$ADBT
Advasa Holdings, Inc.
CIK:0002084227|SEC Filings
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Cash flows from operating activities: | ||
| Net income | $ 3,654 | $ 3,596 |
| Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: | ||
| Noncash lease expenses | 5 | 5 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (7,586) | (4,872) |
| Prepaid expenses and other current assets | 840 | (263) |
| Income tax payable | 1,592 | 1,282 |
| Accounts payable and accrued expenses | (23) | (574) |
| Payable due to related party | ||
| Operating lease liabilities | (5) | (5) |
| Other current liabilities | (2,453) | (914) |
| Net cash used in operating activities | (3,976) | (1,745) |
| Cash flows from financing activities | ||
| Repayments of debt | (44) | (48) |
| Payment for deferred offering costs | (250) | |
| Repayment of convertible bonds | (6,269) | |
| Net cash used in financing activities | (6,563) | (48) |
| Effect of exchange rate change on cash and cash equivalents | (59) | 212 |
| Net change in cash and cash equivalents | (10,598) | (1,581) |
| Cash and cash equivalents at beginning of period | 12,104 | 5,178 |
| Cash and cash equivalents at end of period | 1,506 | 3,597 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | 13 | 39 |
| Cash paid for income taxes | $ 21 | $ 305 |
Consolidated Balance Sheets - USD ($) $ in Thousands |
Jun. 30, 2026 |
Mar. 31, 2026 |
||
|---|---|---|---|---|
| Current Assets: | ||||
| Cash and cash equivalents | $ 1,506 | $ 12,104 | ||
| Accounts receivable, net | 7,441 | |||
| Prepaid expenses and other current assets | 15,913 | 16,857 | ||
| Total Current Assets | 24,860 | 28,961 | ||
| Non-current Assets: | ||||
| Operating lease right-of-use assets, net | 5 | 10 | ||
| Intangible assets, net | 7 | 7 | ||
| Investments | 142 | 145 | ||
| Other assets | 6 | 6 | ||
| Total Assets | 25,020 | 29,129 | ||
| Current Liabilities: | ||||
| Accounts payable and accrued expenses | 147 | 173 | ||
| Payable due to related party | 554 | 566 | ||
| Income tax payable | 1,583 | 21 | ||
| Current portion of operating lease liabilities | 5 | 10 | ||
| Current portion of long-term debt | 171 | 175 | ||
| Convertible bonds | 6,285 | |||
| Other current liabilities | 91 | 2,916 | ||
| Total Current Liabilities | 2,551 | 10,146 | ||
| Non-current Liabilities: | ||||
| Non-current portion of operating lease liabilities | ||||
| Non-current portion of long-term debt | 414 | 466 | ||
| Total Liabilities | 2,965 | 10,612 | ||
| Equity: | ||||
| Preferred stock, $0.00001 par value – 500,000,000 shares authorized as of June 30, 2026 and March 31, 2026; No shares issued or outstanding as of June 30, 2026 and March 31, 2026. | ||||
| Common stock, $0.00001 par value – 5,000,000,000 shares authorized as of June 30, 2026 and March 31, 2026; 487,065,702 shares issued and outstanding as of June 30, 2026 and March 31, 2026 | [1] | 5 | 5 | |
| Additional paid-in capital | 31,729 | 31,729 | ||
| Accumulated deficit | (8,830) | (12,360) | ||
| Accumulated other comprehensive loss | (1,247) | (1,135) | ||
| Total Stockholders’ Equity | 21,657 | 18,239 | ||
| Noncontrolling interests | 398 | 278 | ||
| Total Equity | 22,055 | 18,517 | ||
| Total Liabilities & Equity | $ 25,020 | $ 29,129 | ||
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