8. LEASES (Tables)

12 Months Ended

Mar. 31, 2020

LEASES

Summary of balance sheet information related to leases

Supplemental balance sheet information related to leases was as follows:

	As of
	March 31, 2020
	(In thousands)
Operating Leases
Operating lease right-of-use assets	$	617
Lease liabilities-current	$	498
Lease liabilities-non-current		142
Total operating lease liabilities	$	640

Summary of components of lease costs

The following table provides the details of lease costs:

	Twelve months ended
	March 31, 2020
		(In thousands)
Operating lease cost	$	647
Short-term lease cost		29
	$	676

Summary of other information related to leases

The following table provides other information related to leases:

	Twelve months ended
	March 31, 2020
	(Amounts in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	655
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	1,228
Weighted-average remaining lease term (years):
Operating leases		1.3
Weighted-average discount rate:
Operating leases		6.46%

Summary of maturities of the lease liabilities

The following table provides the maturities of the Company’s operating lease liabilities as of March 31, 2020:

	Operating Lease
	Liabilities
Fiscal Year	(In thousands)
2021	$	512
2022		148
2023		7
Total undiscounted future cash flows		667
Less: Imputed interest		(27)
Present value of undiscounted future cash flows	$	640
Presentation on statement of financial position
Current	$	498
Non-current	$	142

Future minimum lease payments under noncancelable operating leases

The following table provides the future minimum lease payments under noncancelable operating leases with lease terms in excess of one year at March 31, 2019 in accordance with ASC 840:

	Operating
Fiscal Year Ending March 31,	Leases
	(In thousands)
2020	$	477
2021		338
2022		83
2023		7
Total	$	905