Leases (Tables)

6 Months Ended

Sep. 30, 2020

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 September 30, 2020, are as follows:

in thousands
FY2021	$	697
FY2022		1,059
FY2023		689
FY2024		220
FY2025		153
Thereafter	$	64
Total future minimum lease payments		2,882
Present value adjustment		(292	)
Operating lease liability	$	2,590

Schedule of lease cost

The following table reports information about the Company’s lease cost for the three months ended September 30, 2020 (in thousands):

Lease cost:
Operating lease cost	$	372
Variable lease cost		85
Total lease cost	$	457

The following table reports information about the Company’s lease cost for the six months ended September 30, 2020 (in thousands):

Lease cost:
Operating lease cost	$	783
Variable lease cost		182
Total lease cost	$	965

Schedule of other lease information

The following table reports other information about the Company’s leases for the three months ended September 30, 2020 (dollar amounts in thousands):

Other Lease Information
Operating Lease - Operating Cash Flows (Fixed Payments)	$	390
Operating Lease - Operating Cash Flows (Liability Reduction)	$	352
Weighted Average Lease Term - Operating Leases		2.4 years
Weighted Average Discount Rate - Operating Leases		6.5%

The following table reports other information about the Company’s leases for the six months ended September 30, 2020 (dollar amounts in thousands):

Other Lease Information
Operating Lease - Operating Cash Flows (Fixed Payments)	$	818
Operating Lease - Operating Cash Flows (Liability Reduction)	$	738
Weighted Average Lease Term - Operating Leases		2.7 years
Weighted Average Discount Rate - Operating Leases		6.5%