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Leases (Tables)
3 Months Ended
Jun. 30, 2022
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 June 30,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Lease cost

 

 

 

 

 

 

 

 

Operating lease cost

 

$

63

 

 

$

64

 

Finance lease cost

 

 

 

 

 

 

     Amortization of right-of-use assets

 

 

 

 

 

 

     Interest on lease liabilities

 

 

 

 

 

 

Variable lease costs

 

 

 

 

 

 

Total lease cost

 

 

63

 

 

 

64

 

 

 

 

 

 

 

 

 

 

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

 

 

63

 

 

 

67

 

Operating cash flows from finance leases

 

 

 

 

 

 

Financing cash flows from finance leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

Operating leases

 

 

 

 

 

 

Finance leases

 

 

 

 

 

 

Summary Of Information Relating To Lease Term And Discount Rate Table Text Block

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term (in months)

 

As of June 30, 2022

 

 

As of June 30, 2021

 

Operating leases

 

 

22.5

 

 

 

16.9

 

Finance leases

 

 

23.2

 

 

 

35.2

 

 

 

 

 

 

 

 

 

 

Weighted average discount rate

 

 

 

 

 

 

 

 

Operating leases

 

 

7.50

%

 

 

7.50

%

Finance leases

 

 

7.50

%

 

 

7.50

%

 

Summary of Maturities of Lease Liabilities

As of June 30, 2022 the maturities of lease liabilities were as follows:

 

 

 

 

 

 

 

 

(in thousands)

 

Operating Leases

 

 

Finance Leases

 

 

 

 

 

 

 

 

 

 

2023

 

$

170

 

 

$

1

 

2024

 

 

149

 

 

 

1

 

2025

 

 

62

 

 

 

1

 

2026

 

 

 

 

 

 

Thereafter

 

 

 

 

 

 

Total lease payments

 

$

381

 

 

$

3

 

Less: Imputed interest

 

 

(25

)

 

 

(1

)

Total

 

$

356

 

 

$

2