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8. LEASES | 9 Months Ended
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Dec. 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 4 months to 34 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, 2021 | ​ | March 31, 2021
​ | ​ | (In thousands)
Operating Leases | ​ | ​ | ​ | ​ | ​ | ​
Operating lease right-of-use assets | ​ | $ | 560 | ​ | $ | 677
​ | ​ | ​ | ​ | ​ | ​ | ​
Lease liabilities-current | ​ | $ | 324 | ​ | $ | 375
Lease liabilities-non-current | ​ | ​ | 256 | ​ | ​ | 324
Total operating lease liabilities | ​ | $ | 580 | ​ | $ | 699
​ The following table provides the details of lease costs: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended December 31, | ​ | Nine Months Ended December 31,
​ | ​ | 2021 |  | 2020 | ​ | 2021 |  | 2020
​ | ​ | (In thousands) | ​ | (In thousands)
Operating lease cost | ​ | $ | 98 | ​ | $ | 172 | ​ | $ | 325 | ​ | $ | 504
Short-term lease cost | ​ | ​ | 84 | ​ | ​ | 8 | ​ | ​ | 197 | ​ | ​ | 23
​ | ​ | $ | 182 | ​ | $ | 180 | ​ | $ | 522 | ​ | $ | 527
​ The following table provides other information related to leases: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended December 31,
​ | ​ | 2021 |  | 2020
​ | ​ | (In thousands)
Cash paid for amounts included in the measurement of lease liabilities | ​ | ​ | ​ | ​ | ​ | ​
Operating cash flows from operating leases | ​ | $ | 329 | ​ | $ | 175
​ | ​ | ​ | ​ | ​ | ​ | ​
Right-of-use assets obtained in exchange for lease obligations | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | $ | 174 | ​ | $ | 658
​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average remaining lease term (years): | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | ​ | 2 | ​ | ​ | 2.2
​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average discount rate: | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | ​ | 4.33% | ​ | ​ | 4.86%
​ The following table provides the maturities of the Company’s operating lease liabilities as of December 31, 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Operating Lease
​ | ​ | ​ | ​ |  | Liabilities
Fiscal Year | ​ | ​ | ​ | ​ | (In thousands)
2022 (Remaining three months) | ​ | ​ | ​ | ​ | $ | 91
2023 | ​ | ​ | ​ | ​ | ​ | 316
2024 | ​ | ​ | ​ | ​ | ​ | 165
2025 | ​ | ​ | ​ | ​ | ​ | 31
Total undiscounted future cash flows | ​ | ​ | ​ | ​ | ​ | 603
Less: Imputed interest | ​ | ​ | ​ | ​ | ​ | (23)
Present value of undiscounted future cash flows | ​ | ​ | ​ | ​ | $ | 580
​ | ​ | ​ | ​ | ​ | ​ | ​
Presentation on statement of financial position | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | ​ | ​ | $ | 324
Non-current | ​ | ​ | ​ | ​ | $ | 256
​

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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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