Leases (Tables)

6 Months Ended

Sep. 30, 2022

Leases [Abstract]

Additional Lease Cost Information

Weighted-average remaining lease term and incremental borrowing rate for the Company’s operating leases are as follows:

	Six months ended September 30,
	2022	2021
Weighted average term - operating lease liabilities	3.17 years	4.04 years
Weighted average incremental borrowing rate - operating lease liabilities	13%	13%

Lease Cost

The following table presents net lease cost for the three and six months ended September 30, 2022 and 2021 (in thousands):

	Three months ended September 30,				Six months ended September 30,
	2022		2021		2022		2021
Lease cost
Operating lease cost (cost resulting from lease payments)	$	445	$	495	$	894	$	1,008
Short term lease cost	3		6		7		10
Net lease cost	$	448	$	501	$	901	$	1,018

Supplemental Lease Information

The following table presents supplemental cash flow and non-cash activity information for the six months ended September 30, 2022 and 2021 (in thousands):

	Six months ended September 30,
	2022		2021
Cash paid activity:
Operating lease - operating cash flows (fixed payments)	$	1,080	$	1,155
Operating lease - operating cash flows (liability reduction)	$	699	$	735
Non-cash activity:
Right of use assets obtained in exchange for new operating lease liabilities	$	50	$	66

The following table presents supplemental balance sheet information as of September 30, 2022 and March 31, 2022 (in thousands):

	September 30, 2022		March 31, 2022
Non-current assets - right of use assets, net	$	3,529	$	4,047
Current liabilities - operating lease liabilities	$	1,626	$	1,512
Non-current liabilities - operating lease liabilities	$	3,364	$	4,177

Future Minimum Payments

Future minimum payments under non-cancelable leases for office and tower spaces (exclusive of real estate tax, utilities, maintenance and other costs borne by the Company) for the remaining terms of the leases following the six months ended September 30, 2022, are as follows (in thousands):

Fiscal Year	Operating Leases
2023 (excluding the six months ended September 30, 2022)	$	1,077
2024	2,000
2025	1,565
2026	871
2027	464
After 2027	129
Total future minimum lease payments	6,106
Amount representing interest	(1,116)
Present value of net future minimum lease payments	$	4,990