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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Mar. 31, 2017
Current assets:    
Cash and cash equivalents (note 4) $ 11,267 $ 10,028
Accounts receivable, net (note 5) 2,223 3,403
Inventories, net (note 6) 2,933 2,265
Prepaid expenses and other current assets 749 714
Total current assets 17,172 16,410
Goodwill 77 77
Property, plant and equipment, net (note 7) 770 954
Long-term deposits 111 111
Investments in equity method investees (note 8)
TOTAL ASSETS 18,130 17,552
Current liabilities:    
Accounts payable 900 2,391
Accrued expenses and other current liabilities (note 9) 3,982 3,053
Income tax payable 803 328
Dividend payable 623 438
Total current liabilities 6,308 6,210
Deferred income taxes (note 3) 32 32
Total liabilities 6,340 6,242
Shareholders' equity:    
Common shares, $0.01 par value (Authorized: 20,000,000 shares; 3,801,874 shares as of March 31, 2017, 2018, issued and outstanding) 38 38
Additional paid-in capital 11,370 11,370
Retained profits 347 13
Treasury shares, at cost - 5,049 shares as of March 31, 2017 and 2018 (note 11) (14) (14)
Accumulated other comprehensive loss (136)
Total Highway Holdings shareholder's equity 11,741 11,271
Non-controlling interest 49 39
Total Equity 11,790 11,310
TOTAL LIABILITIES AND EQUITY $ 18,130 $ 17,552