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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 2,084 $ 1,131
Accounts receivable, net of allowance of $1,263 and $0, as of March 31, 2024 and March 31, 2023, respectively 23,757 13,416
Prepaid expenses and other current assets, net of allowance of $1 and $0, as of March 31, 2024 and March 31, 2023, respectively 6,995 4,117
Deferred transaction costs 1,921
Total current assets 32,836 20,585
Property and equipment, net 3,579 3,125
Operating right-of-use assets 7,318 5,627
Deferred tax assets 1,933 1,237
Long-term investments, net of allowance of $126 and $0, as of March 31, 2024 and March 31, 2023, respectively 1,612 1,564
Other assets, net of allowance of $1 and $0, as of March 31, 2024 and March 31, 2023, respectively 2,129 2,259
Total assets 49,407 34,397
Current liabilities:    
Accounts payable 6,616 2,474
Accrued compensation and related benefits, current 3,119 2,823
Operating lease liabilities, current 2,080 1,648
Short-term borrowings 6,778 1,376
Forward purchase agreement put option liability 10,244
Other current liabilities 9,288 4,201
Total current liabilities 38,125 12,522
Long term debt 1,440 969
Operating lease liabilities, noncurrent 5,615 4,261
Derivative warrant liabilities 1,367
Deferred tax liabilities 92 168
Other liabilities 3,948 3,008
Total liabilities 50,587 20,928
Commitments and contingencies (Note 17)    
Redeemable noncontrolling interest 734
Shareholders’ equity (deficit)    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding
Common Stock, Value, Issued
Net shareholders’ investment and additional paid-in capital 7,221
Accumulated other comprehensive loss (574) (1,349)
(Accumulated deficit) retained earnings (11,668) 6,318
Total Aeries Technology, Inc. shareholders’ deficit (12,240) 12,190
Noncontrolling interest 10,326 1,279
Total shareholders’ equity (deficit) (1,914) 13,469
Total liabilities, redeemable noncontrolling interest and shareholders’ equity (deficit) 49,407 34,397
Common Class A [Member]    
Shareholders’ equity (deficit)    
Common Stock, Value, Issued 2  
Common Class V [Member]    
Shareholders’ equity (deficit)    
Common Stock, Value, Issued