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8. LEASES (Tables)
6 Months Ended
Sep. 30, 2023
LEASES  
Summary of balance sheet information related to leases

As of

As of

September 30, 2023

March 31, 2023

(In thousands)

Operating Leases

Operating lease right-of-use assets

$

1,031

$

684

Lease liabilities-current

$

396

$

413

Lease liabilities-non-current

592

238

Total operating lease liabilities

$

988

$

651

Summary of components of lease costs

Three Months Ended September 30, 

Six Months Ended September 30, 

2023

    

2022

2023

    

2022

(In thousands)

(In thousands)

Operating lease cost

$

141

$

149

$

284

$

299

Short-term lease cost

8

8

16

16

$

149

$

157

$

300

$

315

Summary of other information related to leases

Six Months Ended September 30, 

2023

    

2022

(In thousands)

Cash paid for amounts included in the measurement of lease liabilities

Operating cash flows from operating leases

$

283

$

298

Right-of-use assets obtained in exchange for lease obligations

Operating leases

$

637

$

376

Weighted-average remaining lease term (years):

Operating leases

2.85

2.57

Weighted-average discount rate:

Operating leases

4.11%

4.35%

Summary of maturities of the lease liabilities

Operating Lease

Liabilities

Fiscal Year

(In thousands)

2024 (remaining six months)

$

251

2025

303

2026

305

2027

180

2028

7

Total undiscounted future cash flows

1,046

Less: Imputed interest

(58)

Present value of undiscounted future cash flows

$

988

Presentation on statement of financial position

Current

$

396

Non-current

$

592