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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Mar. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 19,996 $ 11,329
Short term investments 25,542 28,108
Restricted cash 42 43
Accounts receivable, net 26,259 17,366
Unbilled accounts receivable 14,579 17,916
Prepaid expenses and other current assets 13,985 15,598
Total current assets 100,403 90,360
Property and equipment, net 2,195 3,026
Right-of-use asset, net 3,964  
Intangible assets, net 10,518 12,969
Deferred income tax assets 6,957 7,816
Unbilled accounts receivable, net of current portion 2,710 543
Other assets 187 489
Goodwill 34,144 34,145
Total Assets 161,078 149,348
CURRENT LIABILITIES    
Loan from bank-receivable financing and vehicle loan 53 442
Lease liability 1,977  
Accounts payable 2,233 2,327
Accrued expenses and other current liabilities 27,382 34,871
Deferred revenue 18,172 10,988
Total current liabilities 49,817 48,628
Vehicle loan 52 109
Lease liability, net of current portion 2,026  
Consideration payable for Exaxe Holdings Limited acquisition 2,931 2,951
Other liabilities 1,208 1,089
Total Liabilities 56,034 52,777
Commitments and contingencies
STOCKHOLDERS' EQUITY    
Preferred stock, par value $0.002 per share – 50,000,000 shares authorized as of December 31, 2019 and March 31, 2019, and no shares issued and outstanding as of December 31, 2019 and March 31, 2019
Common stock, par value $0.002 per share – 450,000,000 shares authorized as of December 31, 2019 and March 31, 2019; 43,235,701 shares issued and outstanding as of December 31, 2019 and 42,846,273 shares issued and outstanding as of March 31, 2019 87 86
Additional paid-in capital 125,699 122,163
Accumulated deficit (20,002) (26,499)
Accumulated other comprehensive loss (740) (412)
Total stockholders' equity attributable to Majesco stockholders 105,044 95,338
Non-controlling interests in consolidated subsidiaries 1,233
Total Stockholders' Equity 105,044 96,571
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 161,078 $ 149,348