Common Stock 
                   --------------------- 
                                                                           Accumulated 
                                           Additional                         Other          Total 
                                             Paid-In      Accumulated     Comprehensive     Equity 
                     Shares      Amount      Capital        Deficit       Income (Loss)    (Deficit) 
                   -----------  --------  ------------   -------------   ---------------   --------- 
Balance, March 31, 
 2024               34,544,935   $     3   $     2,613    $    (35,212)    $          50   $ (32,546) 
Net loss                    --        --            --          (4,272)               --      (4,272) 
Out of period 
 adjustment 
 related to 
 reverse 
 recapitalization 
 (Note 2)                   --        --           710              --                --         710 
Other 
 comprehensive 
 loss, net of tax           --        --            --              --            (2,224)     (2,224) 
Stock Compensation     316,902        --           450              --                --         450 
                    ----------      ----      --------       ---------   ---  ----------    -------- 
Balance, December 
 31, 2024           34,861,837   $     3   $     3,773    $    (39,484)    $      (2,174)  $ (37,882) 
                    ==========      ====      ========       =========   ===  ==========    ======== 
 
                                                                           Accumulated 
                                           Additional                         Other          Total 
                                             Paid-In      Accumulated     Comprehensive     Equity 
                    Shares(1)    Amount      Capital        Deficit       Income (Loss)    (Deficit) 
                   -----------  --------  ------------   -------------   ---------------   --------- 
Balance, March 31, 
 2023               25,000,000   $     2   $    (1,898)   $    (26,769)    $        (289)  $ (28,954) 
Net loss                    --        --            --          (2,428)               --      (2,428) 
Other 
 comprehensive 
 loss, net of tax           --        --            --              --              (188)       (188) 
Balance, December 
 31, 2023           25,000,000   $     2   $    (1,898)   $    (29,197)    $        (477)  $ (31,570) 
                    ==========      ====      ========       =========   ===  ==========    ======== 
 
 

(1) All outstanding share and per-share amounts have been restated to reflect the reverse recapitalization as established in the Business Combination Agreement as described in Note 1 to the condensed consolidated financial statements.

 
                           DIH HOLDING US, INC. 
                   CONSOLIDATED STATEMENTS OF CASH FLOWS 
                         (in thousands, unaudited) 
                             For the Nine Months Ended December 31, 
                         ---------------------------------------------- 
                                 2024                      2023 
                         ---------------------      ------------------- 
Cash flows from 
operating activities: 
Net loss                   $            (4,272)      $           (2,428) 
Adjustments to 
reconcile net loss to 
net cash provided by 
operating activities: 
   Depreciation and 
    amortization                           611                      230 
   Provision for credit 
    losses                                (427)                    (815) 
   Allowance for 
    inventory 
    obsolescence                           (67)                     705 
   Stock compensation                      450                       -- 
   Pension 
    contributions                         (475)                    (456) 
   Pension expense                         238                      201 
   Change in fair 
   value of 
   convertible debt 
   and warrant 
   liability                             1,193                       -- 
   Foreign exchange 
    (gain) loss                           (241)                     181 
   Noncash lease 
    expense                              1,263                    1,165 
   Noncash interest 
    expense                                 --                       19 
   Deferred and other 
    noncash income tax 
    (income) expense                       257                     (237) 
Changes in operating 
assets and 
liabilities: 
   Accounts receivable                   1,762                    1,298 
   Inventories                            (106)                  (2,186) 
   Due from related 
    parties                             (1,079)                    (294) 
   Due to related 
    parties                                100                    1,910 
   Other assets                            114                   (2,540) 
   Operating lease 
    liabilities                         (1,275)                  (1,352) 
   Accounts payable                       (336)                   1,484 
   Employee 
    compensation                         1,276                     (603) 
   Other liabilities                       157                      205 
   Deferred revenue                      1,819                      807 
   Manufacturing 
    warranty 
    obligation                              75                      189 
   Advance payments 
    from customers                      (1,036)                   4,992 
   Accrued expense and 
    other current 
    liabilities                           (849)                     702 
                         ---  ----------------          --------------- 
Net cash provided by 
 (used in) operating 
 activities                               (848)                   3,177 
                         ---  ----------------          --------------- 
Cash flows from 
investing activities: 
   Purchases of 
    property and 
    equipment                             (444)                    (135) 
                         ---  ----------------          --------------- 
Net cash used in 
 investing activities                     (444)                    (135) 
                         ---  ----------------          --------------- 
Cash flows from 
financing activities: 
   Proceeds from 
   issuance of 
   convertible debt, 
   net of issuance 
   costs                                 2,809                       -- 
   Payment on 
    convertible debt                      (471)                      -- 
   Payments on related 
    party notes 
    payable                             (3,156)                  (4,543) 
                         ---  ----------------          --------------- 
Net cash used in 
 financing activities                     (818)                  (4,543) 
                         ---  ----------------          --------------- 
Effect of currency 
 translation on cash 
 and cash equivalents                        5                        5 
                         ---  ----------------          --------------- 
Net decrease in cash, 
 and cash equivalents, 
 and restricted cash                    (2,105)                  (1,496) 
Cash, cash equivalents 
 and restricted cash - 
 beginning of period                     3,225                    3,175 
                         ---  ----------------          --------------- 
Cash, cash equivalents 
 and restricted cash- 
 end of period             $             1,120       $            1,679 
                         ===  ================          =============== 
 
Supplemental 
disclosure of cash 
flow information: 
     Interest paid         $               218       $              442 
     Income tax paid       $                15       $               -- 
Supplemental 
disclosure of non-cash 
investing and 
financing activity: 
     Accounts payable 
      settled upon 
      reverse 
      recapitalization     $               710       $ 

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February 14, 2025 17:07 ET (22:07 GMT)