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8. LEASES | 9 Months Ended
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Dec. 31, 2020
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 2 months to 32 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
|  | December 31, 2020 |  | March 31, 2020
|  | (In thousands)
Operating Leases |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 817 |  | $ | 617
Lease liabilities-current |  | $ | 457 |  | $ | 498
Lease liabilities-non-current |  |  | 403 |  |  | 142
Total operating lease liabilities |  | $ | 860 |  | $ | 640
The following table provides the details of lease costs:
|  | Three Months Ended December 31, |  | Nine Months Ended December 31,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
|  | (In thousands) |  | (In thousands)
Operating lease cost |  | $ | 172 |  | $ | 164 |  | $ | 504 |  | $ | 483
Short-term lease cost |  |  | 8 |  |  | 7 |  |  | 23 |  |  | 21
|  | $ | 180 |  | $ | 171 |  | $ | 527 |  | $ | 504
The following table provides other information related to leases:
|  | Nine Months Ended December 31,
|  | 2020 |  | 2019
|  | (In thousands)
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 175 |  | $ | 488
Right-of-use assets obtained in exchange for lease obligations |  |  |  |  |  |
Operating leases |  | $ | 658 |  | $ | 1,228
Weighted-average remaining lease term (years): |  |  |  |  |  |
Operating leases |  |  | 2.2 |  |  | 1.5
Weighted-average discount rate: |  |  |  |  |  |
Operating leases |  |  | 4.86% |  |  | 6.46%
The following table provides the maturities of the Company’s operating lease liabilities as of December 31, 2020:
|  |  |  |  | Operating Lease
|  |  |  |  | Liabilities
Fiscal Year |  |  |  |  | (In thousands)
2021 (Remaining three months) |  |  |  |  | $ | 154
2022 |  |  |  |  |  | 395
2023 |  |  |  |  |  | 251
2024 |  |  |  |  |  | 102
Total undiscounted future cash flows |  |  |  |  |  | 902
Less: Imputed interest |  |  |  |  |  | (42)
Present value of undiscounted future cash flows |  |  |  |  | $ | 860
Presentation on statement of financial position |  |  |  |  |  |
Current |  |  |  |  | $ | 457
Non-current |  |  |  |  | $ | 403

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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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