Annual report pursuant to Section 13 and 15(d)

29. Commitments and Contingent Liabilities

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29. Commitments and Contingent Liabilities
 12 Months Ended
Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingent Liabilities

The table below shows approximate lease commitments and other contingent liabilities of the Company as of March 31, 2018:

 

Contractual obligations   Total     Less than 1 year     2-3 years     After 3 years  
Office leases(1)   $ 6,841     $ 4,275     $ 1,790     $ 776  
TOTAL   $ 6,841     $ 4,275     $ 1,790     $ 776  

 

(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 $2,618 and $1,263 for the year ended March 31, 2018 and 2017, respectively.