8. LEASES (Tables)

3 Months Ended

Jun. 30, 2024

LEASES

Summary of balance sheet information related to leases

	As of		As of
	June 30, 2024		March 31, 2024
	(In thousands)
Operating Leases
Operating lease right-of-use assets	$	10,471	$	1,553
Lease liabilities-current	$	1,528	$	567
Lease liabilities-non-current		8,815		955
Total operating lease liabilities	$	10,343	$	1,522

Summary of components of lease costs

	Three Months Ended June 30,
	2024		2023
	(In thousands)
Operating lease cost	$	233	$	143
Short-term lease cost		8		8
	$	241	$	151

Summary of other information related to leases

	Three Months Ended June 30,
	2024		2023
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	217	$	142
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	9,092	$	637
Weighted-average remaining lease term (years):
Operating leases		9.14		2.98
Weighted-average discount rate:
Operating leases		6.18%		4.12%

Summary of maturities of the lease liabilities

	Operating Lease
	Liabilities
Fiscal Year	(In thousands)
2025 (remaining nine months)	$	1,151
2026		1,694
2027		1,581
2028		1,192
2029		1,220
Thereafter		6,908
Total undiscounted future cash flows		13,746
Less: Imputed interest		(3,403)
Present value of undiscounted future cash flows	$	10,343
Presentation on statement of financial position
Current	$	1,528
Non-current	$	8,815