Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

9 Months Ended

Dec. 31, 2019

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

Future minimum lease payments as of December 31, 2019, consisted of the following (in thousands):



Fiscal Year	Operating Leases
2020 ⁽¹⁾	$	184
2021	420
2022	67
2023	69
2024	70
Thereafter	66
Total lease payments	876
Less: imputed interest	(46		)
Total operating lease liabilities	$	830

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⁽¹⁾ Represents the future minimum operating lease payments expected to be made over the remaining balance of the fiscal year.

Lease, Cost [Table Text Block]

The components of lease expense are as follows:



(in thousands)	Three months ended December 31, 2019		Nine months ended December 31, 2019
Operating lease expense	$	202	$	610
Variable lease expense ⁽¹⁾	25		88
Total lease expense ⁽²⁾	$	227	$	698

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⁽¹⁾ Variable lease expense is related to our leased real estate in Ohio and New Hampshire and primarily includes labor and operational costs as well as taxes and insurance.

⁽²⁾ Short-term lease expense is immaterial.

ScheduleOfClassificationOfRightOfUseAssetsAndLeaseLiabilities [Table Text Block]

The following table summarizes the classification of ROU assets and lease liabilities as of December 31, 2019:



(in thousands)	December 31, 2019		Balance Sheet Classification
Assets:
ROU assets	$	810	Right-of-use assets on operating leases, net
Liabilities:
Current operating lease liability	566		Accrued expenses
Non-current operating lease liabilities	264		Other non-current liabilities
Total lease liabilities	$	830