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Long-term debt
 9 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Long-term debt

Note 5 - Long-term debt

 

Long-term debt consists of the following:

 

               
   

December 31,

2023

    

March 31,

2023

  
Loan from the director of ATGBA   $ 836     $ 845  
Loan from an affiliate     193       -  
Non-current portion of vehicle loan     112       124  
    $ 1,141     $ 969  

 

For additional information on the loan from the director of ATGBA, Mr. Vaibhav Rao, to a subsidiary company and loan from an affiliate, see Note 9 – Related Party Transactions - point (g) and (d), respectively.

 

Vehicle loan

 

On December 7, 2022, the Company entered into a vehicle loan, secured by the vehicle, for INR 11,450 (or approximately $138 at the exchange rate in effect on December 31, 2023) at 10.75% from Mercedes-Benz Financial Services India Pvt. Ltd. The Company is required to repay the loan in 48 monthly instalments beginning January 4, 2023.

 

As of December 31, 2023, the future maturities of debt by fiscal year are as follows:

 

       
2024   $ 3  
2025     850  
2026     15  
2027     286  
Total future maturities of debt   $ 1,154