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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2015
Mar. 31, 2014
Current assets:    
Cash and cash equivalents $ 9,727 $ 5,416
Restricted cash (note 7) 0 643
Accounts receivable, net of allowances for doubtful accounts of $6 and $6 as of March 31, 2014 and 2015, respectively 2,943 3,157
Inventories (note 4) 2,081 3,700
Prepaid expenses and other current assets 987 1,044
Total current assets 15,738 13,960
Goodwill (note 17) 77 0
Property, plant and equipment, net (note 5) 1,094 1,213
Long-term deposits 78 167
Investments in equity method investees (note 6) 0 0
Loan receivable 0 436
TOTAL ASSETS 16,987 15,776
Current liabilities:    
Accounts payable 1,579 1,577
Accrued expenses and other liabilities (note 8) 2,429 1,730
Income tax payable 334 279
Dividend payable 380 0
Total current liabilities 4,722 3,586
Deferred income taxes (note 3) 32 44
Total liabilities $ 4,754 $ 3,630
Commitments and contingencies (note 9)    
Shareholders' equity:    
Common shares, $0.01 par value (Authorized: 20,000,000 shares; 3,783,874 shares as of March 31, 2014, and 3,801,874 shares as of March 31, 2015 respectively, issued and outstanding) $ 38 $ 38
Additional paid-in capital 11,370 11,340
Retained profits 782 770
Treasury shares, at cost - 5,049 shares as of March 31, 2014 and 2015 (note 10) (14) (14)
Accumulated other comprehensive income 8 7
Total Highway Holdings shareholder's equity 12,184 12,141
Non-controlling interest 49 5
Total Equity 12,233 12,146
TOTAL LIABILITIES AND EQUITY $ 16,987 $ 15,776