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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 10,028 $ 9,140
Accounts receivable, net of allowances for doubtful accounts of $6 and $66 as of March 31, 2016 and 2017, respectively 3,403 4,321
Inventories (note 4) 2,265 1,425
Prepaid expenses and other current assets 714 844
Total current assets 16,410 15,730
Goodwill (note 16) 77 77
Property, plant and equipment, net (note 5) 954 1,121
Long-term deposits 111 111
Investments in equity method investees (note 6)
TOTAL ASSETS 17,552 17,039
Current liabilities:    
Accounts payable 2,391 1,307
Accrued expenses and other current liabilities (note 7) 3,053 2,789
Income tax payable 328 440
Dividend payable 438 537
Total current liabilities 6,210 5,073
Deferred income taxes (note 3) 32 32
Total liabilities 6,242 5,105
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, 2016 and March 31, 2017, issued and outstanding) 38 38
Additional paid-in capital 11,370 11,370
Retained profits 13 512
Treasury shares, at cost - 5,049 shares as of March 31, 2016 and 2017 (note 9) (14) (14)
Accumulated other comprehensive income (136) (34)
Total Highway Holdings shareholder's equity 11,271 11,872
Non-controlling interest 39 62
Total Equity 11,310 11,934
TOTAL LIABILITIES AND EQUITY $ 17,552 $ 17,039