v3.26.1
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 $ 3,654 $ 3,596
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Noncash lease expenses 5 5
Changes in operating assets and liabilities:    
Accounts receivable (7,586) (4,872)
Prepaid expenses and other current assets 840 (263)
Income tax payable 1,592 1,282
Accounts payable and accrued expenses (23) (574)
Payable due to related party
Operating lease liabilities (5) (5)
Other current liabilities (2,453) (914)
Net cash used in operating activities (3,976) (1,745)
Cash flows from financing activities    
Repayments of debt (44) (48)
Payment for deferred offering costs (250)
Repayment of convertible bonds (6,269)
Net cash used in financing activities (6,563) (48)
Effect of exchange rate change on cash and cash equivalents (59) 212
Net change in cash and cash equivalents (10,598) (1,581)
Cash and cash equivalents at beginning of period 12,104 5,178
Cash and cash equivalents at end of period 1,506 3,597
Supplemental disclosures of cash flow information:    
Cash paid for interest 13 39
Cash paid for income taxes $ 21 $ 305