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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (6,132) $ (4,184)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 217 299
Bad debt expense 30 145
Inventory reserve (290)
Unrealized foreign exchange loss 327
Stock based compensation cost – employees 712 14
Amortization of stock based marketing and other services 111 185
Amortization of debt discount 181 348
Accrued interest 400
Changes in operating assets and liabilities:    
Accounts receivable (1,435) (1,399)
Inventories (2,811) (1,769)
Prepaid and other current assets (1,425) 122
Operating lease right of use asset 46 109
Operating lease liability (46) (112)
Trade payables 2,559 1,469
Accrued expenses (359) 305
Unearned revenue 908 1,891
Net cash used in operating activities (7,734) (1,850)
Cash flows from investing activities:    
Purchases of property and equipment (102) (82)
Net cash used in investing activities (102) (82)
Cash flows from financing activities:    
Deferred offering costs (125)
Proceeds from trade finance facilities, net 906 847
Repayment of trade finance facilities, net (875)
Proceeds from issuance of common shares, net   2,179
Proceeds of other borrowings, net 2,000
Repayment of other borrowings (399)
Net cash provided by financing activities 2,507 2,026
Effect of Exchange Rate Changes on Cash (31) (216)
Net Change in Cash and Cash Equivalents and Restricted Cash (5,360) (122)
Cash and Cash Equivalents and Restricted Cash – beginning of the period 7,910 4,712
Cash and Cash Equivalents and Restricted Cash – end of the period 2,550 4,590
Supplemental disclosures of cash flow information:    
Interest paid on borrowings and bank loans 178
Supplemental disclosure of non-cash investing and financing activities:    
Fair value of unamortized stock-based marketing and other services 218
Recognition of debt discount on short-term borrowings 992
Recognition of operating lease right of use assets and lease obligations $ 107