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CLAIMS AND ADVANCES
 12 Months Ended
Mar. 31, 2023
Disclosure Text Block Supplement [Abstract]  
Other Assets Disclosure [Text Block]

NOTE 8 – CLAIMS AND ADVANCES

 

   

(in thousands)

  
   

As of

March 31, 2023

($)

    

As of

March 31, 2022

($)

  

Claims receivable (1)

     951       368  

Non-current deposits

     27       -  

Non-current advances

     25       569  

Total

     1,003       937  

 

(1)

The claims receivable is due from different vendors. While the Company has initiated collection proceedings internally or with the appropriate authorities, it believes receiving the amount in the next 12 months will be challenging because of the time required for collection proceedings. The Company decided to move advances paid to some suppliers worth approximately $164 thousand to claims and advances, considering recovering might take more than 12 months. Includes $140 thousand owed to one of our manufacturers for the equipment purchase.