Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.24.1.1.u2
Leases (Tables)
12 Months Ended
Mar. 31, 2024
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,

 

 

 

2024

 

 

2023

 

Finance Leases

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

3.83

 

 

 

4.45

 

Weighted-average discount rate

 

 

7.75

%

 

 

7.98

%

 

 

 

 

 

 

 

Operating Leases

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

5.93

 

 

 

7.00

 

Weighted-average discount rate

 

 

3.30

%

 

 

3.25

%

Schedule of Components of Lease Expense

The components of lease expense are as follows:

 

 

 

Year Ended March 31,

 

 

 

2024

 

 

2023

 

Finance lease cost:

 

 

 

 

 

 

  Amortization of right-of-use assets

 

$

13

 

 

$

24

 

  Interest on lease liabilities

 

 

8

 

 

 

4

 

Operating lease cost

 

 

1,478

 

 

 

1,394

 

Short-term lease cost

 

 

27

 

 

 

17

 

Total lease cost

 

$

1,526

 

 

$

1,439

 

Future Minimum Payments Required under Non-cancelable Leases

As of March 31, 2024, future minimum payments required under non-cancelable leases are:

 

 

 

Operating
Leases

 

 

Finance
Leases

 

2025

 

$

1,468

 

 

$

26

 

2026

 

 

1,324

 

 

 

26

 

2027

 

 

1,353

 

 

 

26

 

2028

 

 

1,390

 

 

 

21

 

2029 and thereafter

 

 

2,940

 

 

 

 

Total lease payments

 

 

8,475

 

 

 

99

 

 

 

 

 

 

 

 

Less – amount representing interest

 

 

789

 

 

 

14

 

Present value of net minimum lease payments

 

$

7,686

 

 

$

85