v3.25.2
Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2024
Mar. 31, 2024
ASSETS    
Cash and cash equivalents $ 3,975 $ 4,221
Accounts receivable, net of allowance for credit losses of $179,000 in December 31, 2024 and $195,000 in March 31, 2024 1,035 1,124
Other receivables, net of allowance for credit losses of $8,500 in December 31, 2024 and $32,000 in March 31, 2024 1,351 4,373
Accrued revenue (Note 8) 118 588
Prepaid expenses, parts inventory, and advances 2,406 919
Prepaid manufacturing costs (Note 8) 425 673
Projects under development (Note 3) 5,711
Loan receivable (Note 4) 1,080 776
Total current assets 16,155 12,724
Assets held for sale (Note 5) 535
Projects under development (Note 3) 8,497 8,468
Property and equipment 161 [1] 710
Intangible assets (Note 6) 921 1,048
Right of use assets 1,055 1,370
Deferred tax assets 1,201 479
Investment and other advances 7,952 3,667
Total assets 36,477 28,466
Current liabilities    
Accounts payable and accrued liabilities (Note 9) 12,510 6,796
Warranty provision 32 50
Contract liabilities (Note 8) 4,180 4,700
Loans payable (Note 10) 17,925
Current portion of lease obligations 503 454
Interest payable (Note 10) 2,634
Income taxes payable 4,809 4,809
Total current liabilities 41,247 20,942
Deferred tax liabilities 743 747
Long-term operating lease obligations 463 769
Total liabilities 42,453 22,458
Stockholders’ equity    
Common stock, 500,000,000 shares authorized, $0.001 par value 57,045,724 and 5,234,572 shares issued and outstanding, December 31, 2024 and March 31, 2024 respectively (Note 12) 57 52
Additional paid-in capital 98,043 98,023
Accumulated other comprehensive income 3,179 3,564
Deficit (107,679) (96,389)
Total stockholders’ (deficit) equity (6,400) 5,250
Treasury stock (255)
Noncontrolling interest (Note 7) 679 758
Total (deficit) equity (5,976) 6,008
Total liabilities and stockholders’ (deficit) equity 36,477 28,466
Related Party    
ASSETS    
Due from related parties (Note 11) 54 50
Current liabilities    
Due to related parties (Note 11) $ 1,288 $ 1,499
[1] The amounts presented for property and equipment are after the reclassification of $535,000 to assets held for sale at December 31, 2024 (see Note 5).