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Leases (Tables)
3 Months Ended
Jun. 30, 2021
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:

 

 

 

 

Three Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Lease cost

 

 

 

 

 

 

 

 

Operating lease cost

 

$

64

 

 

$

64

 

Finance lease cost

 

 

—

 

 

 

—

 

     Amortization of right-of-use assets

 

 

—

 

 

 

—

 

     Interest on lease liabilities

 

 

—

 

 

 

—

 

Variable lease costs

 

 

—

 

 

 

—

 

Total lease cost

 

 

64

 

 

 

64

 

 

 

 

 

 

 

 

 

 

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

 

 

67

 

 

 

67

 

Operating cash flows from finance leases

 

 

—

 

 

 

—

 

Financing cash flows from finance leases

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

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 Table Text Block

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term (in months)

 

As of June 30, 2021

 

 

As of June 30, 2020

 

Operating leases

 

 

16.9

 

 

 

23.5

 

Finance leases

 

 

35.2

 

 

 

47.2

 

 

 

 

 

 

 

 

 

 

Weighted average discount rate

 

 

 

 

 

 

 

 

Operating leases

 

 

7.50

%

 

 

7.50

%

Finance leases

 

 

7.50

%

 

 

7.50

%

 

Summary of Maturities of Lease Liabilities

As of June 30, 2021 the maturities of lease liabilities were as follows:

 

 

 

 

 

 

 

 

(in thousands)

 

Operating Leases

 

 

Finance Leases

 

 

 

 

 

 

 

 

 

 

2022

 

$

95

 

 

$

1

 

2023

 

 

84

 

 

 

1

 

2024

 

 

—

 

 

 

1

 

2025

 

 

—

 

 

 

1

 

Thereafter

 

 

—

 

 

 

—

 

Total lease payments

 

$

179

 

 

$

4

 

Less: Imputed interest

 

 

(9

)

 

 

(1

)

Total

 

$

170

 

 

$

3