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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 9,140 $ 9,727
Accounts receivable, net of allowances for doubtful accounts of $6 and $6 as of March 31, 2015 and 2016, respectively 4,321 2,943
Inventories (note 4) 1,425 2,081
Prepaid expenses and other current assets 844 987
Total current assets 15,730 15,738
Goodwill (note 16) 77 77
Property, plant and equipment, net (note 5) 1,121 1,094
Long-term deposits 111 78
Investments in equity method investees (note 6) 0 0
TOTAL ASSETS 17,039 16,987
Current liabilities:    
Accounts payable 1,307 1,579
Accrued expenses and other liabilities (note 7) 2,789 2,429
Income tax payable 440 334
Dividend payable 537 380
Total current liabilities 5,073 4,722
Deferred income taxes (note 3) 32 32
Total liabilities $ 5,105 $ 4,754
Commitments and contingencies (note 8)
Shareholders' equity:    
Common shares, $0.01 par value (Authorized: 20,000,000 shares; 3,801,874 shares as of March 31, 2015 and March 31, 2016, issued and outstanding) $ 38 $ 38
Additional paid-in capital 11,370 11,370
Retained profits 512 782
Treasury shares, at cost - 5,049 shares as of March 31, 2015 and 2016 (note 9) (14) (14)
Accumulated other comprehensive income (34) 8
Total Highway Holdings shareholder's equity 11,872 12,184
Non-controlling interest 62 49
Total Equity 11,934 12,233
TOTAL LIABILITIES AND EQUITY $ 17,039 $ 16,987