Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
6 Months Ended
Sep. 30, 2022
Leases  
Schedule of operating leases

The components of lease expense were as follows (in thousands):

Three Months Ended September 30,

Six Months Ended September 30,

2022

    

2021

    

2022

    

2021

Operating lease cost

$

186

    

$

315

$

551

    

$

568

Supplemental balance sheet information related to the leases was as follows (dollars in thousands):

September 30, 2022

March 31, 2022

Operating lease right-of-use assets

$

9,075

$

5,959

Total operating lease right-of-use assets

$

9,075

$

5,959

Operating lease liability, current

$

1,693

$

586

Operating lease liability, non-current

 

7,572

 

5,619

Total operating lease liabilities

$

9,265

$

6,205

Weighted average remaining lease life

 

6.10 years

 

8.35 years

Weighted average discount rate

12.00%

12.00%

Supplemental cash flow information related to the leases was as follows (in thousands):

Six Months Ended September 30,

2022

2021

Cash paid for amounts included in the measurement of lease liabilities

    

Operating cash flows from operating leases

$

598

$

527

Right-of-use assets obtained in exchange for lease obligations

Operating leases

$

3,590

$

1,877

Schedule of maturities of operating lease liabilities

Maturities of operating lease liabilities as of September 30, 2022 were as follows (in thousands):

Operating

Year Ending March 31,

    

Leases

2023 (remainder of fiscal year)

$

1,370

2024

2,760

2025

 

2,685

2026

 

1,653

2027

 

1,279

Thereafter

3,358

Total lease payments

$

13,105

Less: imputed interest

(3,840)

Present value of operating lease liabilities

$

9,265