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Commitments and contingencies (Tables)
6 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of variable lease components
The table below presents the lease-related costs which are included in the consolidated statements of operations for the three months ended September 30, 2024 and 2023:
Three Months Ended September 30,Six Months Ended September 30,
2024202320242023
Lease cost
Finance lease costs:
Amortization of right-to-use asset$607 $607 $1,214 $1,214 
Interest on lease liabilities531 542 1,065 1,086 
Operating lease costs285 281 566 561 
Total lease cost$1,423 $1,430 $2,845 $2,861 
The following table summarizes the classification of lease costs in the consolidated statement of operations for the three months ended September 30, 2024 and 2023 as follows:
Three Months Ended September 30,Six Months Ended September 30,
2024202320242023
Finance Lease Costs
   Research and development$607 $607 $1,214 $1,214 
Other income (expense)531 542 1,065 1,086 
Operating Lease Costs
Research and development229 228 458 457 
   Selling, general and administrative56 53 108 104 
Total lease cost$1,423 $1,430 $2,845 $2,861 
The following table provides lease disclosure for the three months ended September 30, 2024 and 2023:
Six Months Ended September 30,
20242023
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$583 $528 
Operating cash flows from finance leases$1,065 $1,086 
Financing cash flows from finance leases$277 $217 
Right-to-use asset obtained in exchange for new operating lease liabilities$— $— 
Weighted-average remaining lease term - operating leases5.2years6.1years
Weighted-average remaining lease term - financing leases14.8years15.8years
Weighted-average discount rate - operating leases10.4 %10.2 %
Weighted-average discount rate - financing leases8.3 %8.3 %
Schedule of the maturity of company's lease liabilities
The following table summarizes the maturity of the Company's lease liabilities on an undiscounted cash flow basis by fiscal year and a reconciliation to the operating and financing lease liabilities recognized on its balance sheet as of September 30, 2024:
September 30, 2024
Operating leasesFinancing leaseTotal
2025 (remaining six months)$599 $1,376 $1,975 
20261,203 2,799 4,002 
20271,167 2,883 4,050 
20281,112 2,969 4,081 
20291,025 3,058 4,083 
Thereafter966 31,995 32,961 
Total lease payments6,072 45,080 51,152 
Less: interest1,371 19,229 20,600 
Total lease liabilities$4,701 $25,851 $30,552 
Schedule of additional information related to leases
The following table provides lease disclosure as of September 30, 2024 and March 31, 2024:
September 30, 2024March 31, 2024
Leases
Right-to-use operating lease asset$4,417 $4,635 
Right-to-use finance lease asset36,022 37,237 
Total lease assets$40,439 $41,872 
Operating lease liabilities, current$1,199 $1,161 
Finance lease liabilities, current2,758 2,718 
Operating lease liabilities, non-current3,502 3,771 
Finance lease liabilities, non-current23,093 23,410 
Total lease liabilities$30,552 $31,060