LEASES |
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| Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LEASES | LEASES The Company has operating leases for its offices and fulfillment centers. Fulfillment and customer service centers and corporate office leases expire at various dates through 2038, excluding renewal options. The Company also leases certain equipment under operating and finance leases. The terms of equipment leases are generally five years and do not contain renewal options. These finance leases expire at various dates through 2028. The Company’s finance leases as of June 30, 2025 and March 31, 2025 were not material and were included in property and equipment net, on the Company’s condensed consolidated balance sheets. The following schedule represents the components of the Company’s operating lease assets as of June 30, 2025 and March 31, 2025 (in thousands):
For both the three months ended June 30, 2025 and 2024 no assets were acquired in exchange for new operating lease liabilities. Lease expense for both periods primarily pertains to operating lease cost. Lease expense for operating leases was $1.8 million and $1.8 million for both the three months ended June 30, 2025 and 2024. These lease expenses were included within general and administrative expenses in the condensed consolidated statements of operations and comprehensive loss. Cash flows used in operating activities related to operating leases was approximately $1.0 million, and $1.3 million for the three months ended June 30, 2025 and 2024 respectively.
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| LEASES | LEASES The Company has operating leases for its offices and fulfillment centers. Fulfillment and customer service centers and corporate office leases expire at various dates through 2038, excluding renewal options. The Company also leases certain equipment under operating and finance leases. The terms of equipment leases are generally five years and do not contain renewal options. These finance leases expire at various dates through 2028. The Company’s finance leases as of June 30, 2025 and March 31, 2025 were not material and were included in property and equipment net, on the Company’s condensed consolidated balance sheets. The following schedule represents the components of the Company’s operating lease assets as of June 30, 2025 and March 31, 2025 (in thousands):
For both the three months ended June 30, 2025 and 2024 no assets were acquired in exchange for new operating lease liabilities. Lease expense for both periods primarily pertains to operating lease cost. Lease expense for operating leases was $1.8 million and $1.8 million for both the three months ended June 30, 2025 and 2024. These lease expenses were included within general and administrative expenses in the condensed consolidated statements of operations and comprehensive loss. Cash flows used in operating activities related to operating leases was approximately $1.0 million, and $1.3 million for the three months ended June 30, 2025 and 2024 respectively.
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