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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