outstanding shares: Mar 31, 2022 -
4,857,187; Sep 30, 2022 - 4,857,187
-------------------------------------------- --------------- ---------------
Additional paid-in capital 22,795 22,795
-------------------------------------------- --------------- ---------------
Treasury stock at cost: Mar 31, 2022 -
971,018; Sep 30, 2022 - 971,018 (3,082 (3,082
-------------------------------------------- --------------- ---------------
Accumulated deficit (7,083 (8,682
-------------------------------------------- --------------- ---------------
Accumulated other comprehensive income 2,696 751
-------------------------------------------- --------------- ---------------
-------------- --------------
-------------------------------------------- --------------- ---------------
15,343 11,799
-------------------------------------------- --------------- ---------------
--------------- ---------------
-------------------------------------------- --------------- ---------------
Total liabilities and stockholders' equity 23,750 19,819
-------------------------------------------- --------------- ---------------
Unaudited Consolidated Statements of Operations and Comprehensive Loss
(Expressed in United States Dollars)
Six months ended Six months ended
September 30, 2021 September 30, 2022
------------------------- ------------------------ -------------------------
$ in thousands $ in thousands
------------------------- ------------------------ -------------------------
(unaudited) (unaudited)
------------------------- ------------------------ -------------------------
Net revenue 6,006 5,373
------------------------- ------------------------ -------------------------
Cost of revenue (3,353) (4,103)
------------------------- ------------------------ -------------------------
-------------- --------------
------------------------- ------------------------ -------------------------
Gross profit 2,653 1,270
------------------------- ------------------------ -------------------------
Selling, general and
administrative expenses (4,736) (2,715)
------------------------- ------------------------ -------------------------
Other income, net 151 23
------------------------- ------------------------ -------------------------
-------------- --------------
------------------------- ------------------------ -------------------------
Loss from operations (1,932) (1,422)
------------------------- ------------------------ -------------------------
Non-operating expenses,
net (182) (177)
------------------------- ------------------------ -------------------------
-------------- --------------
------------------------- ------------------------ -------------------------
Loss before income taxes (2,114) (1,599)
------------------------- ------------------------ -------------------------
Income tax expense - -
------------------------- ------------------------ -------------------------
-------------- --------------
------------------------- ------------------------ -------------------------
Net loss (2,114) (1,599)
------------------------- ------------------------ -------------------------
Other comprehensive
income / (loss), net of
tax:
------------------------- ------------------------ -------------------------
Foreign currency
translation adjustments,
net of tax (285) (1,945)
------------------------- ------------------------ -------------------------
-------------- --------------
------------------------- ------------------------ -------------------------
Comprehensive loss (2,399) (3,544)
------------------------- ------------------------ -------------------------
Earnings / (loss) per
share
------------------------- ------------------------ -------------------------
Weighted average number
of shares outstanding 4,857,187 4,857,187
------------------------- ------------------------ -------------------------
Diluted weighted average
number of shares
outstanding 4,857,187 4,857,187
------------------------- ------------------------ -------------------------
Loss per common share (in
U.S.Dollars) (0.44) (0.33)
------------------------- ------------------------ -------------------------
Loss per common share (in
U.S.Dollars) - assuming
dilution (0.44) (0.33)
------------------------- ------------------------ -------------------------
For more information please contact:
Albert So
Chief Financial Officer and Secretary
Tel: 852 2605 5822
Fax: 852 2691 1724
(END) Dow Jones Newswires
March 30, 2023 20:35 ET (00:35 GMT)