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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Mar. 31, 2019
Current assets:    
Cash and cash equivalents (note 4) $ 8,827 $ 8,827
Accounts receivable, net (note 5) 2,008 2,264
Inventories, net (note 6) 2,000 1,539
Prepaid expenses and other current assets (note 7) 388 722
Total current assets 13,223 13,352
Goodwill, net  
Property, plant and equipment, net (note 8) 878 886
Operating lease right-of-use assets (note 12) 3,710
Long-term deposits 263 66
Long-term loan receivable 95 75
Long-term rental prepayment (note 9) 871
Investments in equity method investees (note 10)
TOTAL ASSETS 18,169 15,250
Current liabilities:    
Accounts payable 997 1,161
Operating lease liabilities, current (note 12) 782
Accrued expenses and other current liabilities (note 11) 2,294 2,989
Income tax payable 564 602
Dividend payable 351 329
Total current liabilities 4,988 5,081
Operating lease liabilities, non-current (note 12) 2,034
Deferred income taxes (note 3) 229 32
Total liabilities 7,251 5,113
Commitments and contingencies (note 13)
Shareholders' equity:    
Preferred shares, $0.01 par value (Authorized: 20,000 shares; no shares issued and outstanding as of March 31, 2019 and 2020)
Common shares, $0.01 par value (Authorized: 20,000,000 shares; 3,801,874 shares as of March 31, 2019 and 3,971,825 shares as of March 31, 2020 issued and outstanding) 40 38
Additional paid-in capital 11,537 11,370
Accumulated deficit (865) (1,233)
Treasury shares, at cost - 5,049 shares as of March 31, 2019 and nil shares as of March 31, 2020 (note 14) (14)
Accumulated other comprehensive (loss) income 196 (35)
Total Highway Holdings shareholder's equity 10,908 10,126
Non-controlling interests 10 11
Total Equity 10,918 10,137
TOTAL LIABILITIES AND EQUITY $ 18,169 $ 15,250