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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income / (loss) $ 1,676 $ (15,317)
Adjustments to reconcile net income / (loss) to net cash (used in) / provided by operating activities:    
Depreciation and amortization expense 205 374
Stock-based compensation expense 12,746
Deferred tax expense / (benefit) 56 (1,241)
Accrued income from long-term investments (59) (52)
Provision for expected credit loss 22 1,024
Sundry balances written back (1) (0)
(Profit) / loss on sale of property and equipment (19) (1)
Change in fair value of forward purchase agreement put option liability (1,255) (757)
Change in fair value of derivative warrant liabilities (23) 696
Loss on issuance of shares against accounts payable 78
Unrealized exchange gain (38) (18)
Changes in operating assets and liabilities:    
Accounts receivable 1,660 104
Prepaid expenses and other current assets 316 (231)
Operating right-of-use assets 685 326
Other assets (786) (217)
Accounts payable (554) 105
Accrued compensation and related benefits, current (571) (940)
Other current liabilities 613 1,617
Operating lease liabilities (661) (321)
Other liabilities 103 305
Net cash provided by / (used in) operating activities 1,369 (1,720)
Cash flows from investing activities    
Acquisition of property and equipment (259) (370)
Sale of property and equipment 2
Issuance of loans to affiliates (276)
Fixed Deposits placed with banks (609)
Payments received for loans to affiliates 36
Net cash used in investing activities (868) (608)
Cash flows from financing activities    
Net repayment of short-term borrowings (1,110) (166)
Payment of insurance financing liability (220)
Proceeds from long-term debt 240
Repayment of long-term debt (6) (4)
Payment of finance lease obligations (32) (123)
Payment of deferred transaction costs (20)
Proceeds from issuance of Class A ordinary shares, net of issuance cost 4,678
Net cash (used in) / provided by financing activities (1,148) 4,385
Effect of exchange rate changes on cash and cash equivalents 20 56
Net increase in cash and cash equivalents (627) 2,113
Cash and cash equivalents at the beginning of the period 2,764 2,084
Cash and cash equivalents at the end of the period 2,137 4,197
Supplemental cash flow disclosure:    
Cash paid for interest 110 118
Cash paid for income taxes, net of refunds 77 802
Supplemental disclosure of non-cash investing and financing activities:    
Unpaid deferred transaction costs included in accounts payable and other current liabilities 643
Equipment acquired under finance lease obligations 31 38
Property and equipment purchase included in accounts payable $ 1