NOTE 8—LEASES

The Company has operating leases for corporate offices, research and development facilities, certain equipment and software. The Company’s leases have remaining lease terms of 2 months to 22 months, some of which include options to extend for up to 5 years.

Supplemental balance sheet information related to leases was as follows:


	As of		As of
	June 30, 2020		March 31, 2020
	(In thousands)
Operating Leases
Operating lease right-of-use assets	$	465	$	617

Lease liabilities-current	$	405	$	498
Lease liabilities-non-current		84		142
Total operating lease liabilities	$	489	$	640

The following table provides the details of lease costs:


	Three Months Ended June 30,
	2020		2019
	(In thousands)
Operating lease cost	$	165	$	161
Short-term lease cost		8		7
	$	173	$	168

The following table provides other information related to leases:


	Three Months Ended June 30,
	2020		2019
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	168	$	160

Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	—	$	1,082

Weighted-average remaining lease term (years):
Operating leases		1.16		1.92

Weighted-average discount rate:
Operating leases		6.46%		6.50%

The following table provides the maturities of the Company’s operating lease liabilities as of June 30, 2020:


	Operating Lease
	Liabilities
Fiscal Year	(In thousands)
2021 (Remaining nine months)	$	373
2022		127
2023		7
Total undiscounted future cash flows		507
Less: Imputed interest		(18)
Present value of undiscounted future cash flows	$	489

Presentation on statement of financial position
Current	$	405
Non-current	$	84