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8. LEASES (Tables)

6 Months Ended

Sep. 30, 2025

LEASES

Summary of balance sheet information related to leases

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​	​	​	​	​	​	​
​	​	As of		​	As of
​	​	September 30, 2025			March 31, 2025
​	​	(In thousands)
Operating Leases	​	​	​	​	​	​
Operating lease right-of-use assets	​	$	8,913	​	$	9,547
​	​	​	​	​	​	​
Lease liabilities-current	​	$	1,602	​	$	1,642
Lease liabilities-non-current	​	​	7,460	​	​	8,001
Total operating lease liabilities	​	$	9,062	​	$	9,643

Summary of components of lease costs

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Three Months Ended September 30,

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Six Months Ended September 30,

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2025

2024

2025

2024

​

​

(In thousands)

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(In thousands)

Operating lease cost

​

$

468

​

$

458

​

$

933

​

$

691

Short-term lease cost

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​

7

​

​

8

​

​

13

​

​

16

​

​

$

475

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$

466

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$

946

​

$

707

Summary of other information related to leases

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​	​	​	​	​	​	​
​	​	Six Months Ended September 30,
​	​	2025			2024
​	​	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities	​	​	​	​	​	​
Operating cash flows from operating leases	​	$	866	​	$	635
​	​	​	​	​	​	​
Right-of-use assets obtained in exchange for lease obligations	​	​	​	​	​	​
Operating leases	​	$	—	​	$	9,092
​	​	​	​	​	​	​
Weighted-average remaining lease term (years):	​	​	​	​	​	​
Operating leases	​	​	8.17	​	​	8.94
​	​	​	​	​	​	​
Weighted-average discount rate:	​	​	​	​	​	​
Operating leases	​	​	6.26%	​	​	6.19%

Summary of maturities of the lease liabilities

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​	​	​	​
​	​	Operating Lease
​	​	Liabilities
Fiscal Year	​	(In thousands)
2026 (remaining six months)	​	$	776
2027	​	​	1,623
2028	​	​	1,192
2029	​	​	1,220
2030	​	​	1,257
Thereafter	​	​	5,651
Total undiscounted future cash flows	​	​	11,719
Less: Imputed interest	​	​	(2,657)
Present value of undiscounted future cash flows	​	$	9,062
​	​	​	​
Presentation on statement of financial position	​	​	​
Current	​	$	1,602
Non-current	​	$	7,460

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Tabular disclosure of balance sheet information related to leases.

+ References

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Tabular disclosure of other information related to leases.

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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