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