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CLAIMS AND ADVANCES (Tables)
9 Months Ended
Dec. 31, 2021
Disclosure Text Block Supplement [Abstract]  
Schedule of Other Assets, Noncurrent [Table Text Block]
   

(in thousands)

 
   

As of

December 31, 2021

($)

   

As of

March 31, 2021

($)

 

Claims receivable (1)

    382       382  

Non-current deposits

    -       18  

Non-current advances (2)

    230       203  

Total

    612       603  

 

(1)

The claims receivable is due from the Cochin International Airport (“CIA”) which is partially owned by the State Government of Kerala. While the Company has initiated collection proceedings in the Commercial Court of Ernakulam, the Company believes it will be difficult to receive the amount in the next 12 months because of the time required for legal collection proceedings. The decrease in claims receivable was mainly due to foreign exchange translation as a result of a decrease in the value of the Indian Rupee.

 

 

(2)

Includes $200 thousand owed to one of our manufacturers for the purchase of equipment.