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LEASES (Tables)

3 Months Ended

Jun. 30, 2021

Disclosure Text Block [Abstract]

Lease, Cost [Table Text Block]

India: The Company renewed three lease agreements for terms between three to four years expiring between 2023 and 2024. The total annual lease expense is approximately $26 thousand. The lease contracts do not contain any material residual value guarantees or material restrictive covenants. The remaining lease term for the operating leases is between 2.7-3.5 years with a discount rate of 7%. The lease does not provide a readily determinable implicit rate. Therefore, the Company discounts lease payments based on an estimate of its incremental borrowing rate.

		(in thousands) Three months ended June 30, 2021 ($)				(in thousands) Three months ended June 30, 2020 ($)
Operating lease costs			37				31
Short term lease costs			31				63
Variable lease costs			-				-
Total lease costs			68				94

		(in thousands)				(in thousands)
		As of June 30, 2021 ($)				As of March 31, 2021 ($)
Assets
Operating lease asset			538				488
Total lease assets			538				488
Liabilities
Current liabilities:
Accrued liabilities and others (current portion – operating lease liability)			114				90
Noncurrent liabilities:
Operating lease liability (non-current portion – operating lease liability)			433				405
Total lease liability			547				495

		(in thousands) As of June 30, 2021 ($)
Supplemental cash flow and non-cash information related to leases is as follows:
Cash paid for amounts included in the measurement of lease liabilities
– Operating cash flows from operating leases			27
Right-of-use assets obtained in exchange for operating lease obligations			538

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

As of June 30, 2021, the following table summarizes the maturity of our lease liabilities:
Jun-22			145
Jun-23			150
Jun-24			150
Jun-25			132
Jun-26			54
Less: Present value discount			(84	)
Total lease liabilities			547

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- References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

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