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DEPOSITS AND ADVANCES

6 Months Ended

Sep. 30, 2021

NOTE 4 – DEPOSITS AND ADVANCES

	*(in thousands)*
	As of September 30, 2021 ($)		As of March 31, 2021 ($)
Advances to suppliers and consultants		961		1,295
Advances for property, plant and equipment		31		4
Other receivables		449		1,741
Prepaid expense and other current assets		228		196
Total		1,669		3,236

The Advances to suppliers and consultants primarily relate to advances to suppliers in our Life Sciences and Infrastructure segment. Advances for Property, Plant and Equipment include an advance paid for equipment. Prepaid expense and other current assets include approximately $32 thousand statutory advances as of September 30, 2021, as compared to $36 thousand as of March 31, 2021. Other receivables as of March 31, 2021, comprised inventory of $1.7 million that was on deposit with a vendor. The vendor reported the inventory as stolen and filed an insurance claim. The Company created a provision for the $1.7 million inventory during the current quarter. We are simultaneously pursuing the vendor for compensation.