Leases (Tables)

9 Months Ended

Dec. 31, 2021

Leases [Abstract]

Summary of future minimum lease payments under non-cancellable operating leases

Future minimum lease payments under non-cancellable operating leases in effect as of December 31, 2021, are as follows:

in thousands
FY2022 (remaining three months)	$	405
FY2023		1,592
FY2024		1,097
FY2025		888
FY2026		553
Thereafter	$	774
Total future minimum lease payments		5,309
Present value adjustment		(628	)
Operating lease liability	$	4,681

Schedule of lease cost

The following table reports information about the Company’s lease cost for the three months ended December 31, 2021 (in thousands):

Lease cost:
Operating lease cost	$	458
Variable lease cost		87
Total lease cost	$	545

The following table reports information about the Company’s lease cost for the three months ended December 31, 2020 (in thousands):

Lease cost:
Operating lease cost	$	365
Variable lease cost		82
Total lease cost	$	447

The following table reports information about the Company’s lease cost for the nine months ended December 31, 2021 (in thousands):

Lease cost:
Operating lease cost	$	1,278
Variable lease cost		257
Total lease cost	$	1,535

The following table reports information about the Company’s lease cost for the nine months ended December 31, 2020 (in thousands):

Lease cost:
Operating lease cost	$	1,148
Variable lease cost		264
Total lease cost	$	1,412

Schedule of other lease information

The following table reports other information about the Company’s leases for the three months ended December 31, 2021 (dollar amounts in thousands):

Other Lease Information
Operating Lease - Operating Cash Flows (Fixed Payments)	$	400
Operating Lease - Operating Cash Flows (Liability Reduction)	$	352
Weighted Average Lease Term - Operating Leases		4.2 years
Weighted Average Discount Rate - Operating Leases		6.5%

The following table reports other information about the Company’s leases for the three months ended December 31, 2020 (dollar amounts in thousands):

Other Lease Information
Operating Lease - Operating Cash Flows (Fixed Payments)	$	380
Operating Lease - Operating Cash Flows (Liability Reduction)	$	339
Weighted Average Lease Term - Operating Leases		2.8 years
Weighted Average Discount Rate - Operating Leases		6.5%

The following table reports other information about the Company’s leases for the nine months ended December 31, 2021 (dollar amounts in thousands):

Other Lease Information
Operating Lease - Operating Cash Flows (Fixed Payments)	$	1,176
Operating Lease - Operating Cash Flows (Liability Reduction)	$	1,030
Weighted Average Lease Term - Operating Leases		3.8 years
Weighted Average Discount Rate - Operating Leases		6.5%

The following table reports other information about the Company’s leases for the nine months ended December 31, 2020 (dollar amounts in thousands):

Other Lease Information
Operating Lease - Operating Cash Flows (Fixed Payments)	$	1,198
Operating Lease - Operating Cash Flows (Liability Reduction)	$	1,077
Weighted Average Lease Term - Operating Leases		2.7 years
Weighted Average Discount Rate - Operating Leases		6.5%