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.