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ACCRUED AND OTHER LIABILITIES

9 Months Ended

Dec. 31, 2024

Accrued Liabilities Disclosure [Abstract]

Accrued Liabilities Disclosure [Text Block]

NOTE 10 – ACCRUED AND OTHER LIABILITIES

	(in thousands)
	As of December 31, 2024 ($)		As of March 31, 2024 ($)
Compensation and other contributions		864		816
Provision for expenses		117		208
Short-term lease liabilities		124		124
Other current liabilities		717		419
Total		1,822		1,567

Compensation and other contribution-related liabilities consist of accrued salaries to employees. In addition, provision for expenses includes provision for legal, professional, and marketing expenses. Other current liabilities also include statutory payables of approximately $14 thousand and $25 thousand as of December 31, 2024, and March 31, 2024, respectively, and approximately $3 thousand of short-term loans as of December 31, 2024, and March 31, 2024, respectively. In addition, during the nine months ended, December 31, 2024, the Company received approximately $550 thousand related to asset held for sale. Please refer to Note 6 – “Property, plant and, equipment”, for more information.