Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingent Liabilities

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Commitments and Contingent Liabilities
 6 Months Ended
Sep. 30, 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 September 30, 2018:

 

    Payments Due By Period      
    Total     Less than 1 year     1-3 years     3-5 years   More than 5 years  
Operating Leases:                            
Office Leases(1)   $  8,524     $  4,639     $  3,885     $  -   $   -  
Total Operating Leases   $ 8,524     $ 4,639     $ 3,885     $ -   $ -  

 

(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 three lease agreements with longer lease terms.

 

The Company’s rent expense for office space was $1,198 and $441 for the three months ended September 30, 2018 and 2017, respectively. The Company’s rent expense for office space was $2,218 and $818 for the six months ended September 30, 2018 and 2017, respectively.