The following table sets forth the components of the Company’s lease cost for the year ended March 31, 2026 and 2025. | | | March 31, | | | | | 2026 | | | 2025 | | | Finance lease cost: | | | | | | | | Depreciation of asset under finance lease | | $ | 184 | | | $ | 123 | | | Interest on lease liabilities (included in interest expense in the statements of operations) | | | 29 | | | | 26 | | | Total finance lease cost | | $ | 213 | | | $ | 149 | | | Operating lease cost: | | | | | | | | | | Amortization of right of use asset (included in general and administrative expenses in the statements of operations) | | $ | 2,042 | | | $ | 2,479 | | | Rental expense (included in cost of revenue, and general and administrative expenses in the statement of operations) | | | 486 | | | | 390 | | | Operating lease cost | | $ | 2,528 | | | $ | 2,869 | | | | | | | | | | | | | Cash paid for amounts included in the measurement of lease liabilities | | | | | | | | | | Operating cash flows from operating leases | | $ | 2,091 | | | $ | 2,731 | | | Financing cash flows from finance leases | | | 213 | | | | 126 | | | Total cash paid for amounts included in measurement of lease liabilities | | $ | 2,304 | | | $ | 2,857 | | The following table sets forth the Company’s right of use assets and lease liabilities as of March 31, 2026 and 2025: | | | March 31, | | | | | 2026 | | | 2025 | | | Finance lease assets (included in Property and equipment-see Note 4) | | $ | 930 | | | $ | 1,112 | | | Operating lease right of use assets | | $ | 1,824 | | | $ | 2,114 | | | | | | | | | | | | | Finance lease liabilities | | | | | | | | | | Non-current liabilities | | $ | 258 | | | $ | 385 | | | Current liabilities | | | 193 | | | | 163 | | | Total Finance lease liabilities | | $ | 451 | | | $ | 548 | | | Operating lease liabilities | | | | | | | | | | Non-current liabilities | | $ | 564 | | | $ | 683 | | | Current liabilities | | | 1,236 | | | | 1,432 | | | Total operating lease liabilities | | $ | 1,800 | | | $ | 2,115 | | | | | March 31,
2026 | | | March 31,
2025 | | | Weighted average lease term (Years) | | | | | | | | Finance leases | | | 3.3 | | | | 1.6 | | | Operating leases | | | 1.4 | | | | 1.7 | | | Weighted average discount rate | | | | | | | | | | Finance leases | | | 5.8 | % | | | 6.2 | % | | Operating leases | | | 3.8 | % | | | 5.2 | % |
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