Quarterly report pursuant to Section 13 or 15(d)

17. Commitments and Contingent Liabilities

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17. Commitments and Contingent Liabilities
 9 Months Ended
Dec. 31, 2017
Commitments And Contingent Liabilities  
Commitments and Contingent Liabilities

The table below shows approximate lease commitments and other contingent liabilities of the Company as of December 31, 2017:

 

Contractual obligations Total Less than 1 year 2-3 years After 3 years
Office lease(1) $ 7,289 $ 3,826 $ 2,504 $ 959

 

TOTAL

 $ 7,289 $ 3,826 $ 2,504 $ 959

 

(1) The Company has number of lease agreements for office spaces in different locations. In general, all agreements are made for a one year period with extension or termination provisions, except two lease agreements with longer lease terms.

 

The Company’s rent expense for office space was $818 and $313 for the three months ended December 31, 2017 and 2016, respectively. The Company’s rent expense for office space was $-1,647 and $ 917 for the nine months ended December 31, 2017 and 2016, respectively.