Leases (Tables)

6 Months Ended

Sep. 30, 2020

Future minimum lease payments as of September 30, 2020, consisted of the following (in thousands):


Fiscal Year	Operating Leases
2021 (1)	$	197
2022	577
2023	577
2024	582
2025	593
Thereafter	268
Total lease payments	2,794
Less: imputed interest	(302)
Total operating lease liabilities	$	2,492

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

The components of lease expense are as follows:


	Three months ended September 30,				Six months ended September 30,
(in thousands)	2020		2019		2020		2019
Operating lease expense	$	150	$	204	$	298	$	408
Variable lease expense (1)	17		23		39		63
Total lease expense (2)	$	167	$	227	$	337	$	471

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

(2) Short-term lease expense is immaterial.

The following table summarizes the classification of ROU assets and lease liabilities as of September 30, 2020 and March 31, 2020:


(in thousands)	September 30, 2020		March 31, 2020		Balance Sheet Classification
Assets:
ROU assets	$	2,650	$	628	Right-of-use assets on operating leases, net
Liabilities:
Current operating lease liability	384		339		Accrued expenses
Non-current operating lease liabilities	2,108		250		Lease liabilities non-current
Total lease liabilities	$	2,492	$	589