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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,197 $ 2,084
Accounts receivable, net of allowance of $2,299 and $1,263 as of June 30, 2024 and March 31, 2024, respectively 22,406 23,757
Prepaid expenses and other current assets, net of allowance of $1 and $1, as of June 30, 2024 and March 31, 2024, respectively 7,196 6,995
Total current assets 33,799 32,836
Property and equipment, net 3,552 3,579
Operating right-of-use assets 6,953 7,318
Deferred tax assets 3,203 1,933
Long-term investments, net of allowance of $113 and $126, as of June 30, 2024 and March 31, 2024, respectively 1,677 1,612
Other assets, net of allowance of $1 and $1, as of June 30, 2024 and March 31, 2024, respectively 2,584 2,129
Total assets 51,768 49,407
Current liabilities:    
Accounts payable 6,633 6,616
Accrued compensation and related benefits, current 2,163 3,119
Operating lease liabilities, current 1,953 2,080
Short-term borrowings 6,395 6,778
Forward purchase agreement put option liability 10,940 10,244
Other current liabilities 10,744 9,288
Total current liabilities 38,828 38,125
Long term debt 1,675 1,440
Operating lease liabilities, noncurrent 5,383 5,615
Derivative warrant liabilities 610 1,367
Deferred tax liabilities 118 92
Other liabilities 4,233 3,948
Total liabilities 50,847 50,587
Commitments and contingencies (Note 10)    
Redeemable noncontrolling interest 735 734
Shareholders’ equity (deficit)    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding
Net shareholders’ investment and additional paid-in capital 26,895
Accumulated other comprehensive loss (641) (574)
Accumulated deficit (26,489) (11,668)
Total Aeries Technology, Inc. shareholders’ deficit (231) (12,240)
Noncontrolling interest 417 10,326
Total shareholders’ equity (deficit) 186 (1,914)
Total liabilities, redeemable noncontrolling interest and shareholders’ equity (deficit) 51,768 49,407
Common Class A [Member]    
Shareholders’ equity (deficit)    
Common stock, value issued 4 2
Common Class V [Member]    
Shareholders’ equity (deficit)    
Common stock, value issued