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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Mar. 31, 2018
Current assets:    
Cash and cash equivalents (note 4) $ 8,827 $ 11,267
Accounts receivable, net (note 5) 2,264 2,223
Inventories, net (note 6) 1,539 2,933
Prepaid expenses and other current assets (note 7) 722 749
Total current assets 13,352 17,172
Goodwill, net 77
Property, plant and equipment, net (note 8) 886 770
Long-term deposits 66 111
Long-term loan receivable 75
Long-term rental prepayment (note 9) 871
Investments in equity method investees (note 10)
TOTAL ASSETS 15,250 18,130
Current liabilities:    
Accounts payable 1,161 900
Accrued expenses and other current liabilities (note 11) 2,989 3,982
Income tax payable 602 803
Dividend payable 329 623
Total current liabilities 5,081 6,308
Deferred income taxes (note 3) 32 32
Total liabilities 5,113 6,340
Commitments and contingencies (note 12)
Shareholders' equity:    
Common shares, $0.01 par value (Authorized: 20,000,000 shares; 3,801,874 shares as of March 31, 2018, 2019, issued and outstanding) 38 38
Additional paid-in capital 11,370 11,370
Retained profits (1,233) 347
Treasury shares, at cost - 5,049 shares as of March 31, 2018 and 2019 (note 13) (14) (14)
Accumulated other comprehensive loss (35)
Total Highway Holdings shareholder's equity 10,126 11,741
Non-controlling interest 11 49
Total Equity 10,137 11,790
TOTAL LIABILITIES AND EQUITY $ 15,250 $ 18,130