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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 725 $ 7,910
Restricted cash 1,825
Accounts receivable, net 2,458 1,035
Inventories, net 5,331 2,230
Prepaid and other current assets 2,385 742
Total current assets 12,724 11,917
Non-current assets:    
Property and equipment, net 413 502
Operating lease right of use asset 97 143
Other non-current assets 41 47
Total non-current assets 551 692
Total Assets 13,275 12,609
Current liabilities:    
Trade payables 4,144 1,584
Accrued expenses 2,338 2,697
Trade finance facility 906
Short-term borrowings, net of discount of $811 1,782
Operating lease obligations, current portion 82 101
Unearned revenue 1,328 420
Total current liabilities 10,580 4,802
Non-current liabilities:    
Operating lease obligations, long-term portion 16 44
Total non-current liabilities 16 44
Total Liabilities 10,596 4,846
Shareholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding as of September 30, 2024 and March 31, 2024, respectively
Common stock; $0.0001 par value; 100,000,000 shares authorized; 15,962,889 and 15,653,449 shares issued and outstanding as of September 30, 2024 and March 31, 2024, respectively 1 1
Additional paid-in capital 57,865 56,824
Accumulated other comprehensive loss (78) (85)
Accumulated deficit (55,109) (48,977)
Total shareholders’ equity 2,679 7,763
Total Liabilities and Shareholders’ Equity $ 13,275 $ 12,609