IGC Pharma Inc
For the period ended Mar 31, 2024. Filed Jun 24, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jun 24, 2024
IGC$0.20-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Years Ended March 31, | ||||
|---|---|---|---|---|
| 2024 ($) | 2023 ($) | |||
| Cash flows from operating activities: | ||||
| Net loss | (13,000) | (11,506) | ||
| Adjustment to reconcile net loss to net cash: | ||||
| Depreciation and amortization | 637 | 657 | ||
| Provision for bad debt | 93 | 126 | ||
| Impairment of assets | 3,448 | - | ||
| Common stock-based compensation and expenses, net | 1,773 | 2,843 | ||
| Profit/Loss on sale of fixed assets, net | (44) | 39 | ||
| Changes in: | ||||
| Accounts receivables, net | (25) | 5 | ||
| Inventory | 1,008 | 897 | ||
| Deposits and advances | 150 | 591 | ||
| Claims and advances | 315 | (150) | ||
| Accounts payable | 243 | (451) | ||
| Accrued and other liabilities | 197 | (88) | ||
| Operating lease asset | 129 | 124 | ||
| Operating lease liability | (123) | (134) | ||
| Net cash used in operating activities | (5,199) | (7,047) | ||
| Cash flow from investing activities: | ||||
| Purchase of property, plant, and equipment | (138) | (310) | ||
| Sale of property, plant, and equipment | 44 | 538 | ||
| Proceeds from (Purchase of) short-term investments | 154 | (154) | ||
| Acquisition and development of intangible assets | (377) | (309) | ||
| Net cash used in investing activities | (317) | (235) | ||
| Cash flows from financing activities: | ||||
| Net proceeds from the issuance of common stock | 3,027 | 103 | ||
| Proceeds from common stock subscribed | 500 | - | ||
| Repayment of long-term loan | (3) | (3) | ||
| Net cash provided by financing activities | 3,524 | 100 | ||
| Effects of exchange rate changes on cash and cash equivalents | (6) | (82) | ||
| Net decrease in cash and cash equivalents | (1,998) | (7,264) | ||
| Cash and cash equivalents at the beginning of the period | 3,196 | 10,460 | ||
| Cash and cash equivalents at the end of the period | 1,198 | 3,196 | ||
| Supplementary information: | ||||
| Non-cash items: | ||||
| Common stock issued/granted for stock-based compensation, including patent acquisition | 1,773 | 2,843 | ||
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