v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,151 $ 6,159
Restricted cash 1,350
Accounts receivable, net 2,146 886
Inventories, net 3,897 1,567
Prepaid and other current assets 2,950 2,812
Total current assets 10,144 12,774
Long term assets:    
Operating lease right-of-use assets 1,003 44
Property and equipment, net 499 483
Other non-current assets 582 36
Total assets 12,228 13,337
Current liabilities:    
Trade payables 3,601 2,594
Accrued expenses 2,859 4,233
Trade finance facility 2,495
Short-term borrowings, net 1,851
Operating lease obligations, current 37 44
Deferred revenue 245 264
Total current liabilities 6,742 11,481
Long term liabilities:    
Operating lease obligations, non-current 1,032
Total liabilities 12,914 11,481
Commitments and contingencies (see Note 14  )
Stockholders’ (deficit) equity:    
Series AA convertible preferred stock, $0.0001 par value, 1,800,000 shares authorized; Nil shares and 924,921 shares issued and outstanding as of March 31, 2026 and 2025, respectively
Common stock; $0.0001 par value, 100,000,000 shares authorized: 47,048,174 and 19,291,000 shares issued and outstanding as of March 31, 2026 and 2025, respectively 4 2
Additional paid-in-capital 71,663 66,793
Accumulated other comprehensive loss (306) (23)
Accumulated deficit (72,047) (64,916)
Total stockholders’ (deficit) equity (686) 1,856
Total liabilities and stockholders’ (deficit) equity 12,228 13,337
Related Party [Member]    
Long term liabilities:    
Line of credit from related party, non-current $ 5,140