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Leases (Tables)
3 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Additional Lease Cost Information
Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows:
 Three months ended June 30,
 20222021
Weighted average term - operating lease liabilities3.37 years4.24 years
Weighted average incremental borrowing rate - operating lease liabilities13%13%
Lease Cost
The following table presents net lease cost for the three months ended June 30, 2022 and 2021 (in thousands):
 Three months ended June 30,
 20222021
Lease cost
Operating lease cost (cost resulting from lease payments)$449$513
Short term lease cost44
Net lease cost$453$517
Supplemental Lease Information
The following table presents supplemental cash flow and non-cash activity information for the three months ended June 30, 2022 and 2021 (in thousands):
 Three months ended June 30,
 20222021
Cash paid activity:
Operating lease - operating cash flows (fixed payments)$543$587
Operating lease - operating cash flows (liability reduction)$327$377
Non-cash activity:
Right of use assets obtained in exchange for new operating lease liabilities $50$66
The following table presents supplemental balance sheet information as of June 30, 2022 and March 31, 2022 (in thousands):
 June 30, 2022March 31, 2022
Non-current assets - right of use assets, net$3,809$4,047
Current liabilities - operating lease liabilities$1,571$1,512
Non-current liabilities - operating lease liabilities$3,791$4,177
Future Minimum Payments
Future minimum payments under non-cancelable leases for office and tower spaces (exclusive of real estate tax, utilities, maintenance and other costs borne by the Company) for the remaining terms of the leases following the three months ended June 30, 2022, are as follows (in thousands):
Fiscal Year
Operating
Leases
2023 (excluding the three months ended June 30, 2022)
$1,615
20241,999
20251,565
2026871
2027464
After 2027
129
Total future minimum lease payments6,643
Amount representing interest(1,281)
Present value of net future minimum lease payments$5,362