

December 31,

 

 

 

 

2022

 

 

2021

 

 

Finance Leases

 

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

0.67

 

 

 

1.67

 

 

Weighted-average discount rate

 

 

10.67

%

 

 

10.67

%

 

 

 

 

 

 

 

 

 

Operating Leases

 

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

7.22

 

 

 

7.72

 

 

Weighted-average discount rate

 

 

3.25

%

 

 

3.27

%

 

Schedule of Components of Lease Expense

The components of lease expense are as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

December 31,

 

 

December 31,

 

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

5

 

 

$

5

 

 

$

15

 

 

$

15

 

 

Interest on lease liabilities

 

 

 

 

 

1

 

 

 

2

 

 

 

4

 

 

Operating lease cost

 

 

355

 

 

 

384

 

 

 

1,026

 

 

 

924

 

 

Short-term lease cost

 

 

6

 

 

 

3

 

 

 

11

 

 

 

18

 

 

Total lease cost

 

$

366

 

 

$

393

 

 

$

1,054

 

 

$

961

 

 

Future Minimum Payments Required under Non-cancelable Leases

As of December 31, 2022, future minimum payments required under non-cancelable leases were:

 

 

 

Operating
Leases

 

 

Finance
Leases

 

Remainder of 2023

 

$

301

 

 

$

6

 

2024

 

 

1,293

 

 

 

11

 

2025

 

 

1,298

 

 

 

 

2026

 

 

1,309

 

 

 

 

2027

 

 

1,349

 

 

 

 

2028 and thereafter

 

 

4,328

 

 

 

 

Total lease payments

 

 

9,878

 

 

 

17

 

 

 

 

 

 

 

 

Less – amount representing interest

 

 

1,111

 

 

 

1

 

Present value of net minimum lease payments

 

$

8,767

 

 

$

16