XML 55 R47.htm IDEA: XBRL DOCUMENT
v3.24.3

Fair Value Measurements (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 | Mar. 31, 2024
Fair Value Disclosures [Abstract] |  |
Summary of liabilities measured at fair value on a recurring basis |
Summary of liabilities measured at fair value on a recurring basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2024 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward Purchase Agreement put option liability |  | $ | - |  |  | $ | - |  |  | $ | 10,940 |  |  | $ | 10,940 |
Public Warrants |  |  | 334 |  |  |  | - |  |  |  | - |  |  |  | 334 |
Private Placement Warrants |  |  | - |  |  |  | - |  |  |  | 276 |  |  |  | 276 |
Total liabilities |  | $ | 334 |  |  | $ | - |  |  | $ | 11,216 |  |  | $ | 11,550 |
March 31, 2024 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward Purchase Agreement put option liability |  | $ | - |  |  | $ | - |  |  | $ | 10,244 |  |  | $ | 10,244 |
Public Warrants |  |  | 747 |  |  |  | - |  |  |  | - |  |  |  | 747 |
Private Placement Warrants |  |  | - |  |  |  | - |  |  |  | 620 |  |  |  | 620 |
Total liabilities |  | $ | 747 |  |  | $ | - |  |  | $ | 10,864 |  |  | $ | 11,611 |
Summary of liabilities measured at fair value on a recurring basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2024 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Forward Purchase Agreement put option liability |  | $ | - |  |  | $ | - |  |  | $ | 10,244 |  |  | $ | 10,244 |
Public Warrants |  |  | 747 |  |  |  | - |  |  |  | - |  |  |  | 747 |
Private Placement Warrants |  |  | - |  |  |  | - |  |  |  | 620 |  |  |  | 620 |
Total liabilities |  | $ | 747 |  |  | $ |  |  |  | $ | 10,864 |  |  | $ | 11,611 |
March 31, 2023 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Forward Purchase Agreement put option liability |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Public Warrants |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Private Placement Warrants |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total liabilities |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Schedule of purchase agreement |
Schedule of purchase agreement |  |  |  |
Expected Term (Years) |  |  | 0.35 |
Risk free Interest Rate |  |  | 5.20 | %
Volatility |  |  | 45.0 | %
Reference Price for one Class A ordinary share |  | $ | 1.90 |
Schedule of purchase agreement |  |  |  |  |  |  |  |
|  | Year Ended March 31, |
|  | 2024 |  |  | 2024 |
Weighted Average Fair Value |  | 10,244 |
Expected Term (Years) |  |  | 0.60 |  |  |  | 0.60 |
Risk free Interest Rate |  |  | 5.10 | % |  |  | 5.10 | %
Volatility |  |  | 39.0 | % |  |  | 39.0 | %
Reference Price for one share of Class A common stock |  | $ | 10.69 |  |  |  | 2.21 |
Probability (Weight) - No Dilutive Offering Reset / With Dilutive Offering Reset due to PIPE transaction* |  |  | 5 | % |  |  | 95 | %
Fair Value of Forward Purchase Agreement Put Option Liability [in thousands] |  | $ | 40,880 |  |  |  | 8,631 |
Stock price at measurement date |  | $ | 2.6 |  |  |  | 2.6 |
*Note: | The private placement announced and completed on April 8, 2024 (estimated probability of 95% as of March 31, 2024). Quoted share price of common stock of the Company when PIPE (Private Investment in Public Entity) transaction took place was $2.21 approx.
Schedule of derivative contract assumptions |
Schedule of derivative contract assumptions |  |  |  |
Term (years) |  |  | 4.36 |
Risk-free interest rate |  |  | 5.20 | %
Stock price at measurement date |  | $ | 1.90 |
Schedule of derivative contract assumptions |  |  |  |
Term (years) |  |  | 4.61 |
Risk-free interest rate |  |  | 5.10 | %
Volatility |  |  | 33.0 | %
Stock price at measurement date |  | $ | 2.6 |
Summary of the changes in the fair value of derivative warrant liabilities |
Summary of the changes in the fair value of derivative warrant liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Forward Purchase Agreement Put Option Liability |  |  | Public Warrant Liability |  |  | Private Placement Liability |  |  | Total |
Fair value at April 1, 2024 |  | $ | 10,244 |  |  | $ | 747 |  |  | $ | 620 |  |  | $ | 11,611 |
Change in fair value (gain) / loss |  |  | 696 |  |  |  | (413 | ) |  |  | (344 | ) |  |  | (61 | )
Fair value as of June 30, 2024 |  | $ | 10,940 |  |  | $ | 334 |  |  | $ | 276 |  |  | $ | 11,550 |
Summary of the changes in the fair value of derivative warrant liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Forward Purchase Agreement Put Option Liability |  |  | Public Warrant Liability |  |  | Private Placement Liability |  |  | Total |
Fair value at April 1, 2023 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Warrants and Forward Purchase Agreement put option liability acquired as part of Business Combination as at November 6, 2023 |  |  | 25,009 |  |  |  | 1,513 |  |  |  | 1,256 |  |  |  | 27,778 |
Change in fair value (gain) / loss |  |  | (14,765 | ) |  |  | (766 | ) |  |  | (636 | ) |  |  | (16,167 | )
Fair value as of March 31, 2024 |  | $ | 10,244 |  |  | $ | 747 |  |  | $ | 620 |  |  | $ | 11,611 |

X
- References No definition available. + Details
Name: | aert_ScheduleOfDerivativeContractAassumptionTableTextBlock
Namespace Prefix: | aert_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for repurchase agreements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRepurchaseAgreements
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration