Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.25.1
Leases (Tables)
12 Months Ended
Mar. 31, 2025
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,

 

 

 

2025

 

 

2024

 

Finance Leases

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

2.83

 

 

 

3.83

 

Weighted-average discount rate

 

 

7.75

%

 

 

7.75

%

 

 

 

 

 

 

 

Operating Leases

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

4.94

 

 

 

5.93

 

Weighted-average discount rate

 

 

3.42

%

 

 

3.30

%

Schedule of Components of Lease Expense

The components of lease expense are as follows:

 

 

 

Year Ended March 31,

 

 

 

2025

 

 

2024

 

Finance lease cost:

 

 

 

 

 

 

  Amortization of right-of-use assets

 

$

13

 

 

$

13

 

  Interest on lease liabilities

 

 

6

 

 

 

8

 

Operating lease cost

 

 

1,527

 

 

 

1,478

 

Short-term lease cost

 

 

25

 

 

 

27

 

Total lease cost

 

$

1,571

 

 

$

1,526

 

Future Minimum Payments Required under Non-cancelable Leases

As of March 31, 2025, future minimum payments required under non-cancelable leases are:

 

 

 

Operating
Leases

 

 

Finance
Leases

 

2026

 

$

1,480

 

 

$

26

 

2027

 

 

1,486

 

 

 

26

 

2028

 

 

1,428

 

 

 

21

 

2029

 

 

1,452

 

 

 

 

2030 and thereafter

 

 

1,528

 

 

 

 

Total lease payments

 

 

7,374

 

 

 

73

 

 

 

 

 

 

 

 

Less – amount representing interest

 

 

(585

)

 

 

(8

)

Present value of net minimum lease payments

 

$

6,789

 

 

$

65