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Leases (Tables)
6 Months Ended
Sep. 30, 2020
Lessee Disclosure [Abstract]  
Summary of Components of Lease Costs

The components of lease costs, which were included in operating expenses in the Company’s condensed consolidated statements of operations, were as follows:

 

 

 

Three Months Ended September 30,

 

 

Six Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

 

(in thousands)

 

Lease cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

64

 

 

$

63

 

 

$

127

 

 

$

127

 

Finance lease cost

 

 

 

 

 

 

 

 

 

 

 

 

     Amortization of right-of-use assets

 

 

 

 

 

 

 

 

 

 

 

 

     Interest on lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Variable lease costs

 

 

 

 

 

 

 

 

 

 

 

 

Total lease cost

 

 

64

 

 

 

63

 

 

 

127

 

 

 

127

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The supplemental cash flow information related to leases are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

67

 

 

 

66

 

 

 

133

 

 

 

131

 

Operating cash flows from finance leases

 

 

 

 

 

 

 

 

 

 

 

 

Financing cash flows from finance leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

 

 

 

 

 

 

 

 

 

650

 

Finance leases

 

 

 

 

 

 

 

 

 

 

 

5

 

Summary of Information Relating to Lease Term and Discount Rate

Information relating to the lease term and discount rate are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term (in months)

 

As of September 30, 2020

 

 

As of September 30, 2019

 

Operating leases

 

 

21.1

 

 

 

31.3

 

Finance leases

 

 

44.2

 

 

 

56.2

 

 

 

 

 

 

 

 

 

 

Weighted average discount rate

 

 

 

 

 

 

 

 

Operating leases

 

 

7.50

%

 

 

7.50

%

Finance leases

 

 

7.50

%

 

 

7.50

%

 

Summary of Maturities of Lease Liabilities

As of September 30, 2020 the maturities of lease liabilities were as follows:

 

 

 

 

 

 

 

 

(in thousands)

 

Operating Leases

 

 

Finance Leases

 

2021

 

$

134

 

 

$

1

 

2022

 

 

162

 

 

 

1

 

2023

 

 

84

 

 

 

1

 

2024

 

 

 

 

 

1

 

2025

 

 

 

 

 

1

 

Thereafter

 

 

 

 

 

 

Total lease payments

 

$

380

 

 

$

5

 

Less: Imputed interest

 

 

(23

)

 

 

(1

)

Total

 

$

357

 

 

$

4