NOTE 13 - LEASES

Leases that are economically similar to the purchase of an asset are classified as finance leases. The leased, or right-of-use assets in finance lease arrangements are reported in net property, plant and equipment on our consolidated balance sheet. The following table lists our right-of-use assets and liabilities on our consolidated balance at:


	March 31, 2021		March 31, 2020
Finance lease:
Property, plant and equipment	$	45,663	$	54,376
Accumulated depreciation		—		35,344
Net property, plant and equipment	$	45,663	$	19,032
Current portion of long-term debt	$	8,555	$	11,848
Long-term debt	$	37,108	$	10,612
Total finance lease liabilities	$	45,663	$	22,460

In December 2019, we signed a one-year operating lease for office space which expired in December 2020 and was amortized on a straight line basis. Since the expiration of the one-year term lease, we have continued to lease this office space on a month-to-month basis. Other supplemental information regarding our leases are contained in the following tables:


Components of lease expense for the year ended:	March 31, 2021		March 31, 2020
Operating lease amortization	$	3,788	$	2,860
Finance lease amortization	$	10,875	$	10,875
Finance lease interest	$	1,275	$	2,249


Weighted average lease term and discount rate at:	March 31, 2021		March 31, 2020
Lease term (years)	5.00		2.00
Lease rate	3.2	%	7.9	%


Supplemental cash flow information related to leases for the year ended:	March 31, 2021		March 31, 2020
Cash used in operating activities	$	5,063	$	5,109
Cash used in financing activities	$	22,460	$	10,951