Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.21.1
Leases (Tables)
12 Months Ended
Mar. 31, 2021
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,

 

 

 

2021

 

 

2020

 

Finance Leases

 

 

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

2.41

 

 

 

2.81

 

Weighted-average discount rate

 

 

10.71

%

 

 

9.71

%

 

 

 

 

 

 

 

 

 

Operating Leases

 

 

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

1.84

 

 

 

1.98

 

Weighted-average discount rate

 

 

5.49

%

 

 

5.49

%

Schedule of Components of Lease Expense

The components of lease expense are as follows:

 

 

 

Year Ended March 31, 2020

 

 

 

2021

 

 

2020

 

Finance lease cost:

 

 

 

 

 

 

 

 

  Amortization of right-of-use assets

 

$

22

 

 

$

48

 

  Interest on lease liabilities

 

 

8

 

 

 

12

 

Operating lease cost

 

 

165

 

 

 

229

 

Short-term lease cost

 

 

11

 

 

 

38

 

Total lease cost

 

$

206

 

 

$

327

 

Future Minimum Payments Required under Non-cancelable Leases

As of March 31, 2021, future minimum payments required under non-cancelable leases are:

 

 

 

Operating

Leases

 

 

Finance

Leases

 

2022

 

$

49

 

 

$

26

 

2023

 

 

31

 

 

 

26

 

2024

 

 

8

 

 

 

11

 

2025

 

 

 

 

 

 

2026

 

 

 

 

 

 

Total lease payments

 

 

88

 

 

 

63

 

 

 

 

 

 

 

 

 

 

Less – amount representing interest

 

 

5

 

 

 

8

 

Present value of net minimum lease payments

 

$

83

 

 

$

55