| Mar'20 | Mar'19 | |||||
|---|---|---|---|---|---|---|
Cash flows used in operating activities: | ||||||
Net income | ||||||
4,190 | 6,466 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
1,530 | 1,926 | |||||
Amortization of deferred charges | ||||||
19 | 19 | |||||
Share of income from joint ventures | ||||||
3,229 | 2,611 | |||||
Interest expense | ||||||
537 | 694 | |||||
Interest income | ||||||
383 | 136 | |||||
Interest paid on long-term debt | ||||||
538 | 662 | |||||
Gain on settlement agreement | ||||||
4,681 | - | |||||
Loss (gain) on disposal of assets | ||||||
-6 | 13,564 | |||||
Lease payments | ||||||
271 | 254 | |||||
Interest paid on finance leases | ||||||
1 | 3 | |||||
Share-based compensation | ||||||
529 | 1,296 | |||||
Deferred income taxes | ||||||
-468 | 4,823 | |||||
Changes in non-cash working capital items | ||||||
-2,225 | 3,540 | |||||
Net cash used in operating activities | ||||||
-535 | -5,546 | |||||
Cash flows used in investing activities: | ||||||
Purchases of property, plant and equipment, net of rebate | ||||||
259 | 167 | |||||
Advances to joint ventures | ||||||
- | 2,251 | |||||
Proceeds from sale of asset | ||||||
- | 60 | |||||
Investment in joint ventures | ||||||
6,063 | 7 | |||||
Net cash used in investing activities | ||||||
-6,322 | -2,365 | |||||
Cash flows from financing activities: | ||||||
Proceeds from borrowings | ||||||
2,000 | 3,000 | |||||
Repayments on borrowings | ||||||
875 | 837 | |||||
Proceeds from issuance of common stock | ||||||
7,957 | - | |||||
Issuance costs | ||||||
633 | - | |||||
Proceeds from exercise of stock options | ||||||
- | 34 | |||||
Payments on capital lease obligations | ||||||
21 | 18 | |||||
Net cash provided by financing activities | ||||||
8,428 | 2,179 | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-2 | - | |||||
Net increase (decrease) in cash and cash equivalents | ||||||
1,569 | -5,732 | |||||