v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (2,967) $ (2,220)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 1,476 1,483
Change in right of use assets 2,042 2,479
(Gain) loss on disposal of property and equipment (62) 1
Amortization of intangible assets 2 19
Share based compensation 30 1,768
(Reversal) provision for doubtful accounts (85) 31
Impairment of goodwill 291
Loss on de-recognition of a subsidiary 169
Interest accrued for convertible note 28
Change in operating assets and liabilities:    
Deferred tax liability (28)
Accounts receivable (3,442) 2,888
Government subsidies receivables 1,259 (111)
Prepaid expenses & other current assets (220) 2,132
Inventories 39 11
Accounts payable and accrued expenses 76 879
Operating lease liabilities (2,169) (2,731)
Tax payable (75) 462
Net cash (used in) provided by operating activities (3,927) 7,382
Cash flows from investing activities:    
Acquisition of property and equipment (1,735) (1,098)
Proceeds from sale of property and equipment 1,007 67
Net cash used in investing activities (728) (1,031)
Cash flows from financing activities:    
Proceeds from convertible note 2,000
Payment of finance lease liabilities (213) (126)
Repayment of bank loans (141,610) (159,107)
Proceeds from bank loans 142,581 154,846
Net cash provided by (used in) financing activities 2,758 (4,387)
Net decrease in cash and cash equivalents (1,897) 1,964
Effect of exchange rate changes on cash and cash equivalents 673 533
Cash and cash equivalents, beginning of year 10,145 7,648
Cash and cash equivalents, end of year 8,921 10,145
Supplemental disclosure of cash flow information    
Cash paid for interest 639 789
Cash paid for taxes 480
Supplemental disclosure of non-cash investing and financing transactions    
Acquisition of equipment under finance leases 265 367
Recognition of Right of use assets and liabilities $ 1,670 $ 1,167