|
The components of lease expense were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended December 31, |
|
Nine Months Ended December 31, |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
Operating lease costs |
$ |
84 |
|
$ |
295 |
|
$ |
635 |
|
$ |
799 |
Finance lease costs |
|
293 |
|
|
— |
|
|
702 |
|
|
— |
Total lease costs |
$ |
377 |
|
$ |
295 |
|
$ |
1,337 |
|
$ |
799 |
Supplemental balance sheet information related to the leases was as follows (dollars in thousands):
|
|
|
|
|
|
|
December 31, 2022 |
|
March 31, 2022 |
Operating lease right-of-use assets |
$ |
8,702 |
|
$ |
5,959 |
Finance lease right-of-use assets (1) |
|
6,497 |
|
|
— |
Total right-of-use assets |
$ |
15,199 |
|
$ |
5,959 |
|
|
|
|
|
|
Operating lease liability, current |
$ |
1,292 |
|
$ |
586 |
Finance lease liability, current |
|
843 |
|
|
— |
Operating lease liability, non-current |
|
7,572 |
|
|
5,619 |
Finance lease liability, non-current |
|
3,322 |
|
|
— |
Total lease liabilities |
$ |
13,029 |
|
$ |
6,205 |
|
|
|
|
|
|
Operating leases: |
|
|
|
|
|
Weighted average remaining lease life |
|
5.95 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):
|
|
|
|
|
|
|
Nine Months Ended December 31, |
|
2022 |
|
2021 |
Cash paid for amounts included in the measurement of lease liabilities |
|
|
|
Operating cash flows from operating leases |
$ |
701 |
|
$ |
805 |
Operating cash flows from finance leases |
$ |
671 |
|
$ |
— |
Right-of-use assets obtained in exchange for lease obligations |
|
|
|
|
|
Operating leases |
$ |
3,590 |
|
$ |
1,877 |
Finance leases |
$ |
6,174 |
|
$ |
— |
|