Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.2
Leases (Tables)
 12 Months Ended
Mar. 31, 2022
Leases  
Lease cost information
               
    March 31,     March 31,  
    2022     2021  
Operating leases:                
Operating lease right-of-use assets   $ 559,000     $ 769,000  
Operating lease liabilities – current     250,000       240,000  
Operating lease liabilities – non-current     309,000       529,000  

 

Other information related to leases is presented below:

 

   

Year ended

March 31, 2022

     Year ended
March 31, 2021		  
Lease cost                
Operating lease cost   $ 367,000     $ 435,000  
                 
As of March 31, 2022                
Other information:                
Operating cash flows from operating leases   $ (223,000 )   $ (215,000 )
Weighted-average remaining lease term – operating leases (in months)     27.3       37.7  
Weighted-average discount rate – operating leases     6.00%       6.00%  
Schedule of minimum operating lease liabilities
       
For Years Ending March 31,      
       
2023     297,000  
2024     210,000  
2025     106,000  
Thereafter     14,000  
Total future minimum lease payments, undiscounted     627,000  
Less: imputed interest     (68,000 )
Total lease liability   $ 559,000