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Leases (Tables)
9 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Additional Lease Cost Information
Weighted-average remaining lease term and incremental borrowing rate for the Company’s operating leases are as follows:
 Nine months ended December 31,
 20222021
Weighted average term - operating lease liabilities3.01 years3.78 years
Weighted average incremental borrowing rate - operating lease liabilities12%13%
Lease Cost
The following table presents net lease cost for the three and nine months ended December 31, 2022 and 2021 (in thousands):
 Three months ended December 31,Nine months ended December 31,
 2022202120222021
Lease cost
Operating lease cost (cost resulting from lease payments)$461$485$1,355$1,493
Short term lease cost3713
Net lease cost$461$488$1,362$1,506
Supplemental Lease Information
The following table presents supplemental cash flow and non-cash activity information for the nine months ended December 31, 2022 and 2021 (in thousands):
 Nine months ended December 31,
 20222021
Cash paid activity:
Operating lease - operating cash flows (fixed payments)$1,634$1,719
Operating lease - operating cash flows (liability reduction)$747$1,087
Non-cash activity:
Right of use assets obtained in exchange for new operating lease liabilities $165$78
The following table presents supplemental balance sheet information as of December 31, 2022 and March 31, 2022 (in thousands):
 December 31, 2022March 31, 2022
Non-current assets - right of use assets, net$3,567$4,047
Current liabilities - operating lease liabilities$1,749$1,512
Non-current liabilities - operating lease liabilities$3,193$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 nine months ended December 31, 2022, are as follows (in thousands):
Fiscal Year
Operating
Leases
2023 (excluding the nine months ended December 31, 2022)
$567
20242,128
20251,661
2026902
2027497
After 2027
174
Total future minimum lease payments5,929
Amount representing interest(987)
Present value of net future minimum lease payments$4,942