v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income / (loss) $ 2,214 $ 1,676
Adjustments to reconcile net income / (loss) to net cash (used in) / provided by operating activities:    
Depreciation and amortization expense 224 205
Amortization of prior service cost 247
Stock-based compensation expense 710
Deferred tax expense / (benefit) (387) 56
Accrued income from long-term investments (61) (59)
Provision for expected credit loss 14 22
Sundry balances written back (1)
Gain on settlement of liability (225)
(Profit) / loss on sale of property and equipment 11 (19)
Change in fair value of forward purchase agreement put option liability 7 (1,255)
Change in fair value of derivative warrant liabilities (23)
Unrealized exchange (gain) / loss 148 (38)
Changes in operating assets and liabilities:    
Accounts receivable 278 1,660
Prepaid expenses and other current assets (300) 316
Operating right-of-use assets 1,928 685
Other assets 1,169 (786)
Accounts payable (402) (554)
Accrued compensation and related benefits, current (1,247) (571)
Other current liabilities 2,149 613
Operating lease liabilities (1,948) (661)
Other liabilities 295 103
Net cash provided by / (used in) operating activities 4,824 1,369
Cash flows from investing activities    
Acquisition of property and equipment (279) (259)
Sale of property and equipment 1
Fixed Deposits placed with banks (609)
Net cash used in investing activities (278) (868)
Cash flows from financing activities    
Net repayment of short-term borrowings (781) (1,110)
Payment of promissory note liability (150)
Repayment of long-term debt (6) (6)
Payment of finance lease obligations (32) (32)
Payment of FPA liabilities (225)
Payment for purchase of treasury shares (2,157)
Purchase of additional ownership interest in subsidiary (6)
Net cash (used in) / provided by financing activities (3,357) (1,148)
Effect of exchange rate changes on cash and cash equivalents 2 20
Net increase in cash and cash equivalents 1,191 (627)
Cash and cash equivalents at the beginning of the period 4,878 2,764
Cash and cash equivalents at the end of the period 6,069 2,137
Supplemental cash flow disclosure:    
Cash paid for interest 71 110
Cash paid for income taxes, net of refunds 1,250 77
Supplemental disclosure of non-cash investing and financing activities:    
Equipment acquired under finance lease obligations $ 13 $ 31