Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)

12 Months Ended

Mar. 31, 2020

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

uture minimum lease payments as of March 31, 2020 and for comparison purposes as of March 31, 2019, prior to the adoption of ASC 842, future minimum lease payments under non-cancellable operating leases (in thousands):



Fiscal Year	Operating Leases
2021	$	355
2022	67
2023	69
2024	70
2025	67
Thereafter	—
Total lease payments	628
Less: imputed interest	(39		)
Total operating lease liabilities as of March 31, 2020	$	589


Fiscal Year	Operating Leases
2020	$	705
2021	357
2022	—
2023	—
2024	—
Thereafter	—
Total operating lease payments as of March 31, 2019	$	1,062

Lease, Cost [Table Text Block]

The components of lease expense are as follows:



(in thousands)	Twelve months ended March 31, 2020
Operating lease expense	$	800
Variable lease expense ⁽¹⁾	97
Total lease expense ⁽²⁾	$	897

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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.

ScheduleOfClassificationOfRightOfUseAssetsAndLeaseLiabilitiesTableTextBlock [Table Text Block]

The following table summarizes the classification of ROU assets and lease liabilities as of March 31, 2020:



(in thousands)	March 31, 2020		Balance Sheet Classification
Assets:
ROU assets	628		Right-of-use assets on operating leases, net
Liabilities:
Current operating lease liability	339		Accrued expenses
Non-current operating lease liabilities	250		Other non-current liabilities
Total lease liabilities	$	589