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Leases (Tables)
12 Months Ended
Mar. 31, 2020
Lessee Disclosure [Abstract]  
Summary of Components of Lease Costs

The components of lease costs, which were included in operating expenses in the Company’s condensed consolidated statements of operations, were as follows:

 

 

 

Twelve Months Ended March 31,

 

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Lease cost

 

 

 

 

 

 

 

 

Operating lease cost

 

$

254

 

 

$

 

Finance lease cost

 

 

 

 

 

 

     Amortization of right-of-use assets

 

 

 

 

 

 

     Interest on lease liabilities

 

 

 

 

 

 

Variable lease costs

 

 

 

 

 

 

Total lease cost

 

 

254

 

 

 

 

 

 

 

 

 

 

 

 

 

The supplemental cash flow information related to leases are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

264

 

 

 

 

Operating cash flows from finance leases

 

 

 

 

 

 

Financing cash flows from finance leases

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

Operating leases

 

 

650

 

 

 

 

Finance leases

 

 

5

 

 

 

 

Summary of Information Relating to Lease Term and Discount Rate

Information relating to the lease term and discount rate are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term (in months)

 

As of March 31, 2020

 

 

As of March 31, 2019

 

Operating leases

 

 

26.0

 

 

 

 

Finance leases

 

 

50.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average discount rate

 

 

 

 

 

 

 

 

Operating leases

 

 

7.50

%

 

 

 

Finance leases

 

 

7.50

%

 

 

 

 

Summary of Maturities of Lease Liabilities

As of March 31, 2020 the maturities of lease liabilities were as follows:

 

 

 

 

 

 

 

 

(in thousands)

 

Operating Leases

 

 

Finance Leases

 

 

 

 

 

 

 

 

 

 

2021

 

$

267

 

 

$

1

 

2022

 

 

162

 

 

 

1

 

2023

 

 

84

 

 

 

1

 

2024

 

 

 

 

 

1

 

2025

 

 

 

 

 

1

 

Thereafter

 

 

 

 

 

 

Total lease payments

 

$

513

 

 

$

5

 

Less: Imputed interest

 

 

(38

)

 

 

 

Total

 

$

475

 

 

$

5