Leases (Tables)

6 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of lease cost

The key components of the Company's operating leases were as follows:

	Three Months Ended September 30,				Six Months Ended September 30,
(In thousands)	2024		2023		2024		2023
Operating lease expense	$	25	$	16		33		32
Short-term lease expense		-		1		3		2
Total lease cost	$	25	$	17	$	36	$	34

Schedule of right-of-use assets and lease liabilities for operating leases

Right-of-use assets and lease liabilities for operating leases were recorded in the condensed consolidated balance sheets as follows:

	(In thousands)
	September 30, 2024		March 31, 2024
Operating leases:
Operating lease right-of-use assets	$	480	$	65
Current portion of operating lease liabilities		117		-
Operating lease liabilities		419		65

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

Future minimum lease payments under non-cancelable operating leases as of September 30, 2024, are as follows:

(In thousands)
Remainder of FY 2025	$	97
FY 2026	131
FY 2027	101
FY 2028	85
FY 2029	83
Thereafter	147
Total minimum lease payments		644
Less: effects of discounting		(108	)
Present value of future minimum lease payments	$	536