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8. LEASES | 12 Months Ended
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Mar. 31, 2021
LEASES |
NOTE 8 - LEASES | NOTE 8—LEASES The Company has operating leases for corporate offices, research and development facilities, certain equipment and software. The Company’s leases have remaining lease terms of 3 months to 29 months, some of which include options to extend for up to 5 years. Supplemental balance sheet information related to leases was as follows:
|  | As of |  | As of
|  | March 31, 2021 |  | March 31, 2020
|  | (In thousands)
Operating Leases |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 677 |  | $ | 617
Lease liabilities-current |  | $ | 375 |  | $ | 498
Lease liabilities-non-current |  |  | 324 |  |  | 142
Total operating lease liabilities |  | $ | 699 |  | $ | 640
The following table provides the details of lease costs:
|  | Year Ended March 31,
|  | 2021 |  | 2020
|  | (In thousands)
Operating lease cost |  | $ | 660 |  | $ | 647
Short-term lease cost |  |  | 48 |  |  | 29
|  | $ | 708 |  | $ | 676
The following table provides other information related to leases:
|  | Year Ended March 31,
|  | 2021 |  | 2020
|  | (In thousands)
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 673 |  | $ | 655
Right-of-use assets obtained in exchange for lease obligations |  |  |  |  |  |
Operating leases |  | $ | 658 |  | $ | 1,228
Weighted-average remaining lease term (years): |  |  |  |  |  |
Operating leases |  |  | 2.1 |  |  | 1.3
Weighted-average discount rate: |  |  |  |  |  |
Operating leases |  |  | 4.70% |  |  | 6.46%
The following table provides the maturities of the Company’s operating lease liabilities as of March 31, 2021:
|  |  |  |  | Operating Lease
|  |  |  |  | Liabilities
Fiscal Year |  |  |  |  | (In thousands)
2022 |  |  |  |  | $ | 383
2023 |  |  |  |  |  | 248
2024 |  |  |  |  |  | 100
Total undiscounted future cash flows |  |  |  |  |  | 731
Less: Imputed interest |  |  |  |  |  | (32)
Present value of undiscounted future cash flows |  |  |  |  | $ | 699
Presentation on statement of financial position |  |  |  |  |  |
Current |  |  |  |  | $ | 375
Non-current |  |  |  |  | $ | 324
Rent expense for the year ended March 31, 2019 was $566,000, under Topic 840.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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