0000950170-24-083628 | 10-K | XBRL Viewer

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Schedule of Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating cash flows included in the measurement of lease liabilities	$ (1,786)	$ (1,659)
Non-cash lease activity related to right-of-use assets obtained in exchange for new operating lease liabilities	406	128
Other non-cash changes to ROU assets due to reassessment of the lease term	$ 2,946

Business and Organization	12 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Organization	Business and Organization Description of Business DIH Holding US, Inc. and its consolidated subsidiaries (the “Company” or “DIH”) (formerly known as Aurora Technology Acquisition Corp. a Cayman Island exempted company which migrated and domesticated as a Delaware corporation, “ATAK”) , is a global solution provider in blending innovative robotic and virtual reality (“VR”) technologies with clinical integration and insights. Built through the mergers of global-leading niche technologies, DIH is positioning itself as a transformative total smart solutions provider and consolidator in a largely fragmented and manual-labor-driven industry. The Company’s fiscal year ends on March 31. Merger / Business Combination with Aurora Tech Acquisition Corp. On February 7, 2024 (the "Closing Date"), ATAK, Aurora Technology Merger Sub (“Merger Sub”) and DIH Holding US, Inc., a Nevada corporation (“Legacy DIH” or "DIH Nevada") consummated a previously announced business combination pursuant to a business agreement dated as of February 26, 2023 (as amended, supplemented or otherwise modified from time to time, the “Business Combination Agreement,” and the transactions contemplated thereby, the “Business Combination”) following the receipt of the required approval by ATAK’s and DIH (Nevada)’s shareholders and the fulfillment or waiver of other customary closing conditions. Upon closing of the Business Combination, Legacy DIH received cash held in trust account of $899. Legacy DIH historically existed and functioned as part of the business of DIH Technology Ltd. (“DIH Cayman”). At Closing of the Business Combination, the Company owns 100% of DIH US Corp, which in turn owns the commercial entities. Additionally, the Company owns 100% ownership of Hocoma Medical GmbH, which contains the net assets transferred from Hocoma AG. Whereas, Hocoma AG and Motekforce Link BV and its subsidiaries ("Motek Group") that remained with the DIH Cayman were excluded as discussed in Note 13 to the Consolidated Financial Statements. The Company agreed to use its best efforts to complete the reorganization as defined in the Business Combination Agreement as soon as possible thereafter. The reorganization has not been completed as of the date the financial statements were issued. In connection with the Closing of the Business Combination, (a) ATAK migrated and changed its domestication to become a Delaware corporation and changed its name to “DIH Holding US, Inc.” (b) each issued and outstanding ATAK Class A Ordinary Share was converted, on a one-for-one basis, into one share of DIH Class A Common Stock; (c) each issued and outstanding Class B Ordinary Share was converted, on a one-for-one basis, into one share of Domesticated Class B Common Stock; (d) each issued and outstanding ATAK Public Warrant, ATAK Private Warrant and ATAK Right was converted, on a one-for-one basis, into a DIH Public Warrant, DIH Private Warrant and DIH Right, respectively; and (e) the governing documents of ATAK were replaced by governing documents for the Delaware corporation. The Amended and Restated Certificate of Incorporation authorizes one class of common stock as Class A Common Stock ("Common Stock"). On the Closing date, (a) Stockholders of Legacy DIH received $250,000,000 in aggregate consideration (the “Aggregate Base Consideration”) in the form of newly-issued shares of DIH Common Stock, calculated based on a price of $10.00 per share; (b) DIH’s financial advisor received 700,000 shares of DIH Common Stock valued at the closing price of $5.02 as payment for the financial advisory fee due to it; (c) the 20,200,000 outstanding DIH Rights were converted into 2,020,000 shares of DIH Common Stock; (d) each outstanding share of DIH Class B Common Stock was converted into a share of DIH Common Stock. (e) in connection with the closing of the Business combination, additional 532,796 shares were issued to various ATAK service providers, including ATAK's underwriter, for services rendered in related to the transaction. The shares were issued as partial payments to those providers, whereas certain service providers forewent all or partial receipt of Common Stock. In addition to the Aggregate Base Consideration, Legacy DIH stockholders as of the effective date of the merger may be entitled to receive up to 6,000,000 Earnout Shares, as additional consideration upon satisfaction of the following milestones, during the period beginning on the Closing Date and expiring on the fifth anniversary of the closing date (the “Earnout Period”): • 1,000,000 Earnout Shares if the volume-weighted average price (“VWAP”) of DIH Common Stock is equal to or exceeds $12.00 for any 20 trading days during the Earnout Period; • 1,333,333 Earnout Shares if the VWAP of DIH Common Stock is equal to or exceeds $13.50 for any 20 trading days during the Earnout Period; • 1,666,667 Earnout Shares if the VWAP of DIH Common Stock is equal to or exceeds $15.00 for any 20 trading days during the Earnout Period; and • 2,000,000 Earnout Shares if the VWAP of DIH Common Stock is equal to or exceeds $16.50 for any 20 trading days during the Earnout Period. The Earnout Founder Shares are accounted for as equity-classified equity instruments and recorded in additional paid-in capital as part of the Business Combination. On February 8, 2024, the Company entered into a subscription agreement with OrbiMed, an existing shareholder of DIH Cayman. Pursuant to the agreement, the Company will issue 150,000 shares of Common Stock at a purchase price of $10.00 per share for aggregate purchase price of $1.5 million together with warrants to purchase an additional 300,000 shares of DIH Common Stock with an exercise price of $10.00. The transaction is not closed as of the date the financial statements were issued. The Business Combination was accounted for as a reverse recapitalization, in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Under this method of accounting, ATAK was treated as the acquired company and Legacy DIH was treated as the acquirer for financial reporting purposes. The net assets of ATAK were stated at carrying value, with no goodwill or other intangible assets recorded. The consolidated and combined assets, liabilities and results of operations prior to the Business Combination are those of Legacy DIH and the assets, liabilities and results of operations of ATAK were consolidated with Legacy DIH beginning on the Closing Date. The shares and net loss per common share prior to the Business Combination have been retrospectively restated as shares reflecting the 25.0 million shares issued to the Legacy DIH shareholders pursuant to the Business Combination Agreement. Legacy DIH was determined to be the accounting acquirer based on evaluation of the following facts and circumstance: • Legacy DIH’s existing stockholders have the largest voting interest in the Company; • Legacy DIH’s executive management makes up the management of the Company; • Legacy DIH nominated a majority of the initial members of the Company's board of Directors; • the post-combination company assumed the name “DIH Holding US, Inc.”; and • Legacy DIH is the larger entity based on historical operating activity and employee base. Liquidity and Capital Resources As of March 31, 2024, the Company had $3,225 in cash and cash equivalents. The Company’s sources of liquidity have been predominantly from proceeds received from product sales and services provided. The Company’s sources of liquidity have enabled the Company to expand the installation base and grow its market share. The Company’s net losses began in 2020 and continued through the twelve months ended March 31, 2024. The Company’s historical operating losses resulted in an accumulated deficit of $35.2 million as of March 31, 2024. Operating losses were mainly driven by decreased sales during the COVID-19 pandemic due to social distancing measures that affected demand for rehabilitation services, increased expenditures in connection with its implementation of a new financial system (Oracle) and increased compliance costs associated with the European Union Medical Device Regulation (EU MDR). Additionally, DIH had elevated costs related to efforts of adopting to public company standards. During the year ended March 31, 2024, the Company had positive cash flows from operating activities and negative operating results. The Company continues to take steps to streamline its organization and cost structure as well as improve future revenue growth. The Company’s gross revenue has increased by 19.3%, from $54,059 to $64,473, for the year ended March 31, 2023 and 2024, respectively. The Company plans to continue to fund its growth through cash flows from operations and future debt and equity financing. The Company believes that its current cash and cash equivalents, together with cash provided by operating activities will provide adequate liquidity through one year from the date that these consolidated financial statements are issued. The Company has three notes payable to a related party which are included in "Notes payable - related party". Each note is due on June 30, 2026 with an interest rate of 1.25% as further discussed in Note 13 to the Consolidated Financial Statements. The Company has made periodic payments on the principal and interests on the notes payable historically. The Company’s future liquidity needs may vary materially from those currently planned and will depend on many factors, including the more aggressive and expansive growth plan, or for any unforeseen reductions in demand.

Business and Organization

12 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Business and Organization

Description of Business

DIH Holding US, Inc. and its consolidated subsidiaries (the “Company” or “DIH”) (formerly known as Aurora Technology Acquisition Corp. a Cayman Island exempted company which migrated and domesticated as a Delaware corporation, “ATAK”) , is a global solution provider in blending innovative robotic and virtual reality (“VR”) technologies with clinical integration and insights. Built through the mergers of global-leading niche technologies, DIH is positioning itself as a transformative total smart solutions provider and consolidator in a largely fragmented and manual-labor-driven industry. The Company’s fiscal year ends on March 31.

Merger / Business Combination with Aurora Tech Acquisition Corp.

On February 7, 2024 (the "Closing Date"), ATAK, Aurora Technology Merger Sub (“Merger Sub”) and DIH Holding US, Inc., a Nevada corporation (“Legacy DIH” or "DIH Nevada") consummated a previously announced business combination pursuant to a business agreement dated as of February 26, 2023 (as amended, supplemented or otherwise modified from time to time, the “Business Combination Agreement,” and the transactions contemplated thereby, the “Business Combination”) following the receipt of the required approval by ATAK’s and DIH (Nevada)’s shareholders and the fulfillment or waiver of other customary closing conditions. Upon closing of the Business Combination, Legacy DIH received cash held in trust account of $899. Legacy DIH historically existed and functioned as part of the business of DIH Technology Ltd. (“DIH Cayman”). At Closing of the Business Combination, the Company owns 100% of DIH US Corp, which in turn owns the commercial entities. Additionally, the Company owns 100% ownership of Hocoma Medical GmbH, which contains the net assets transferred from Hocoma AG. Whereas, Hocoma AG and Motekforce Link BV and its subsidiaries ("Motek Group") that remained with the DIH Cayman were excluded as discussed in Note 13 to the Consolidated Financial Statements. The Company agreed to use its best efforts to complete the reorganization as defined in the Business Combination Agreement as soon as possible thereafter. The reorganization has not been completed as of the date the financial statements were issued.

In connection with the Closing of the Business Combination, (a) ATAK migrated and changed its domestication to become a Delaware corporation and changed its name to “DIH Holding US, Inc.” (b) each issued and outstanding ATAK Class A Ordinary Share was converted, on a one-for-one basis, into one share of DIH Class A Common Stock; (c) each issued and outstanding Class B Ordinary Share was converted, on a one-for-one basis, into one share of Domesticated Class B Common Stock; (d) each issued and outstanding ATAK Public Warrant, ATAK Private Warrant and ATAK Right was converted, on a one-for-one basis, into a DIH Public Warrant, DIH Private Warrant and DIH Right, respectively; and (e) the governing documents of ATAK were replaced by governing documents for the Delaware corporation. The Amended and Restated Certificate of Incorporation authorizes one class of common stock as Class A Common Stock ("Common Stock").

On the Closing date, (a) Stockholders of Legacy DIH received $250,000,000 in aggregate consideration (the “Aggregate Base Consideration”) in the form of newly-issued shares of DIH Common Stock, calculated based on a price of $10.00 per share; (b) DIH’s financial advisor received 700,000 shares of DIH Common Stock valued at the closing price of $5.02 as payment for the financial advisory fee due to it; (c) the 20,200,000 outstanding DIH Rights were converted into 2,020,000 shares of DIH Common Stock; (d) each outstanding share of DIH Class B Common Stock was converted into a share of DIH Common Stock. (e) in connection with the closing of the Business combination, additional 532,796 shares were issued to various ATAK service providers, including ATAK's underwriter, for services rendered in related to the transaction. The shares were issued as partial payments to those providers, whereas certain service providers forewent all or partial receipt of Common Stock.

In addition to the Aggregate Base Consideration, Legacy DIH stockholders as of the effective date of the merger may be entitled to receive up to 6,000,000 Earnout Shares, as additional consideration upon satisfaction of the following milestones, during the period beginning on the Closing Date and expiring on the fifth anniversary of the closing date (the “Earnout Period”):

•

1,000,000 Earnout Shares if the volume-weighted average price (“VWAP”) of DIH Common Stock is equal to or exceeds $12.00 for any 20 trading days during the Earnout Period;

•

1,333,333 Earnout Shares if the VWAP of DIH Common Stock is equal to or exceeds $13.50 for any 20 trading days during the Earnout Period;

•

1,666,667 Earnout Shares if the VWAP of DIH Common Stock is equal to or exceeds $15.00 for any 20 trading days during the Earnout Period; and

•

2,000,000 Earnout Shares if the VWAP of DIH Common Stock is equal to or exceeds $16.50 for any 20 trading days during the Earnout Period.

The Earnout Founder Shares are accounted for as equity-classified equity instruments and recorded in additional paid-in capital as part of the Business Combination.

On February 8, 2024, the Company entered into a subscription agreement with OrbiMed, an existing shareholder of DIH Cayman. Pursuant to the agreement, the Company will issue 150,000 shares of Common Stock at a purchase price of $10.00 per share for aggregate purchase price of $1.5 million together with warrants to purchase an additional 300,000 shares of DIH Common Stock with an exercise price of $10.00. The transaction is not closed as of the date the financial statements were issued.

The Business Combination was accounted for as a reverse recapitalization, in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Under this method of accounting, ATAK was treated as the acquired company and Legacy DIH was treated as the acquirer for financial reporting purposes. The net assets of ATAK were stated at carrying value, with no goodwill or other intangible assets recorded. The consolidated and combined assets, liabilities and results of operations prior to the Business Combination are those of Legacy DIH and the assets, liabilities and results of operations of ATAK were consolidated with Legacy DIH beginning on the Closing Date. The shares and net loss per common share prior to the Business Combination have been retrospectively restated as shares reflecting the 25.0 million shares issued to the Legacy DIH shareholders pursuant to the Business Combination Agreement. Legacy DIH was determined to be the accounting acquirer based on evaluation of the following facts and circumstance:

•

Legacy DIH’s existing stockholders have the largest voting interest in the Company;

•

Legacy DIH’s executive management makes up the management of the Company;

•

Legacy DIH nominated a majority of the initial members of the Company's board of Directors;

•

the post-combination company assumed the name “DIH Holding US, Inc.”; and

•

Legacy DIH is the larger entity based on historical operating activity and employee base.

Liquidity and Capital Resources

As of March 31, 2024, the Company had $3,225 in cash and cash equivalents. The Company’s sources of liquidity have been predominantly from proceeds received from product sales and services provided. The Company’s sources of liquidity have enabled the Company to expand the installation base and grow its market share.

The Company’s net losses began in 2020 and continued through the twelve months ended March 31, 2024. The Company’s historical operating losses resulted in an accumulated deficit of $35.2 million as of March 31, 2024. Operating losses were mainly driven by decreased sales during the COVID-19 pandemic due to social distancing measures that affected demand for rehabilitation services, increased expenditures in connection with its implementation of a new financial system (Oracle) and increased compliance costs associated with the European Union Medical Device Regulation (EU MDR). Additionally, DIH had elevated costs related to efforts of adopting to public company standards. During the year ended March 31, 2024, the Company had positive cash flows from operating activities and negative operating results. The Company continues to take steps to streamline its organization and cost structure as well as improve future revenue growth.

The Company’s gross revenue has increased by 19.3%, from $54,059 to $64,473, for the year ended March 31, 2023 and 2024, respectively. The Company plans to continue to fund its growth through cash flows from operations and future debt and equity financing. The Company believes that its current cash and cash equivalents, together with cash provided by operating activities will provide adequate liquidity through one year from the date that these consolidated financial statements are issued.

The Company has three notes payable to a related party which are included in "Notes payable - related party". Each note is due on June 30, 2026 with an interest rate of 1.25% as further discussed in Note 13 to the Consolidated Financial Statements. The Company has made periodic payments on the principal and interests on the notes payable historically.

The Company’s future liquidity needs may vary materially from those currently planned and will depend on many factors, including the more aggressive and expansive growth plan, or for any unforeseen reductions in demand.

Income Taxes - Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Uncertainties [Abstract]
Unrecognized Tax Liability - beginning balance
Net Increases - tax positions in current year
Net Increases - tax positions in prior year	3,499
Unrecognized Tax Liability - ending balance	$ 3,499

Leases

12 Months Ended

Mar. 31, 2024

Leases [Abstract]

Leases

17.

Leases

The Company leases office space (real estate), vehicles and office equipment under operating leases. The Company did not have any finance leases as of March 31, 2024 and 2023.

Right-of-use lease assets and lease liabilities that are reported in the Company’s consolidated balance sheet as of March 31, 2024 and 2023 are as follows:


	As of March 31,
	2024		2023
Operating lease, right-of-use assets, net	$	4,466	$	2,604

Current portion of long-term operating lease		1,572		1,005
Long-term operating lease		2,917		1,621
Total operating lease liabilities	$	4,489	$	2,626

Lease expense for lease payments is recognized on a straight-line basis over the lease term. The expense is presented within Selling, general, and administrative expense. The components of lease expense related to the Company’s lease for the years ended March 31, 2024 and 2023 were:


	Years Ended March 31,
	2024		2023
Fixed operating lease costs	$	1,766	$	1,604
Short-term lease costs		13		—
Total lease cost	$	1,779	$	1,604

Supplemental cash flow information related to leases was as follows:


	Years Ended March 31,
	2024			2023
Operating cash flows included in the measurement of lease liabilities	$	(1,786	)	$	(1,659	)
Non-cash lease activity related to right-of-use assets obtained in exchange for new operating lease liabilities		406			128
Other non-cash changes to ROU assets due to reassessment of the lease term		2,946		—

The weighted average remaining lease term and discount rate for the Company’s operating leases as of March 31, 2024 and 2023 were:


	2024			2023
Weighted-average remaining lease term (in years)		2.63			2.77
Weighted-average discount rate		4.00	%		4.00	%

Lease duration was determined utilizing renewal options that the Company is reasonably certain to execute.

As of March 31, 2024, maturities of operating lease liabilities for each of the following five years ending March 31 and a total thereafter were as follows:


	Operating Leases
2025	$	1,717
2026		1,181
2027		899
2028		893
2029		111
Thereafter		—
Total lease payments		4,801
Less: imputed interest		(312	)
Total lease liability	$	4,489

Summary of Other Non-Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Other Liabilities Disclosure [Abstract]
Provisions	$ 1,977	$ 1,576
Pension liabilities	2,194	1,071
Total other non-current liabilities	$ 4,171	$ 2,647

Schedule of Amounts Recognized in Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]
Current liabilities
Non-current liabilities	2,194	1,576
Total recognized in the combined balance sheet	$ 2,194	$ 1,576

Related Party Transactions (Tables)

12 Months Ended

Mar. 31, 2024

DIH Cayman and DIH Hong Kong [Member]

The table below summarizes related party balances with DIH Hong Kong excluding Hocoma AG and Motek as of March 31, 2024 and 2023


	As of March 31,
	2024		2023
Due from related party	$	2,586	$	2,456
Due to related party	$	1,470	$	1,311

Mokek Group [Member]

As part of these transactions, the Company made advance payments to Motek, included in "Due from related party," and also had trade payables, included in "Due to related party." The balances as of March 31, 2024 and 2023 are as follows:


	As of March 31,
	2024		2023
Due from related party	$	3,367	$	1,934
Due to related party	$	8,667	$	5,530

Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Payables and Accruals [Abstract]
Taxes payable	$ 2,554	$ 2,114
Other payables and current liabilities	7,381	6,517
Total accrued expenses and other current liabilities	$ 9,935	$ 8,631

Summary of Significant Accounting Policies (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Oct. 31, 2022	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Feb. 07, 2024
Product Information [Line Items]
Foreign exchange (gain) loss			$ (376)	$ 584
Lessor, Operating Lease, Description			The Company has elected several practical expedients permitted under ASC 842. The Company has elected not to recognize right-of-use assets and liability for leases with a term of 12 months or less unless the lease includes an option to renew or purchase the underlying asset that are reasonably certain to be exercised.
DIH Nevada [Member]
Product Information [Line Items]
Shares issued					25,000,000
Safe Gait Acquisition [Member]
Product Information [Line Items]
Total cost of asset acquisition	$ 800
Amount paid upon acquisition	$ 100	$ 200
Asset acquisition contingent consideration liability			$ 500
DIH Hong Kong [Member]
Product Information [Line Items]
Percentage of Interest own by wholly owned subsidiaries			100.00%
Software [Member]
Product Information [Line Items]
Estimated useful life			5 years
Revenues [Member] \| Major Customers [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percent			10.00%
Trade And Accounts Receivable [Member] \| Major Customers [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percent			10.00%
Trade And Accounts Receivable [Member] \| One Customers [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percent				13.90%
Trade And Accounts Receivable [Member] \| No Customers [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percent			10.00%
Accounts Receivable [Member] \| One Customers [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percent				12.00%
Accounts Receivable [Member] \| No Customers [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percent			10.00%
Common Class A [Member] \| Public Warrants [Member]
Product Information [Line Items]
Class of warrant or right, number of securities called by each warrant or right			1
Number of warrants or rights converted into shares			2
Class of warrant or right, exercise price of warrants or rights			$ 11.5
Common Class A [Member] \| Private Placement Warrant [Member]
Product Information [Line Items]
Class of warrant or right, number of securities called by each warrant or right			1
Number of warrants or rights converted into shares			2
Class of warrant or right, exercise price of warrants or rights			$ 11.5
IPO [Member] \| Public Warrants [Member]
Product Information [Line Items]
Class of warrants or rights warrants issued during the period units			20,200,000
IPO [Member] \| Private Placement Warrant [Member]
Product Information [Line Items]
Class of warrants or rights warrants issued during the period units			6,470,000

Net Loss Per Share (Details Narrative) - shares	Mar. 31, 2024	Feb. 07, 2024	Mar. 31, 2023
Common stock, shares, issued	34,544,935		25,000,000
Common stock shares outstanding	34,544,935		25,000,000
Legacy DIH [Member]
Shares issued		25,000,000

Employee Benefit Plans

12 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Employee Benefit Plans

14.

Employee Benefit Plans

Defined Contribution Plans

The Company sponsors a defined contribution plan in the United States. The Company’s obligation is limited to its contributions made in accordance with each plan document. Employer contributions to defined contribution plans are recognized as expense. Expenses related to the Company’s plans for the years ended March 31, 2024 and 2023 were $119 and $105, respectively.

Defined Benefit Plans

The Company has a Swiss defined benefit plans (the “Pension Plan”) covering substantially all the employees of Hocoma Medical GmbH in Switzerland. The Pension Plan exceed the minimum benefit requirements under Swiss pension law. The Swiss plans offer retirement, disability and survivor benefits and is governed by a Pension Foundation Board. The responsibilities of this board are defined by Swiss pension law and the plan rules.

The plans offer to members at the normal retirement age of 65 a choice between a lifetime pension and a partial or full lump sum payment. Participants can choose to draw early retirement benefits starting from the age of 58 but can also continue employment and remain active members of the plan until the age of 70. Employees can make additional purchases of benefits to fund early retirement benefits. The pension amount payable to a participant is calculated by applying a conversion rate to the accumulated balance of the participant’s retirement savings account at the retirement date. The balance is based on credited vested benefits transferred from previous employers, purchases of benefits, and the employee and employer contributions that have been made to the participant’s retirement savings account, as well as the interest accrued. The annual interest rate credited to participants is determined by the Pension Foundation Board at the end of each year.

Although the Swiss plans are based on a defined contribution promise under Swiss pension law, it is accounted for as a defined benefit plan under GAAP, primarily because of the obligation to accrue interest on the participants’ retirement savings accounts and the payment of lifetime pension benefits.

An actuarial valuation in accordance with Swiss pension law is performed regularly. Should an underfunded situation on this basis occur, the Pension Foundation Board is required to take the necessary measures to ensure that full funding can be expected to be restored within a maximum period of 10 years. If a Swiss plan were to become significantly underfunded on a Swiss pension law basis, additional employer and employee contributions could be required.

The investment strategy of the Swiss plan complies with Swiss pension law, including the rules and regulations relating to diversification of plan assets, and is derived from the risk budget defined by the Pension Foundation Board on the basis of regularly performed asset and liability management analyses. The Pension Foundation Board strives for a medium- and long-term balance between assets and liabilities.

Amounts recognized in the consolidated statements of operations for the years ended March 31, 2024 and 2023, in respect of the Pension Plan were as follows:


	Years Ended March 31,
	2024			2023
Current service cost	$	655		$	678
Interest cost		213			129
Expected return on plan assets		(296	)		(194	)
Actuarial loss / (gain) recognized		(161	)		(179	)
Actuarial loss / (gain) recognized because of settlement		(341	)		(699	)
Amortization of prior service credit		(145	)		(135	)
Net charge to statement of operations	$	(75	)	$	(400	)

Details of the employee defined benefits obligations and plan assets in respect of the Pension Plan are as follows:


	Years Ended March 31,
	2024			2023
Change in present value of defined benefit obligation:
Defined benefit obligation at the beginning of the year	$	9,337		$	9,500
Interest on defined obligation	213			129
Current service cost	655			678
Contributions by plan participants	444			476
Translation (gain) loss		534			(20	)
Benefits paid		(289	)		(1,095	)
Actuarial loss arising on projected benefit obligation		118			(331	)
Defined benefit obligation at the end of the year	$	11,012		$	9,337
Change in plan assets:
Fair value of plan assets at the beginning of the year	$	7,761		$	7,353
Actual return on plan assets		(68	)		457
Contributions by the employer	530			569
Contributions by plan participants	444			476
Benefits paid		(289	)		(1,095	)
Translation loss		440			1
Fair value of plan assets - at the end of the year	$	8,818		$	7,761
Funded status at end of the year	$	(2,194	)	$	(1,576	)

Amounts relating to these defined benefit plans with accumulated benefit obligations in excess of plan assets were as follows:


	As of March 31,
	2024		2023
Accumulated benefit obligation	$	10,686	$	9,049
Fair value of plan assets	$	8,818	$	7,761

Amounts recognized in the Company’s consolidated balance sheet related to the present value of defined benefit obligations consist of the following:


	As of March 31,
	2024		2023
Current liabilities		—		—
Non-current liabilities		2,194		1,576
Total recognized in the consolidated balance sheet	$	2,194	$	1,576

Amounts recorded in accumulated other comprehensive income (loss) in respect of the pension plan consist of the following:


	Years Ended March 31,
	2024		2023
Net gain (loss)	$	1,633	$	2,610
Prior service (cost) credit	837		976
Total recorded in accumulated other comprehensive income	$	2,470	$	3,586

Amortization of prior service (cost) credit is recorded in selling, general and administrative in the consolidated statements of operations.

The principal assumptions used for the purpose of actuarial valuation of the pension plan are as follows:


	As of March 31,
	2024			2023
Discount rate		1.50	%		2.10	%
Expected return on plan assets		3.50	%		3.50	%
Expected rate of salary increase		1.00	%		1.00	%

The actuarial assumptions used for the defined benefit plans are based on the economic conditions prevailing in the jurisdiction in which they are offered. Changes in the defined benefit obligation are most sensitive to changes in the discount rate. The discount rate is based on the yield of high-quality corporate bonds quoted in an active market in the currency of the respective plan. A decrease in the discount rate increases the defined benefit obligation. The Company regularly reviews the actuarial assumptions used in calculating the defined benefit obligation to determine their continuing relevance.

Investment Policy

It is the objective of the plan sponsor to maintain an adequate level of diversification to balance market risk, to prudently invest to preserve capital and to provide sufficient liquidity while maximizing earnings for near-term payments of benefits accrued under the plan and to pay plan administrative expenses. The assumption used for the expected long-term rate of return on plan assets is based on the long-term expected returns for the investment mix of assets currently in the portfolio. Historical return trends for the various asset classes in the class portfolio are combined with current and anticipated future market conditions to estimate the rate of return for each class. These rates are then adjusted for anticipated future inflation to determine estimated nominal rates of return for each class.

The table below represents the Company's pension plan’ weighted-average asset allocation as of March 31, 2024 and 2023 by asset category:


	As of March 31,
	2024			2023
Equity securities		36.58	%		33.99	%
Debt securities		28.16	%		26.43	%
Other, primarily cash and cash equivalents, senior loans and mutual funds		35.26	%		39.58	%

The table below presents the target allocation for each major asset category for the Company's pension plan for the years ended March 31, 2024 and 2023:


	Years Ended March 31,
	2024			2023
Equity securities		34.00	%		34.00	%
Debt securities		28.50	%		28.00	%
Other, primarily cash and cash equivalents, senior loans and mutual funds		37.50	%		38.00	%

The following tables provides the fair value of plan assets held by the Company’s pension plan by asset category and by fair value hierarchy level:


	As of March 31, 2024
	Level 1		Level 2		Level 3			Total
Cash and cash equivalents	$	106	$	—		$	—		$	106
Equity securities		3,316		—			—			3,316
Debt securities		2,310		—			—			2,310
Real estate		—		1,851			—			1,851
Non-traditional assets		—		1,235			—			1,235
Total	$	5,732	$	3,086		$	—		$	8,818


	As of March 31, 2023
	Level 1		Level 2		Level 3			Total
Cash and cash equivalents	$	186		—	$		—			186
Equity securities		2,763		—			—			2,763
Debt securities		1,987		—			—			1,987
Real estate		—		1,855			—			1,855
Non-traditional assets		—		970			—			970
Total	$	4,936	$	2,825		$	—		$	7,761

For the year ending March 31, 2025, the Company expects to contribute $652 to its pension plan.

The following table presents expected pension plan payments over the next 10 years:


	Amount
Year Ending March 31,
2025	$	43
2026		252
2027		81
2028		88
2029		95
2030-2034		1,059

Schedule of Principal Assumptions Used for the Purpose of Actuarial Valuation (Details)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	1.50%	2.10%
Expected return on plan assets	3.50%	3.50%
Expected rate of salary increase	1.00%	1.00%

Property and Equipment, Net (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 302	$ 66

Property and Equipment, Net

12 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and equipment, net as of March 31, 2024 and 2023 consisted of the following:


	As of March 31,
	2024			2023
Computer software and hardware	$	849		$	802
Machinery and equipment		807			661
Leasehold improvements		1,357			1,249
Furniture and fixtures		871			818
Vehicles		70			55
Demonstration units		222			466
Property and equipment		4,176			4,051
Less: accumulated depreciation		(3,646	)		(3,309	)
Property and equipment, net	$	530		$	742

Depreciation expense totaled $302 and $66 for the years ended March 31, 2024 and 2023, respectively.

Net Loss Per Share (Tables)

12 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Loss Per Share

Computation of basic and diluted net loss per share for the years ended March 31, 2024 and 2023, is as follows (in thousands, except share and per share amounts):


	Years Ended March 31,
	2024			2023
Net loss	$	(8,443	)	$	(1,014	)
Weighted-average shares outstanding, basic and diluted		26,382,190			25,000,000
Net loss per share – basic and diluted	$	(0.32	)	$	(0.04	)

Schedule of Antidilutive Securities Excluded From Computation of Net Loss Per Share

The following table outlines dilutive common share equivalents outstanding, which are excluded in the above diluted net loss per share calculation, as the effect of their inclusion would be anti-dilutive or the share equivalents were contingently issuable as of each period presented:


	March 31,
	2024		2023
Earnout shares		6,000,000		—
Common Stock underlying Public Warrants		10,100,000		—
Common Stock underlying Private Placement Warrants		3,235,000		—
Total		19,335,000		—

Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred cost of sales	$ 3,754	$ 3,505
Value added tax ("VAT") receivable	635	361
Advance payments	414	726
Other current assets	313	263
Total other current assets	$ 5,116	$ 4,855

Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Mar. 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component are summarized below:


	Foreign Currency Translation			Defined Benefit Plan Items			Total Accumulated Other Comprehensive (Loss) Income
Balance at March 31, 2022	$	(3,372	)	$	4,007		$	635
Other comprehensive income (loss) before reclassifications		(503	)		592			89
Reclassifications to statements of earnings		—			(1,013	)		(1,013	)
Total other comprehensive loss		(503	)		(421	)		(924	)
Balance, March 31, 2023		(3,875	)		3,586			(289	)
Other comprehensive income (loss) before reclassifications		1,455			(469	)		986
Reclassifications to statements of earnings		—			(647	)		(647	)
Total other comprehensive income (loss)		1,455			(1,116	)		339
Balance, March 31, 2024	$	(2,420	)	$	2,470		$	50

Schedule of Employee Defined Benefits Obligations and Plan Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Change in present value of defined benefit obligation:
Defined benefit obligation at the beginning of the year	$ 9,337	$ 9,500
Interest on defined obligation	213	129
Current service cost	655	678
Contributions by plan participants	444	476
Translation (gain) loss	534	(20)
Benefits paid	(289)	(1,095)
Actuarial loss arising on projected benefit obligation	118	(331)
Defined benefit obligation at the end of the year	11,012	9,337
Change in plan assets:
Fair value of plan assets at the beginning of the year	7,761	7,353
Actual return on plan assets	(68)	457
Contributions by the employer	530	569
Contributions by plan participants	444	476
Benefits paid	(289)	(1,095)
Translation loss	440	1
Fair value of plan assets - at the end of the year	8,818	7,761
Funded status at end of the year	$ (2,194)	$ (1,576)

Stockholders' Equity

12 Months Ended

Mar. 31, 2024

Equity [Abstract]

Stockholders' Equity

12.

Stockholders' Equity

Authorized and Outstanding Capital Stock

The authorized capital stock of the Company consists of 100,000,000 shares of Common Stock and 10,000,000 shares of preferred stock.

Common Stock

The Amended and Restated Certificate of Incorporation authorizes one class of common stock.

Holders of the Company’s common stock are entitled to one vote for each share held as of the record date for the determination of the shareholders entitled to vote on such matters, including the election and removal of directors, except as otherwise required by law. Under Delaware law, the right to vote cumulatively does not exist unless the certificate of incorporation specifically authorizes cumulative voting. The Company’s Amended and Restated Certificate of Incorporation does not authorize cumulative voting and provides that no shareholder is permitted to cumulate votes at any election of directors. Consequently, the holders of a majority of the outstanding shares of the Company’s common stock can elect all of the directors then standing for election, and the holders of the remaining shares are not able to elect any directors.

Subject to preferences that may apply to any shares of the Company’s preferred stock outstanding at the time, the holders of the Company’s common stock will be entitled to receive dividends out of funds legally available therefor if the Company’s board of directors, in its discretion, determines to authorize the issuance of dividends and then only at the times and in the amounts that the Company’s board of directors may determine. If the Company becomes subject to a liquidation, dissolution, or winding-up, the assets legally available for distribution to the Company’s shareholders would be distributable ratably among the holders of the Company’s common stock and any participating series of the Company’s preferred stock outstanding at that time, subject to prior satisfaction of all outstanding debt and liabilities and the preferential rights of, and the payment of any liquidation preferences on, any outstanding shares of the Company’s preferred stock.

Preferred Stock

Under the terms of our certificate of incorporation, our Board has the authority, without further action by our stockholders, to issue up to 10,000,000 shares of preferred stock in one or more series, to establish from time to time the number of shares to be included in each such series, to fix the dividend, voting and other rights, preferences and privileges of the shares of each wholly unissued series and any qualifications, limitations or restrictions thereon, and to increase or decrease the number of shares of any such series, but not below the number of shares of such series then outstanding.

The Company’s board of directors is able to authorize the issuance of the Company’s preferred stock with voting or conversion rights that could adversely affect the voting power or other rights of the holders of the Company’s common stock. The issuance of the Company’s preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring, or preventing a change in control of the Company and might adversely affect the market price of the Company’s common stock and the voting and other rights of the holders of the Company’s common stock. There are currently no plans to issue any shares of the Company’s preferred stock.

Earnout Shares

As described in Note 1 - Business and Organization earnout shares issued in connection with the Business Combination are subject to vesting based on the volume weighted average trading prices (“VWAP”) of common shares during the earnout period. If, upon the expiration of the Earnout Period, the vesting of any of the Earnout Shares has not occurred, then the applicable Earnout Shares that failed to vest shall terminate and no longer apply and the Company shall instruct the escrow agent to deliver the Earnout Shares applicable to such unachieved earnout triggers to the Company for cancellation.

Warrants

Each two warrants entitles the registered holder to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment as discussed below. Because the warrants may only be exercised for whole numbers

of Common Stock, only an even number of warrants may be exercised at any given time by a warrant holder. The warrants will expire five years after the completion of our initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.

Additionally, once the Public Warrants become exercisable, the Company can redeem the outstanding Public Warrants:

•

in whole and not in part;

•

at a price of $0.01 per warrant;

•

upon not less than 30 days’ prior written notice of redemption (the “30-day redemption period”) to each warrant holder; and

•

if, and only if, the reported last sale price of the Common Stock equals or exceeds $18.00 per share (as adjusted for share sub-divisions, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period ending three business days before we send the notice of redemption to the warrant holders.

If the Company calls the Public Warrants for redemption as previously described, the Company has the option to require all holders that wish to exercise the Public Warrants to do so on a cashless basis.

Simultaneously with ATAK’s initial public offering, ATAK consummated a private placement of 6,470,000 Private Placement Warrants with ATAK’s sponsor. Each two Private Placement Warrants is exercisable for one share of common stock at a price of $11.50 per share, subject to adjustment. The Private Placement Warrants have terms and provisions that are identical to those of the Public Warrants except that the Private Placement Warrants holder can exercise their Private Placement Warrants for cash or on a cashless basis when the Company call the warrants for redemption at the option of private placement warrant holders the Private Placement Warrants were not transferable, assignable or salable until 30 days after the completion of the Business Combination.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Schedule of Defined Benefit Plans with Accumulated Benefit Obligations in Excess of Plan Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Defined Benefit Plan, Additional Information [Abstract]
Accumulated benefit obligation	$ 10,686	$ 9,049
Fair value of plan assets	$ 8,818	$ 7,761

Other Current Assets (Tables)

12 Months Ended

Mar. 31, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Current Assets

Other current assets as of March 31, 2024 and 2023 consisted of the following:


	As of March 31,
	2024		2023
Deferred cost of sales	$	3,754	$	3,505
Value added tax (“VAT”) receivable		635		361
Advance payments		414		726
Other current assets		313		263
Total other current assets	$	5,116	$	4,855

Related Party Transactions

12 Months Ended

Mar. 31, 2024

Related Party Transactions

13.

Related Party Transactions

Parties are considered related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal with if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions.

Reorganization and Transaction with DIH Cayman and DIH Hong Kong

While the Company’s businesses have historically functioned together with the other businesses controlled by DIH Cayman, the Company’s businesses are largely isolated and not dependent on corporate or other support functions. DIH Hong Kong is a wholly-owned subsidiary of DIH Cayman and the Company was a wholly-owned subsidiary of DIH Cayman prior to closing of the Business Combination.

On July 1, 2021, DIH Cayman completed a series of reorganization steps to transfer DIH US Corp and its subsidiaries and Hocoma Medical GmbH from Hocoma AG to DIH Holding US Inc., Nevada, effectively creating the Company as explained in the Hocoma AG and share transfers section below. The reorganization was accounted for as a common control transaction and the assets contributed and liabilities assumed were recorded based on their historical carrying values.

Subsequent to the year ended March 31, 2022, the Company did not incur significant transactions with DIH Cayman or DIH Hong Kong. The balances recorded under "Due from relate party" and "Due to related party" are derived from historical transactions. The table below summarizes related party balances with DIH Hong Kong excluding Hocoma AG and Motek as of March 31, 2024 and 2023


	As of March 31,
	2024		2023
Due from related party	$	2,586	$	2,456
Due to related party	$	1,470	$	1,311

Hocoma AG and share transfers

On July 1, 2021, Hocoma AG entered into a series of agreements with the Company and its subsidiaries to transfer all business aspects of development and production of mechanical and electronic devices in the fields of medical technology and biotechnology to Hocoma Medical GmbH.

Between July 2021 and January 2024, Hocoma AG operated as a single entity, with all business operations conducted at Hocoma AG while all personnel, except for two employees managing the MDR certification, were employed by Hocoma Medical. The EU MDR 2017/745 came into effect in May 2021. All medical devices certified under the previous Medical Device Directive (MDD) must certify to the new requirements to ensure that they can continue to be sold in the European market. Hocoma AG holds the MDR certification, which cannot legally be transferred to Hocoma Medical. Upon the lifting of the injunction, management performed a retrospective separation of these entities to account for the original transactions reinstated by the court.

Transfer ownership of DIH US Corp to DIH Nevada:

Hocoma AG and DIH Nevada entered into a share purchase agreement effective on July 1, 2021, in which Hocoma AG agreed to sell all 10,000 shares of DIH US Corp and intercompany balances totaling $7.80 million between DIH US Corp and Hocoma AG to DIH Nevada. The purchase price was settled through a Note Agreement accruing interest at a rate of 1.25% annually (“Share Purchase Note”). The note has a term of 5 years, due on June 30, 2026, with prepayment allowed.

Contribution net assets to Hocoma Medical:

In a Contribution Agreement effective on July 1, 2021, Hocoma AG agreed to contribute its business to Hocoma Medical GmbH. The contributed business was valued at USD 10.47 million as amended where Hocoma Medical GmbH was a wholly owned subsidiary of Hocoma AG at the time. The Contribution Agreement explicitly excluded the intellectual property rights specified in the Contribution Agreement. Additionally, the assets excluded all 10,000 shares of DIH US Corporation and certain intercompany balances. The Agreement specifically excludes from these liabilities all indebtedness of Hocoma AG related to the contributed business as of the effective date, as well as any liability for taxes relating to the contributed business as of the effective date.

Transfer of ownership in Hocoma Medical to DIH Nevada:

Under a separate Share Purchase Agreement effective on July 1, 2021, Hocoma AG transferred all ownership in Hocoma Medical GmbH in the form of 200 membership interests to DIH Nevada for $10.47 million, based on the final valuation. The purchase price was settled through a Note Agreement with an interest rate of 1.25% (“Membership Interest Note”). The note was agreed for a term of 5 years, due on June 30, 2026, with prepayment allowed.

Transfer of intellectual property to DIH US Corp:

In a business/asset, share, and IP purchase agreement on July 12, 2021, which was amended on August 3, 2021 Hocoma AG transferred intellectual property rights as listed in the Annex to the agreement to DIH Technology Inc. (a wholly owned subsidiary of DIH US Corp) for $1.57 million through a note agreement. The note payable formalized in a note agreement effective July 1, 2021, with an interest rate of 1.25% (“IP Note”). The note was agreed for a term of 5 years, due on June 30, 2026, with prepayment allowed.

The Share Purchase Note, Membership Interest Note and IP Note together are referred to as "Related Party Notes".

Hocoma Medical GmbH has made periodically payments on the principal and interests of the Related Party Notes, resulting from the transfer of the business and assets above.

Additionally, the two employees who remained at Hocoma AG provided services for the business of Hocoma Medical. Historically, an immaterial premium was charged to the cost of the employees.

As of March 31, 2024 and 2023, the balances of Related Party Notes were $11,457 and $17,301, respectively included in Note payable - related party". The decrease resulted from the Company's payments of principal on Related Party Notes owed to Hocoma AG.

In addition to the Related Party Notes, as of March 31, 2024 and 2023, the Company recorded a related party balance of $(267) and $1,992, respectively, representing cash balances owed by Hocoma AG. As part of the transfer discussed above, the Company also recorded a long-term related party receivable for $324 as of March 31, 2024 and 2023, included in "Other assets".

Motek Group

The Company has entered into a distribution agreement with the Motek Group. The agreement, which has been historically in place, appoints the Company as the exclusive distributor of Motek's advanced human movement research and rehabilitation products and services designed to support efficient functional movement therapy within specified territories. Under the distribution agreement, Motek supplies the products and services to the Company at the prices detailed in the agreement, with the Company entitled to a distributor margin. Motek provides ongoing support and assistance, including training, marketing materials, and technical documentation to the Company.

For the years ended March 31, 2024 and 2023, the Company made purchases amounting to $13,599 and $11,869, respectively, from the Motek Group.


	As of March 31,
	2024		2023
Due from related party	$	3,367	$	1,934
Due to related party	$	8,667	$	5,530

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-Publisher FASB
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+ Details

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Reconciliation of Changes in Manufacturing Warranty Obligation

A reconciliation of the changes in manufacturing warranty obligation is as follows:


	Years Ended March 31,
	2024			2023
Balance as of beginning of period	$	973		$	836
Current-year provisions		1,139			973
Reductions for settlements		(973	)		(836	)
Adjustments related to changes in estimates		(626	)		-
Balance as of end of period	$	513		$	973

Summary of Allowance for Credit Loss and Changes

The following table presents the allowance for credit loss and the changes therein:


Balance as of March 31, 2023	$	1,683
CECL implementation		(547	)
Recoveries		(704	)
Credit loss expense		279
Write-offs		(44	)
Balance as of March 31, 2024	$	667

Schedule of Property and Equipment, Net


	Years
Computer software and hardware	3 years
Machinery and equipment	5-10 years
Vehicles	5 years
Furniture and fixtures	3-5 years
Leasehold improvements	Shorter of remaining lease term or estimated useful life

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities as of March 31, 2024 and 2023 consisted of the following:


	As of March 31,
	2024		2023
Taxes payable	$	2,554	$	2,114
Other payables and current liabilities		7,381		6,517
Total accrued expenses and other current liabilities	$	9,935	$	8,631

Revenue Recognition (Tables)

12 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The Company disaggregates its revenue with customers by category and by geographic region based on customer location, see Note 4 for further information. The following represents the net revenue for the years ended March 31, 2024 and 2023, based on revenue category:


	Years Ended March 31,
	2024		2023
Devices	$	51,125	$	43,452
Services		11,105		9,292
Other		2,243		1,315
Total revenue, net	$	64,473	$	54,059

Consolidated Statements of Stockholders' Deficit - USD ($)
$ in Thousands

Total

Common Stock [Member]

Additional Paid-in Capital [Member]

Accumulated Deficit [Member]

Accumulated Other Comprehensive Income (Loss) [Member]

Balance, value at Mar. 31, 2022

$ (26,894)

$ 2

$ (1,776)

$ (25,755)

$ 635

Balance, shares at Mar. 31, 2022

^[1]

25,000,000

Net loss

(1,014)

Other comprehensive income (loss), net of tax

(924)

Net transactions with DIH Cayman

(122)

Balance, value at Mar. 31, 2023

(28,954)

$ 2

(1,898)

(26,769)

(289)

Balance, shares at Mar. 31, 2023

^[1]

25,000,000

Net loss

(8,443)

Issuance of common stock upon reverse recapitalization

4,512

$ 1

4,511

Issuance of common stock upon reverse recapitalization, shares

^[1]

9,544,935

Other comprehensive income (loss), net of tax

339

Balance, value at Mar. 31, 2024

$ (32,546)

$ 3

$ 2,613

$ (35,212)

$ 50

Balance, shares at Mar. 31, 2024

^[1]

34,544,935

[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.

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

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-Section 50
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+ Details

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Current assets:
Cash and cash equivalents	$ 3,225	$ 3,175
Accounts receivable, net of allowances of $667 and $1,683, respectively	5,197	5,998
Inventories, net	7,830	4,850
Due from related party	5,688	6,383
Other current assets	5,116	4,855
Total current assets	27,056	25,261
Property, and equipment, net	530	742
Capitalized software, net	2,131	2,019
Other intangible assets, net	380	380
Operating lease, right-of-use assets, net	4,466	2,604
Other tax assets	267	1
Other assets	905	772
Total assets	35,735	31,779
Current liabilities:
Accounts payable	4,305	2,190
Employee compensation	2,664	3,163
Due to related party	10,192	6,841
Current portion of deferred revenue	5,211	7,714
Manufacturing warranty obligation	513	973
Current portion of long-term operating lease	1,572	1,005
Advance payments from customers	10,562	6,255
Accrued expenses and other current liabilities	9,935	8,631
Total current liabilities	44,954	36,772
Non-current deferred revenues	4,670	2,282
Long-term operating lease	2,917	1,621
Deferred tax liabilities	112	110
Other non-current liabilities	4,171	2,647
Total liabilities	68,281	60,733
Commitments and contingencies (Note 16)
Deficit:
Preferred Stock, $0.00001 par value; 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2024; no shares authorized, issued and outstanding at March 31, 2023	0	0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 34,544,936 shares issued and outstanding at March 31, 2024; 25,000,000 shares authorized, issued and outstanding at March 31, 2023	3	2
Additional paid-in capital	2,613	(1,898)
Accumulated deficit	(35,212)	(26,769)
Accumulated other comprehensive income (loss)	50	(289)
Total deficit	(32,546)	(28,954)
Total liabilities and (deficit)	35,735	31,779
Related Party [Member]
Current liabilities:
Notes payable - related party	$ 11,457	$ 17,301

Schedule of Property and Equipment, Net (Details)	Mar. 31, 2024
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	Leasehold Improvements [Member]
Computer Equipment [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Leasehold improvements	3 years
Machinery and Equipment [Member] \| Minimum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Leasehold improvements	5 years
Machinery and Equipment [Member] \| Maximum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Leasehold improvements	10 years
Vehicles [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Leasehold improvements	5 years
Furniture and Fixtures [Member] \| Minimum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Leasehold improvements	3 years
Furniture and Fixtures [Member] \| Maximum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Leasehold improvements	5 years

Schedule of Fair Value of Plan Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Total	$ 8,818	$ 7,761	$ 7,353
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	8,818	7,761
Pension Plan [Member] \| Defined Benefit Plan, Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	106	186
Pension Plan [Member] \| Defined Benefit Plan, Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	3,316	2,763
Pension Plan [Member] \| Defined Benefit Plan, Debt Security [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	2,310	1,987
Pension Plan [Member] \| Defined Benefit Plan, Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	1,851	1,855
Pension Plan [Member] \| Defined Benefit Plan Non Traditional Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	1,235	970
Fair Value, Inputs, Level 1 [Member] \| Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	5,732	4,936
Fair Value, Inputs, Level 1 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	106	186
Fair Value, Inputs, Level 1 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	3,316	2,763
Fair Value, Inputs, Level 1 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Debt Security [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	2,310	1,987
Fair Value, Inputs, Level 1 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 1 [Member] \| Pension Plan [Member] \| Defined Benefit Plan Non Traditional Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 2 [Member] \| Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	3,086	2,825
Fair Value, Inputs, Level 2 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 2 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 2 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Debt Security [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 2 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	1,851	1,855
Fair Value, Inputs, Level 2 [Member] \| Pension Plan [Member] \| Defined Benefit Plan Non Traditional Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	1,235	970
Fair Value, Inputs, Level 3 [Member] \| Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 3 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 3 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 3 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Debt Security [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 3 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 3 [Member] \| Pension Plan [Member] \| Defined Benefit Plan Non Traditional Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Total

Schedule of Computation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net loss	$ (8,443)	$ (1,014)
Weighted-average shares outstanding, basic	26,382,190	25,000,000
Weighted-average shares outstanding, diluted	26,382,190	25,000,000
Net loss per share - basic	$ (0.32)	$ (0.04)
Net loss per share - diluted	$ (0.32)	$ (0.04)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Summary of Related Party Balances with Related Party (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
DIH Hong Kong [Member]
Related Party Transaction [Line Items]
Due from related party	$ 2,586	$ 2,456
Due to related party	1,470	1,311
Motek Group [Member]
Related Party Transaction [Line Items]
Due from related party	3,367	1,934
Due to related party	$ 8,667	$ 5,530

Schedule of Revenue Attributed to Geographic Regions Based on Customer Location (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue, net	$ 64,473	$ 54,059
Europe, Middle East and Africa ("EMEA") [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue, net	36,002	31,454
Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue, net	16,716	14,264
Asia Pacific ("APAC") [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue, net	$ 11,755	$ 8,341

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Income Taxes (Tables)

12 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Components of Loss Before Income Tax


	Year ended March 31,
	2024			2023
U.S. operations	$	(11,652	)	$	(4,806	)
Non-U.S. operations		4,455			5,810
Total loss before income taxes	$	(7,197	)	$	1,004

The provision for income taxes during the years ended March 31, 2024 and 2023 consists of the following:

Summary of Provision for Income Taxes


	Year ended March 31,
	2024		2023
Current:
State	$	—	$	—
Federal		—		—
Foreign		347		1,435
Deferred:		—		—
State		—		—
Federal		1		58
Foreign

Noncurrent:
State		—		—
Federal		200		525
Foreign		698		—
Total	$	1,246	$	2,018

A reconciliation of income tax expense computed at the statutory corporate income tax rate to the effective income tax rate for the years ended March 31, 2024 and 2023 is as follows:

Summary of Reconciliation of Income Tax Expense Computed at Statutory Corporate Income Tax Rate to Effective Income Tax Rate


	Year ended March 31,
	2024			2023
Tax expense computed at federal statutory rate		21.0	%		21.0	%
State tax		6.4	%		(12.7	)%
Change in valuation allowance		11.6	%		80.0	%
Foreign rate differential		9.2	%		(7.7	)%
Non-deductible expenses		(15.2	)%		62.6	%
Uncertain Tax Positions		(53.5	)%		52.3	%
Other		3.2	%		5.5	%
Total income tax expense		(17.3	)%		201.0	%

The Company’s deferred tax position reflects the net tax effects of the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting. Significant components of the deferred tax assets and liabilities are as follows:

Significant Components of Deferred Tax Assets and Liabilities


	Year ended March 31,
	2024			2023
Deferred tax assets:
Net operating loss carryforwards	$	6,793		$	6,483
Pension		422			323
Accrued expenses		35			138
Section 163(j) interest expense carryforward		84			165
Capitalized R&D		332			689
GAAP to statutory adjustments		741			686
Other		217			152
Total gross deferred tax assets		8,624			8,636
Less: valuation allowance		(8,139	)		(8,264	)
Total deferred tax assets, net of valuation allowance	$	485		$	372
Deferred tax liabilities:
Depreciation	$	6		$	7
GAAP to statutory adjustments		418			424
Other		173			51
Total gross deferred tax liabilities		597			482
Net deferred tax liabilities	$	112		$	110

Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Liability

A reconciliation of beginning and ending amount of unrecognized tax liability is presented below:

Schedule of Property and Equipment Net (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment	$ 4,176	$ 4,051
Less: accumulated depreciation	(3,646)	(3,309)
Property and equipment, net	530	742
Computer Software and Hardware [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	849	802
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	807	661
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	1,357	1,249
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	871	818
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	70	55
Demonstration Units [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 222	$ 466

Schedule of Amounts Recognized in Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent [Abstract]
Net gain (loss)	$ 1,633	$ 2,610
Prior service (cost) credit	837	976
Total recorded in accumulated other comprehensive income	$ 2,470	$ 3,586

Schedule of Inventories, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Inventory Disclosure [Abstract]
Raw materials and spare parts	$ 3,882	$ 4,619
Work in process	4,769	1,105
Finished goods	1,283	613
Less: reserves	(2,104)	(1,487)
Total inventories, net	$ 7,830	$ 4,850

Other Non-Current Liabilities

12 Months Ended

Mar. 31, 2024

Other Liabilities Disclosure [Abstract]

Other Non-Current Liabilities

11.

Other Non-Current Liabilities

Other non-current liabilities as of March 31, 2024 and 2023 consisted of the following:


	As of March 31,
	2024		2023
Provisions	$	1,977	$	1,576
Pension liabilities		2,194		1,071
Total other non-current liabilities	$	4,171	$	2,647

Other Non-Current Liabilities (Tables)

12 Months Ended

Mar. 31, 2024

Other Liabilities Disclosure [Abstract]

Summary of Other Non-Current Liabilities

Other non-current liabilities as of March 31, 2024 and 2023 consisted of the following:


	As of March 31,
	2024		2023
Provisions	$	1,977	$	1,576
Pension liabilities		2,194		1,071
Total other non-current liabilities	$	4,171	$	2,647

Stockholders' Equity (Details Narrative) - $ / shares	12 Months Ended
Stockholders' Equity (Details Narrative) - $ / shares	Mar. 31, 2024	Mar. 31, 2023
Class of Stock [Line Items]
Preferred stock, shares authorized	10,000,000	0
Preferred stock, par or stated value per share	$ 0.00001	$ 0.00001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock shares authorized	100,000,000	25,000,000
Common stock par value per share	$ 0.0001	$ 0.0001
Common stock shares issued	34,544,935	25,000,000
Common stock shares outstanding	34,544,935	25,000,000
Common stock voting rights description	Holders of the Company’s common stock are entitled to one vote for each share held as of the record date for the determination of the shareholders entitled to vote on such matters, including the election and removal of directors, except as otherwise required by law. Under Delaware law, the right to vote cumulatively does not exist unless the certificate of incorporation specifically authorizes cumulative voting. The Company’s Amended and Restated Certificate of Incorporation does not authorize cumulative voting and provides that no shareholder is permitted to cumulate votes at any election of directors. Consequently, the holders of a majority of the outstanding shares of the Company’s common stock can elect all of the directors then standing for election, and the holders of the remaining shares are not able to elect any directors.
Preferred stock voting rights description	The Company’s board of directors is able to authorize the issuance of the Company’s preferred stock with voting or conversion rights that could adversely affect the voting power or other rights of the holders of the Company’s common stock. The issuance of the Company’s preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring, or preventing a change in control of the Company and might adversely affect the market price of the Company’s common stock and the voting and other rights of the holders of the Company’s common stock. There are currently no plans to issue any shares of the Company’s preferred stock.
Private Placement Warrants [Member]
Class of Stock [Line Items]
Number of warrants or rights converted into shares	2
Number of shares issued per unit	1
Share price	$ 11.5
Class of warrants or rights warrants issued during the period units	6,470,000
Warrants transferable, assignable or salable term after date of completion of business combination	30 days
Warrants [Member]
Class of Stock [Line Items]
Number of warrants or rights converted into shares	2
Common Stock [Member] \| Share Price Equal Or Exceeds Eighteen Rupees Per Dollar [Member] \| Redemption Of Warrants [Member]
Class of Stock [Line Items]
Class of warrants redemption price per unit	$ 0.01
Share price	$ 18
Class of warrants, redemption notice period	30 days
Number of consecutive trading days for determining share price	20 days
Number of trading days for determining share price	30 days
Common Stock [Member] \| Warrants [Member]
Class of Stock [Line Items]
Number of shares issued per unit	1
Share price	$ 11.5

Geographical Information (Tables)

12 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Revenue Attributed to Geographic Regions Based on Customer Location

The following represents revenue attributed to geographic regions based on customer location:


	Years Ended March 31,
	2024		2023
Europe, Middle East and Africa (“EMEA”)	$	36,002	$	31,454
Americas		16,716		14,264
Asia Pacific (“APAC”)		11,755		8,341
Total revenue	$	64,473	$	54,059

Schedule of Long-lived Assets

Long-lived assets shown below include property and equipment, net. The following represents long-lived assets where they are physically located:


	2024		2023
EMEA	$	276	$	236
Americas		206		390
APAC		48		116
Total property and equipment, net	$	530	$	742

Geographical Information

12 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Geographical Information

The following represents revenue attributed to geographic regions based on customer location:


	Years Ended March 31,
	2024		2023
Europe, Middle East and Africa (“EMEA”)	$	36,002	$	31,454
Americas		16,716		14,264
Asia Pacific (“APAC”)		11,755		8,341
Total revenue	$	64,473	$	54,059

Long-lived assets shown below include property and equipment, net. The following represents long-lived assets where they are physically located:


	2024		2023
EMEA	$	276	$	236
Americas		206		390
APAC		48		116
Total property and equipment, net	$	530	$	742

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Other Current Assets

12 Months Ended

Mar. 31, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Current Assets

Other current assets

Other current assets as of March 31, 2024 and 2023 consisted of the following:


	As of March 31,
	2024		2023
Deferred cost of sales	$	3,754	$	3,505
Value added tax (“VAT”) receivable		635		361
Advance payments		414		726
Other current assets		313		263
Total other current assets	$	5,116	$	4,855

Schedule of Long-lived Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 530	$ 742
EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	276	236
Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	206	390
APAC [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 48	$ 116

Schedule of Expected Pension Plan Payments (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2025	$ 43
2026	252
2027	81
2028	88
2029	95
2030-2034	$ 1,059

Schedule of Right-of-use Lease Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating lease, right-of-use assets, net	$ 4,466	$ 2,604
Current portion of long-term operating lease	1,572	1,005
Long-term operating lease	2,917	1,621
Total operating lease liabilities	$ 4,489	$ 2,626

Accrued Expenses and Other Current Liabilities

12 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

10.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities as of March 31, 2024 and 2023 consisted of the following:


	As of March 31,
	2024		2023
Taxes payable	$	2,554	$	2,114
Other payables and current liabilities		7,381		6,517
Total accrued expenses and other current liabilities	$	9,935	$	8,631

Business and Organization (Details Narrative)				12 Months Ended
Business and Organization (Details Narrative)	Feb. 08, 2024 USD ($) $ / shares shares	Feb. 07, 2024 USD ($) $ / shares shares	Feb. 26, 2023 TradingDays $ / shares shares	Mar. 31, 2024 USD ($) NotePayable	Mar. 31, 2023 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash and cash equivalents \| $				$ 3,225,000	$ 3,175,000
Operating losses resulted in accumulated deficit \| $				$ (35,212,000)	(26,769,000)
Number of notes payable to related party \| NotePayable				3
Note due date				Jun. 30, 2026
Interest rate				1.25%
DIH Holding US, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash held in trust account, received \| $		$ 899,000
Number of warrants or rights outstanding		20,200,000
Stock issued during period, shares, issued for services		532,796
Stockholders' equity note, stock split				In connection with the Closing of the Business Combination, (a) ATAK migrated and changed its domestication to become a Delaware corporation and changed its name to “DIH Holding US, Inc.” (b) each issued and outstanding ATAK Class A Ordinary Share was converted, on a one-for-one basis, into one share of DIH Class A Common Stock; (c) each issued and outstanding Class B Ordinary Share was converted, on a one-for-one basis, into one share of Domesticated Class B Common Stock; (d) each issued and outstanding ATAK Public Warrant, ATAK Private Warrant and ATAK Right was converted, on a one-for-one basis, into a DIH Public Warrant, DIH Private Warrant and DIH Right, respectively; and (e) the governing documents of ATAK were replaced by governing documents for the Delaware corporation. The Amended and Restated Certificate of Incorporation authorizes one class of common stock as Class A Common Stock ("Common Stock").
Cash and cash equivalents \| $				$ 3,225,000
Operating losses resulted in accumulated deficit \| $				$ (35,200,000)
Gross rerevenue increased percentage				19.30%
Gross revenue \| $				$ 64,473,000	$ 54,059,000
DIH US Corporation [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of Interest own by wholly owned subsidiaries		100.00%
Hocoma Medical GmbH [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of Interest own by wholly owned subsidiaries		100.00%
Subscription Agreement [Member] \| DIH Holding US, Inc. [Member] \| OrbiMed [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of warrants or rights converted into shares	300,000
Number of warrant or right, exercise price \| $ / shares	$ 10
Common Class A [Member] \| DIH Holding US, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Financial advisory payment, shares		700,000
Number of warrants or rights converted into shares		2,020,000
Shares Price \| $ / shares		$ 5.02	$ 12
Aggregate consideration amount \| $		$ 250,000,000,000
Issued price per share \| $ / shares		$ 10
Earnout shares			1,000,000
Trading days \| TradingDays			20
Common Class A [Member] \| DIH Holding US, Inc. [Member] \| Stockholders [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued			6,000,000
Common Class A [Member] \| Subscription Agreement [Member] \| DIH Holding US, Inc. [Member] \| OrbiMed [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued	150,000
Shares Price \| $ / shares	$ 10
Aggregate purchase price \| $	$ 1,500,000
Common Class A One[Member] \| DIH Holding US, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares Price \| $ / shares			$ 13.5
Earnout shares			1,333,333
Trading days \| TradingDays			20
Common Class A Two [Member] \| DIH Holding US, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares Price \| $ / shares			$ 15
Earnout shares			1,666,667
Trading days \| TradingDays			20
Common Class A Three [Member] \| DIH Holding US, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares Price \| $ / shares			$ 16.5
Earnout shares			2,000,000
Trading days \| TradingDays			20
Legacy DIH [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued		25,000,000

Schedule of Estimated Annual Amortization for Intangible Assets (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Disclosure Capitalized Software Net And Other Intangible Assets Net Abstract
2025	$ 90
2026	464
2027	464
2028	464
2029	$ 464

Capitalized Software, Net and Other Intangible Assets, Net

12 Months Ended

Mar. 31, 2024

Disclosure Capitalized Software Net And Other Intangible Assets Net Abstract

Capitalized Software, Net and Other Intangible Assets, Net

Capitalized software, net and other intangible assets, net

Capitalized software, net and other intangible assets, net as of March 31, 2024 and 2023 consisted of the following:


	2024						2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Capitalized software	$	2,131	$	—	$	2,131	$	2,019	$	—	$	2,019
Other intangible assets	$	380	$	—	$	380	$	380	$	—	$	380

Other intangible assets include patent and technology related intangible assets of $380 acquired from the SafeGait asset acquisition discussed in Note 2, which represented non-cash investing activities for the year ended March 31, 2023. The weighted-average useful lives of these intangible assets are 10 years.

Capitalized software, net and other intangible assets, net are subject to amortization when they are available for their intended use. For the years ended March 31, 2024 and 2023, the Capitalized software, net and other intangible assets are not available for intended use and thus not amortized. The weighted-average useful life of capitalized software is 5 years.

Estimated annual amortization for intangible assets over the next five years are as follows:


	2025		2026		2027		2028		2029
Estimated annual amortization	$	90	$	464	$	464	$	464	$	464

Subsequent Events (Details Narrative) $ / shares in Units, $ in Thousands		12 Months Ended
	Jun. 06, 2024 USD ($) CommonStock $ / shares shares	Mar. 31, 2024
Subsequent Event [Line Items]
Debt instrument, maturity date		Jun. 30, 2026
Debt instrument interest rate		1.25%
Subsequent Event [Member] \| Original Issue Discount Senior Secured Convertible Debentures [Member] \| Securities Purchase Agreement [Member]
Subsequent Event [Line Items]
Aggregate principal amount	$ 3,300
Original issue discount percentage	8.00%
Debentures issued with original issue discount	$ 300
Gross proceeds from issuance of debt	3,000
Net proceeds from issuance of debt	$ 2,500
Debt instrument, maturity date	Dec. 07, 2025
Debt instrument, payment terms	payable monthly beginning one year from the issuance date.
Debt instruments, maturities, repayment terms	Provided that no event of default has occurred or is continuing, and at least 33% of the principal amount of the Debentures has either previously been repaid or converted in accordance with the terms of the Debenture, the Company may elect, by notice to the holder of the Debentures, to extend the Maturity Date by six months upon the payment of six months’ interest on the then-outstanding principal amount.
Number of warrants or rights converted into shares \| shares	330,000
Number of warrant or right, exercise price \| $ / shares	$ 5
Term of warrants	5 years
Debt instrument interest rate	8.00%
Subsequent Event [Member] \| Common Stock [Member] \| Original Issue Discount Senior Secured Convertible Debentures [Member] \| Securities Purchase Agreement [Member]
Subsequent Event [Line Items]
Debentures convertible into common shares \| CommonStock	660,000
Convertible into common shares per share \| $ / shares	$ 5

Revenue Recognition (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Advance payments from customers	$ 10,562	$ 6,255
DIH Holding US, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Deferred revenue	9,881	9,996
Deferred revenue, revenue recognized	7,405	5,358
Revenue, remaining performance obligation, amount	$ 4,670	2,698
Deferred revenue recognized	2 years
Advance payments from customers	$ 10,600	$ 6,300

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Reconciliation of Changes in Manufacturing Warranty Obligation (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Product Warranties Disclosures [Abstract]
Balance as of beginning of period	$ 973	$ 836
Current-year provisions	1,139	973
Reductions for settlements	(973)	(836)
Adjustments related to changes in estimates	(626)
Balance as of end of period	$ 513	$ 973

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (8,443)	$ (1,014)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Summary of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Current:
State
Federal
Foreign	347	1,435
Deferred:
State
Federal	1	58
Noncurrent:
State
Federal	200	525
Foreign	698
Total	$ 1,246	$ 2,018

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Basis of Presentation

On February 7, 2024, the Company consummated the Business Combination and became a publicly-traded company and its financial statements are now presented on a consolidated basis. Prior to the Business Combination, the Company's historical financial statements were prepared on a combined basis derived from DIH Cayman in the registration statement.

In connection with the Closing of the Business Combination and in accordance with the terms of the Business Combination Agreement, ATAK agreed to waive the closing condition that the reorganization be completed prior to Closing. The Company has recast historical financial statements filed in the registration statements to exclude assets, liabilities and results of operations of entities that are not controlled by the Company as of March 31, 2024. Control exists when the Company has the power, directly and indirectly, to govern the financial and operating policies of an entity and be exposed to the variable returns from its activities. The financial statements for all periods presented, including historical periods prior to February 7, 2024, are now referred to as “Consolidated financial statements" and have been prepared in conformity with U.S. GAAP.

While the Company’s businesses have historically functioned together with the other businesses controlled by DIH Cayman, the Company’s businesses are largely isolated and not dependent on corporate or other support functions. DIH Cayman did not have significant corporate or operational activity and does not have shared services that it provides to its subsidiaries. The Company considered allocations from the DIH Cayman and its subsidiaries but they are insignificant because of the organizational structure such that the Company has been operating on a standalone basis historically.

As of March 31, 2023, legacy DIH and DIH International (“DIH Hong Kong”) were wholly owned subsidiaries of DIH Cayman. As of March 31, 2024, DIH Cayman remains the largest shareholder of the Company and continues to own 100% interest in DIH Hong Kong. Transactions with DIH Cayman, DIH Hong Kong and its subsidiaries are disclosed as related party transactions in Note 13.

All intercompany balances, transactions and profits are eliminated in consolidation.

Foreign Currency Reporting

The functional currency for the Company’s non-U.S. subsidiaries is their local currency. The assets and liabilities of foreign subsidiaries are translated into U.S. dollars using the exchange rate in effect as of the balance sheet date. Revenues and expenses are translated at the average exchange rates for each respective reporting period. Adjustments resulting from translating local currency financial statements into U.S. dollars are reflected in accumulated other comprehensive loss in equity (deficit).

Transactions denominated in currencies other than the functional currency are remeasured based on the exchange rates at the time of the transaction. Foreign currency gains and losses arising primarily from changes in

exchange rates on foreign currency denominated intercompany transactions and balances between foreign locations are recorded in the consolidated statements of operations. Realized and unrealized gains (losses) resulting from transactions conducted in foreign currencies for the years ended March 31, 2024 and 2023 were $(376) and $584, respectively.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Significant estimates made by management in connection with the preparation of the accompanying consolidated financial statements include the useful lives of long-lived assets, inventory valuations, the allocation of transaction price among various performance obligations, valuation of securities, the allowance for credit losses, the fair value of financial assets, liabilities, actuarial valuation of pensions and realizability of deferred income tax asset or liabilities. Actual results could differ from those estimates.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to credit risk primarily consists of cash and cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents with highly-rated financial institutions and limits the amount of credit exposure to any one entity. We believe we do not have any significant credit risk on our cash and cash equivalents. For accounts receivable, the Company is exposed to credit risk in the event of nonpayment by customers which is limited to the amounts recorded on the consolidated balance sheets. The risk associated with this concentration is mitigated by prepayment arrangement and our ongoing credit-review procedures and letters of credit or payment prior to shipment.

Major customers are defined as those individually comprising more than 10% of our trade accounts receivable or revenues. As of March 31, 2024, no customer represented more than 10% of total trade accounts receivables. As of March 31, 2023, one customer comprised 13.9% of total trade accounts receivables. For the year ended March 31, 2024, no customer comprised 10% of total revenue. For the year ended March 31, 2023, one customer comprised 12.0% of total revenue.

Revenue Recognition

Sales are recognized as the performance obligations to deliver products or services are satisfied and are recorded based on the amount of consideration the Company expects to receive in exchange for satisfying the performance obligations. The Company’s sales are recognized primarily when it transfers control to the customer, which can be on the date of shipment of the product, the date of receipt of the product by the customer or upon completion of any required product installation service depending on the terms of the sales contracts and product shipping terms. If a contract contains more than one performance obligation, the transaction price is allocated to each performance obligation based upon a relative standalone selling price and recognizes the related revenue when or as control of each individual performance obligation is transferred to customers. The Company does not assess whether promised goods or services are performance obligations if they are immaterial in the context of the contract with the customer. Sales represent the amount of consideration the Company expects to receive from customers in exchange for transferring products and services. Net sales exclude sales tax, value added and other taxes the Company collects from customers. Sales for extended warranties are deferred and recognized as revenue on a straight-line basis over the warranty period. The Company extends terms of payment to its customers based on commercially reasonable terms for the markets of its customers, while also considering their credit quality. Shipping and handling costs charged to customers are included in net sales.

Certain of the Company’s products are sold through distributors and third-party sales representatives under standard agreements whereby distributors purchase products from the Company and resell them to customers. These arrangements do not provide stock rotation or price protection rights and do not contain extended payment terms. Rights of return are limited to repair or replacement of delivered products that are defective or fail to meet the Company’s published specifications. Provisions for these warranty costs are recognized in the same period that the related revenue is recorded similar to other assurance-type warranties.

Deferred revenue primarily represents service contracts and equipment maintenance, for which consideration is received in advance of when service for the device or equipment is provided. Revenue related to services contracts and equipment maintenance is recognized over the service period as time elapses. Revenues related to products containing an installation clause, are recognized once the item is confirmed installed. See Note 3 for further information on the Company’s deferred revenue balances and remaining performance obligations.

Revenues exclude any taxes that the Company collects from customers and remits to tax authorities. Amounts billed to the customer for shipping and handling are included in revenue, while the related shipping and handling costs are reflected in cost of sales in the period in which revenue is recognized. The Company has elected a practical expedient under ASC 606 that allows for shipping and handling activities that occur after the customer has obtained control of a good to be accounted for as a fulfillment cost. The Company does not adjust the promised amount of consideration for the effects of a significant financing component, if, at contract inception, the Company expects the period between the time when the Company transfers a promised good or service to the customer and the time when the customer pays for that good or service will be one year or less.

The Company exercises judgment in determining the timing of revenue by analyzing the point in time or the period over which the customer has the ability to direct the use of and obtain substantially all of the remaining benefits of the performance obligation. The Company primarily recognizes revenue from sales of products at the point in time that the customer obtains control, which is typically based upon the terms of delivery. The billing terms for these point-in time product contracts generally coincide with delivery to the customer and customer acceptance. When the Company receives customer advances, these are recognized as advance payments from customers in the consolidated balance sheet. The Company recognizes revenue from the sale of certain service contracts over time on a ratable basis consistent with the nature, timing and extent of services, which primarily relate to extended warranties. Our billing terms for these contracts vary and can occur in advance of or following the service period of service. The differences between the timing of our revenue recognized and customer billings (based on contractual terms) result in changes to our contract asset or contract liability positions.

Warranties

The Company generally provides warranties for its products from manufacturing defects on a limited basis for a period of one year after purchase, but also has extended warranties that are separately priced for periods of up to four years. During the term of the warranty, if the device fails to operate properly from defects in materials and workmanship, the Company will fix or replace the defective product. If the customer does not allow the required scheduled maintenance of the product during the extended warranty contract terms, the contract is canceled.

The company estimates the costs that it may incur under its warranty programs based on the number of units sold, historical and anticipated rates of warranty claims, and cost per claim, and records a liability equal to these estimated costs in cost of sales. The company assesses the adequacy of its recorded warranty liabilities on a quarterly basis and adjusts these amounts as necessary

A reconciliation of the changes in manufacturing warranty obligation is as follows:


	Years Ended March 31,
	2024			2023
Balance as of beginning of period	$	973		$	836
Current-year provisions		1,139			973
Reductions for settlements		(973	)		(836	)
Adjustments related to changes in estimates		(626	)		-
Balance as of end of period	$	513		$	973

Cost of Sales

Cost of sales is comprised of direct materials and supplies consumed in the manufacture of products, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of sales also includes the cost to distribute products to

customers, inbound freight costs, warehousing costs and other shipping and handling activity, excluding shipping and handling to customers.

Cost of service is comprised primarily of employee wages, benefits and related personnel expenses of our technical support team, our professional consulting personnel, and our training teams. It also includes costs related to travel and other associated expenses, as well as material and supplies consumed in providing services.

Selling, General and Administrative Expenses

Selling, general and administrative expense is comprised personnel related expenses for DIH’s sales and corporate functions and expenses for outside professional services as well as expenses for facilities, overhead, depreciation, amortization, and marketing costs.

Research and Development

Research and development costs are expensed when incurred except for production stage software research and development costs. Research and development costs include costs of research, engineering, and technical activities to develop a new product or service or make significant improvement to an existing product or manufacturing process. Research and development costs also include pre-approval regulatory and clinical trial expenses.

Accounts Receivable, net

Accounts receivable, net in the accompanying consolidated balance sheets are presented net of allowances for credit losses. The Company performs evaluations of its customers’ financial condition and, generally, requires no collateral from its customers. The standard terms and conditions include provisions of prepayments of up to 100% of the contract value prior to shipping the product to the customer. The Company evaluates the collectability of its accounts receivable based upon several factors, including historical experience, the likelihood of payment from its customers, and any other known specific factors associated with its customers. Allowances are made based upon a specific review of aged invoices as well as a review of the overall quality and age of those invoices not specifically reviewed. Each period, the allowance for credit losses is adjusted through earnings to reflect expected credit losses over the remaining lives of the assets. Uncollectible accounts are written-off against the allowance when it is deemed that a customer account is uncollectible.

The decrease in Accounts Receivable related to the application of the Current Expected Credit Loss (CECL) methodology is primarily due to the more forward-looking and comprehensive approach to estimating credit losses under CECL compared to the previous incurred loss model.

The following table presents the allowance for credit loss and the changes therein:


Balance as of March 31, 2023	$	1,683
CECL implementation		(547	)
Recoveries		(704	)
Credit loss expense		279
Write-offs		(44	)
Balance as of March 31, 2024	$	667

Fair Value Measurements

The Company uses any of three valuation approaches to measure fair value: the market approach, the income approach, and the cost approach in determining the appropriate valuation methodologies based on the nature of the asset or liability being measured and the reliability of the inputs used in arriving at fair value.

The Company’s financial instruments consist primarily of cash and cash equivalents, accounts receivable, accounts payable, long-term related party notes payable, accrued expenses and other current liabilities, and accrued employee benefits. The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and other current liabilities, and accrued employee benefits are representative of their respective fair values

due to the short-term maturity of these instruments. The Company's related party notes payable are due within two years and is classified as noncurrent in the consolidated balance sheet and the Company makes regular prepayments historically prior to the due date. Therefore the Company's related party notes payable's carrying value approximate the fair value due to the remaining duration.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. These fair value measurements incorporate nonperformance risk (i.e., the risk that an obligation will not be fulfilled). In measuring fair value, the Company reflects the impact of credit risk on liabilities, as well as any collateral. The Company also considers the credit standing of counterparties in measuring the fair value of assets.

The Company follows the provisions of ASC 820, Fair Value Measurements (“ASC 820”) for non-financial assets and liabilities measured on a non-recurring basis such as on a potential impairment loss related to long-lived assets and assets and liabilities acquired in a business combination.

The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

The three levels of the valuation hierarchy are defined as follows:

•

Level 1 – Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities.

•

Level 2 – Other inputs that are observable directly or indirectly such as quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability.

•

Level 3 – Unobservable inputs for which there is little or no market data and which the Company makes its own assumptions about how market participants would price the assets and liabilities.

A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

Cash and Cash Equivalents

The Company considers all highly liquid investments that are readily convertible into cash and have an original maturity of three months or less at the time of purchase to be cash equivalents.

Inventories, net

Inventories are stated at the lower of cost or net realizable value, with cost determined on a weighted average cost basis. The Company reduces the carrying value of inventories for items that are potentially excess, obsolete, or slow-moving based on changes in customer demand, technology developments, or other economic factors. These reserves are included within the raw materials and spare parts, work in process, and finished and semi-finished goods accounts.

Inventory costs for manufactured products consist primarily of direct labor and materials (including salary and fringe benefits, raw materials, and supplies) and indirect costs (including allocations of costs from departments that support manufacturing activities and facility allocations). The allocation of fixed production overhead costs is based on actual production levels, to the extent that they are within the range of the facility’s normal capacity. Inventory costs for products purchased for resale or manufactured under contract consist primarily of the purchase cost, freight-in charges, and indirect costs as appropriate.

The Company regularly evaluates its inventory to determine if the costs are appropriately recorded at the lower of cost or market value. Lower of cost or market value write-downs are recorded if the book value exceeds the estimated net realizable value of the inventory, based on recent sales prices at the time of the evaluation.

Property and Equipment, Net

Property and equipment are stated at cost and depreciated over the useful lives of the assets using the straight- line method except for leasehold improvements which are depreciated over the shorter of the useful life or the lease term. Useful lives by asset category are as follows:


	Years
Computer software and hardware	3 years
Machinery and equipment	5-10 years
Vehicles	5 years
Furniture and fixtures	3-5 years
Leasehold improvements	Shorter of remaining lease term or estimated useful life

Additions and improvements that extend the lives of the assets are capitalized, while expenditures for repairs and maintenance are expensed as incurred. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss are reflected in the accompanying consolidated statements of operations for the period.

Capitalized software, net

Software development costs are capitalized in accordance with ASC 350-40, Internal Use Software Accounting and Capitalization. Software development costs related to preliminary project activities and post-implementation and maintenance activities are expensed as incurred. Direct costs related to application development activities that are probable to result in additional functionality are capitalized. Capitalized software development costs are amortized using the straight-line amortization method over the estimated useful life of the applicable software, 5 years, from which the expected benefit will be derived.

Other intangible assets, net

Costs associated with the acquisition of patent and technology related intangibles are capitalized and amortized using the straight-line method over the estimated useful life of 10 years, from which the expected benefit will be derived.

Demonstration Units

The Company utilizes product demonstration units that are used to display the product’s capabilities and demonstrate how it works to potential customers or for other appropriate applications. The Company records and carries the cost of these demonstration units as either inventory or property and equipment depending on several factors including the nature of the product, length of time the units are in the field prior to being sold, and whether management’s intent is to sell the units. If the product demonstration units are classified as property and equipment, the balance will be carried net of accumulated depreciation.

Impairment of Long-Lived Assets, including intangible assets

Long-lived assets include acquired property and equipment, subject to amortization. The Company evaluates the recoverability of long-lived assets for possible impairment whenever events or changes in circumstances indicate that the related carrying amount may not be recoverable. Such events and changes may include significant changes in performance relative to expected operating results, significant changes in asset use, significant negative industry or economic trends, and changes in the Company’s business strategy. Recoverability is measured by a comparison of the carrying amount of an asset or asset group to the undiscounted future cash flows expected to be generated by the asset or asset group. When required, impairment losses on assets to be held and used are recognized based on the excess of the asset’s carrying amount over the fair value of the asset, while long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell.

Capitalized software costs and other intangible assets are tested for impairment whenever events or changes in circumstances that could impact recoverability occur.

For the years ended March 31, 2024 and 2023, the Company did not record any impairment losses.

Leases

The Company adopted the provisions of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 842 on April 1, 2021 using the modified retrospective approach and, as a result, did not restate prior periods. At the commencement of a contract, the Company determines if a contract meets the definition of a lease. A lease is a contract, or part of a contract, that conveys the right to control the use of identified property or equipment (an identified asset) for a period of time in exchange for consideration. The Company determines if the contract conveys the right to control the use of an identified asset for a period of time. The Company assesses throughout the period of use whether the Company has the following: (1) the right to obtain substantially all the economic benefits from use of the identified asset, and (2) the right to direct the use of the identified asset. This determination is reassessed if the terms of the contract are changed. Leases are classified as operating leases based on the terms of the lease agreement and certain characteristics of the identified asset. Right-of-use assets and lease liabilities are recognized at lease commencement date based on the present value of the minimum future lease payments. If the interest rate implicit in the Company’s leases is not readily determinable, in determining the weighted-average discount rate used to calculate the net present value of lease payments, the Company utilizes an estimate of its incremental borrowing rate.

The Company leases office space, vehicles and office equipment under operating leases. The Company has elected several practical expedients permitted under ASC 842. The Company has elected not to recognize right-of-use assets and liability for leases with a term of 12 months or less unless the lease includes an option to renew or purchase the underlying asset that are reasonably certain to be exercised. The Company has elected to account for lease and non-lease components as a single lease component for all of the Company's leases. The Company has elected to use hindsight relief in determining the lease term and assessing impairment of right-of-use assets when transitioning to ASC 842. The Company has elected to not re-evaluate existing or expired contracts containing a lease, the classification of leases, or the initial direct costs for any existing leases previously accounted for under ASC 840.

Most real estate leases contain clauses for renewal at the Company’s option with renewal terms that generally extend the lease term from six months to five years. Certain lease agreements contain options to purchase the leased property and options to terminate the lease. Payments to be made in option periods are recognized as part of the right-of-use lease assets and lease liabilities when it is reasonably certain that the option to extend the lease will be exercised or the option to terminate the lease will not be exercised or is not at the Company’s option. The Company determines whether the reasonably certain threshold is met by considering all relevant factors, including company-specific plans and economic outlook.

Contingencies

The Company records a liability in the consolidated financial statements for loss contingencies when a loss is known or considered probable, and the amount may be reasonably estimated. If the reasonable estimate of a known or probable loss is a range, and no amount within the range is a better estimate than any other, the minimum amount of the range is accrued. If a loss is reasonably possible but not known or probable, and may be reasonably estimated, the estimated loss or range of loss is disclosed. Legal costs incurred in connection with loss contingencies are expensed as incurred.

Public and Private Placement Warrants

The Company assumed 20,200,000 warrants originally issued in ATAK's initial public offering (the “Public Warrants”) and 6,470,000 ATAK Private Placement Warrants. Each two warrants entitles the registered holder to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment

The Public Warrants are publicly traded and are exercisable for cash unless certain conditions occur, such as the failure to have an effective registration statement related to the shares issuable upon exercise or redemption by the Company under certain conditions, at which time the warrants may be cashless exercised at the option of the

Company. The Private Placement Warrants have terms and provisions that are identical to the Public Warrants except that the Private Placement Warrants holder can exercise their Private Placement Warrants for cash or on a cashless basis when the Company call the warrants for redemption at the option of private placement warrant holders and that the Private Placement Warrants were not transferable, assignable or salable until 30 days after the completion of the Business Combination.

The Company evaluated the Public and Private Placement Warrants under ASC 815-40, Derivatives and Hedging-Contracts in Entity’s Own Equity (“ASC 815-40”), and concluded they meet the criteria for equity classification as they are considered to be indexed to the Company’s own stock. Since the Public and Private Placement Warrants met the criteria for equity classification upon the consummation of the Business Combination, the Company recorded these warrants in additional paid-in capital as part of the Business Combination.

Segment Information

The Company operates in one operating and reportable segment. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”), in deciding how to allocate resources and assess performance. The Company’s Chief Executive Officer is the Company’s CODM. The CODM reviews revenue at the geographic region level, and gross profit, operating income and expenses, and net income at the Company wide level to allocate resources and assess the Company’s overall performance. Accordingly, decision-making regarding the Company’s overall operating performance and allocation of Company resources is assessed on an aggregate basis.

Defined Benefit Plan

The Company sponsors defined a benefit pension plan (“pension plan”) for certain employees and retirees. The Company recognizes the funded status of its pension plan on the consolidated balance sheets based on the year-end measurements of plan assets and benefit obligations. When the fair value of plan assets is in excess of the plan benefit obligations, the amounts are reported in other current assets and other assets. When the fair value of plan benefit obligations is in excess of plan assets, the amounts are reported in accrued expenses and other long-term liabilities based on the amount by which the actuarial present value of benefits payable in the next twelve months included in the benefit obligation exceeds the fair value of plan assets.

Net periodic pension benefit cost/(income) is recorded in the consolidated statements of operations and includes service cost, interest cost, expected return on plan assets, amortization of prior service costs/(credits) and (gains) losses previously recognized as a component of other comprehensive income (loss) and amortization of the net transition asset remaining in accumulated other comprehensive income (loss). The service cost component of net benefit cost is recorded in selling, general and administrative in the consolidated statements of operations. The other components of net benefit cost are presented separately from service cost within other income (expense) in the consolidated statements of operations.

(Gains) losses and prior service costs/(credits) are recognized as a component of other comprehensive income (loss) in the consolidated statements of comprehensive loss as they arise. Those (gains) losses and prior service costs (credits) are subsequently recognized as a component of net periodic cost (income) pursuant to the recognition and amortization provisions of applicable accounting guidance. (Gains) losses arise as a result of differences between actual experience and assumptions or as a result of changes in actuarial assumptions. Prior service costs (credits) represent the cost of benefit changes attributable to prior service granted in plan amendments.

The measurement of benefit obligations and net periodic cost/(income) is based on estimates and assumptions approved by the company’s management. These valuations reflect the terms of the plans and use participant-specific information such as compensation, age, and years of service, as well as certain assumptions, including estimates of discount rates, expected return on plan assets, rate of compensation increases, interest crediting rates and mortality rates. See Note 14 for further information.

Acquisitions

In conjunction with each acquisition transaction, the Company determines if the acquisition meets the criteria to be accounted for as a business combination set forth in ASC 805, Business Combinations (“ASC 805”). The Company

evaluates the acquisition to assess whether or not the transaction should be accounted for as a business combination or asset acquisition by first applying a screen test to determine if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. If the screen is met, the transaction is accounted for as an asset acquisition. If the screen is not met, further determination is required as to whether or not the Company has acquired inputs and processes that have the ability to create outputs which would meet the definition of a business.

If the transaction is determined not to be a business combination, it is accounted for as an asset acquisition. For asset acquisitions, the Company allocates the purchase price and other related costs incurred to the assets acquired and liabilities assumed based on recent independent appraisals and management judgment.

If the acquisition is determined to be a business combination, the Company records the fair value of acquired tangible assets and identified intangible assets and as well as any noncontrolling interest in accordance ASC 805. Any consideration paid in excess of the net fair value of the identifiable assets and liabilities acquired in a business combination is recorded to goodwill and acquisition-related costs are expensed as incurred.

In October 2022, DIH acquired the SafeGait 360 and SafeGait Active smart mobility trainer systems from Gorbel, an innovative United States-based developer and manufacturer of smart material handling and fall protection equipment. The SafeGait acquisition was accounted for as an asset acquisition based on an evaluation of the U.S. GAAP guidance for business combinations. The total cost of the asset acquisition was $0.8 million, of which $0.1 million was paid upon closing. The Company made subsequent payments of $0.2 million in the first quarter of the year ending March 31, 2024. These subsequent payments and the $0.5 million contingent consideration liability is presented within accrued expenses and other current liabilities in the consolidated balance sheet as of March 31, 2024. The Company determined that the contingent consideration was not subject to derivative accounting.

Income Taxes

Income taxes are accounted for under the asset-and-liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities, as well as loss and tax credit carryforwards and their respective tax bases measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

A valuation allowance is established if, based upon the available evidence, it is more likely than not that some or all the deferred tax assets will not be realized. The Company considers all available evidence, both positive and negative, including historical levels of income, expectations and risks associated with estimates of future taxable income in assessing the need for a valuation allowance.

Deferred tax assets and deferred tax liabilities are presented as noncurrent in a classified balance sheet.

The Company’s tax positions are subject to income tax audits by multiple tax jurisdictions throughout the world. The Company recognizes the tax benefit of an uncertain tax position only if it is more likely than not the position will be sustainable upon examination by the taxing authority, including resolution of any related appeals or litigation processes. This evaluation is based on all available evidence and assumes that the tax authorities have full knowledge of all relevant information concerning the tax position. The tax benefit recognized is measured as the largest amount of benefit which is more likely than not (greater than 50% likely) to be realized upon ultimate settlement with the taxing authority. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in income tax expense (benefit). The Company adjusts these reserves in accordance with the income tax guidance when facts and circumstances change, such as the closing of a tax audit or the refinement of an estimate. To the extent that the final tax outcome of these matters is different from the amounts recorded, such differences will affect the provision for income taxes in the period in which such determination is made and could have a material impact on the Company’s financial condition and operating results.

Under the Tax Cuts and Jobs Act, the Global Intangible Low-Taxed Income (“GILTI”) provisions impose a tax on foreign income in excess of a deemed return on tangible assets of foreign corporations. Under GAAP, companies are allowed to make an accounting policy election to either (i) account for GILTI as a period cost within income tax

expense in the period in which it is incurred or (ii) account for GILTI in a company’s measurement of deferred taxes. The Company elected to account for GILTI as a period cost.

Loss per share

Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed based on the sum of the weighted average number of common shares and potentially dilutive common shares outstanding during the period.

For periods prior to the closing of the Business Combination, basic and diluted income (loss) per share was calculated based on the 25.0 million shares issued to DIH Nevada's shareholders at the Closing Date.

Emerging Growth Company

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the JOBS Act, and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is either not an emerging growth company or an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Accounting Pronouncements Recently Adopted and Recent Accounting Pronouncements Not Yet Adopted

Accounting Pronouncements Recently Adopted

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASC 326"). ASC 326 provides more decision-useful information about the expected credit losses on financial instruments, other commitments to extend credit held by a reporting entity at each reporting date, and requires the entity to estimate its credit losses as far as it can reasonably estimate. This update became effective for the Company on April 1, 2023. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.

Recent Accounting Pronouncements Not Yet Adopted

In August 2020, the FASB issued ASU No. 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470- 20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”), which simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP and simplifies the diluted earnings per share (“EPS”) calculation in certain areas. Under the new guidance there will be no separate accounting for embedded conversion features. It removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception. The amendments in this update are effective for the Company on April 1, 2024. Early adoption is permitted. We do not expect the adoption to have a material impact on our financial position or results of operations.

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. Update No. 2023-07 requires disclosure, on an annual and interim basis, of significant segment expenses that are regularly provided to the CODM and included within each reported measure of segment profit or loss in addition to disclosure of amounts for other segment items and a description of its composition. Update No. 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. We are currently evaluating the impact of adopting ASU 2023-07.

In December 2023, the FASB issued ASU No. 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09addresses investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. This update also includes certain other amendments to improve the effectiveness of income tax disclosures. The provisions of ASU 2023-09 are effective for annual periods beginning after December 15, 2024, with early adoption permitted. We are currently evaluating the impact of adopting ASU 2023-09.

Schedule of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Fixed operating lease costs	$ 1,766	$ 1,604
Short-term lease costs	13
Total lease cost	$ 1,779	$ 1,604

Components of Loss Before Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
U.S. operations	$ (11,652)	$ (4,806)
Non-U.S. operations	4,455	5,810
Income (loss) before income taxes	$ (7,197)	$ 1,004

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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+ Details

Employee Benefit Plans (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Multiemployer Plan [Line Items]
Defined contribution plan expenses	$ 119	$ 105
Defined benefit plans description	The plans offer to members at the normal retirement age of 65 a choice between a lifetime pension and a partial or full lump sum payment. Participants can choose to draw early retirement benefits starting from the age of 58 but can also continue employment and remain active members of the plan until the age of 70. Employees can make additional purchases of benefits to fund early retirement benefits. The pension amount payable to a participant is calculated by applying a conversion rate to the accumulated balance of the participant’s retirement savings account at the retirement date. The balance is based on credited vested benefits transferred from previous employers, purchases of benefits, and the employee and employer contributions that have been made to the participant’s retirement savings account, as well as the interest accrued. The annual interest rate credited to participants is determined by the Pension Foundation Board at the end of each year.
2025	$ 43
Pension Plan [Member]
Multiemployer Plan [Line Items]
2025	$ 652

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Schedule of Capitalized Software and Other Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Disclosure Capitalized Software Net And Other Intangible Assets Net Abstract
Gross Carrying Amount, Capitalized software	$ 2,131	$ 2,019
Accumulated Amortization, Capitalized software
Net Carrying Amount, Capitalized software	2,131	2,019
Gross Carrying Amount, Other intangible assets	380	380
Accumulated Amortization, Other intangible assets
Net Carrying Amount, Other intangible assets	$ 380	$ 380

Summary of Reconciliation of Income Tax Expense Computed at Statutory Corporate Income Tax Rate to Effective Income Tax Rate (Details)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Tax expense computed at federal statutory rate	21.00%	21.00%
State tax	6.40%	(12.70%)
Change in valuation allowance	11.60%	80.00%
Foreign rate differential	9.20%	(7.70%)
Non-deductible expenses	(15.20%)	62.60%
Uncertain Tax Positions	(53.50%)	52.30%
Other	3.20%	5.50%
Total income tax expense	(17.30%)	201.00%

Summary of Significant Accounting Policies

12 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of Presentation

While the Company’s businesses have historically functioned together with the other businesses controlled by DIH Cayman, the Company’s businesses are largely isolated and not dependent on corporate or other support functions. DIH Cayman did not have significant corporate or operational activity and does not have shared services that it provides to its subsidiaries. The Company considered allocations from the DIH Cayman and its subsidiaries but they are insignificant because of the organizational structure such that the Company has been operating on a standalone basis historically.

All intercompany balances, transactions and profits are eliminated in consolidation.

Foreign Currency Reporting

Use of Estimates

Concentration of Credit Risk

Revenue Recognition

Warranties

A reconciliation of the changes in manufacturing warranty obligation is as follows:


	Years Ended March 31,
	2024			2023
Balance as of beginning of period	$	973		$	836
Current-year provisions		1,139			973
Reductions for settlements		(973	)		(836	)
Adjustments related to changes in estimates		(626	)		-
Balance as of end of period	$	513		$	973

Cost of Sales

customers, inbound freight costs, warehousing costs and other shipping and handling activity, excluding shipping and handling to customers.

Selling, General and Administrative Expenses

Research and Development

Accounts Receivable, net

The following table presents the allowance for credit loss and the changes therein:


Balance as of March 31, 2023	$	1,683
CECL implementation		(547	)
Recoveries		(704	)
Credit loss expense		279
Write-offs		(44	)
Balance as of March 31, 2024	$	667

Fair Value Measurements

The three levels of the valuation hierarchy are defined as follows:

•

Level 1 – Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities.

•

Level 3 – Unobservable inputs for which there is little or no market data and which the Company makes its own assumptions about how market participants would price the assets and liabilities.

Cash and Cash Equivalents

The Company considers all highly liquid investments that are readily convertible into cash and have an original maturity of three months or less at the time of purchase to be cash equivalents.

Inventories, net

Property and Equipment, Net


	Years
Computer software and hardware	3 years
Machinery and equipment	5-10 years
Vehicles	5 years
Furniture and fixtures	3-5 years
Leasehold improvements	Shorter of remaining lease term or estimated useful life

Capitalized software, net

Other intangible assets, net

Demonstration Units

Impairment of Long-Lived Assets, including intangible assets

Capitalized software costs and other intangible assets are tested for impairment whenever events or changes in circumstances that could impact recoverability occur.

For the years ended March 31, 2024 and 2023, the Company did not record any impairment losses.

Leases

Contingencies

Public and Private Placement Warrants

Segment Information

Defined Benefit Plan

Acquisitions

Income Taxes

Deferred tax assets and deferred tax liabilities are presented as noncurrent in a classified balance sheet.

expense in the period in which it is incurred or (ii) account for GILTI in a company’s measurement of deferred taxes. The Company elected to account for GILTI as a period cost.

Loss per share

Emerging Growth Company

Accounting Pronouncements Recently Adopted

Recent Accounting Pronouncements Not Yet Adopted

Net Loss Per Share

12 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Net Loss Per Share

Basic income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted income (loss) per share is computed based on the sum of the weighted average number of common shares and dilutive common shares outstanding during the period. As described in Note 1 - Business and Organization earnout shares issued in connection with the Business Combination are subject to vesting based on the volume weighted average trading prices (“VWAP”) of common shares during the earnout period. The earnout shares are excluded from the calculation of basic and diluted weighted-average number of common shares outstanding until vested. For periods prior to the Business Combination, basic and diluted loss per share was calculated based on the 25.0 million shares issued to Legacy DIH shareholders at the Closing Date. Potential shares of common stock are excluded from the computation of diluted net loss per share if their effect would have been anti-dilutive for the periods presented or if the issuance of shares is contingent upon events that did not occur by the end of the period.

As of March 31, 2024, there were 34,544,935 shares of Common Stock issued and outstanding, excluding earnout shares.

Computation of basic and diluted net loss per share for the years ended March 31, 2024 and 2023, is as follows (in thousands, except share and per share amounts):


	Years Ended March 31,
	2024			2023
Net loss	$	(8,443	)	$	(1,014	)
Weighted-average shares outstanding, basic and diluted		26,382,190			25,000,000
Net loss per share – basic and diluted	$	(0.32	)	$	(0.04	)


	March 31,
	2024		2023
Earnout shares		6,000,000		—
Common Stock underlying Public Warrants		10,100,000		—
Common Stock underlying Private Placement Warrants		3,235,000		—
Total		19,335,000		—

Leases (Tables)

12 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Right-of-use Lease Assets and Lease Liabilities

Right-of-use lease assets and lease liabilities that are reported in the Company’s consolidated balance sheet as of March 31, 2024 and 2023 are as follows:


	As of March 31,
	2024		2023
Operating lease, right-of-use assets, net	$	4,466	$	2,604

Current portion of long-term operating lease		1,572		1,005
Long-term operating lease		2,917		1,621
Total operating lease liabilities	$	4,489	$	2,626

Schedule of Lease Expense


	Years Ended March 31,
	2024		2023
Fixed operating lease costs	$	1,766	$	1,604
Short-term lease costs		13		—
Total lease cost	$	1,779	$	1,604

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:


	Years Ended March 31,
	2024			2023
Operating cash flows included in the measurement of lease liabilities	$	(1,786	)	$	(1,659	)
Non-cash lease activity related to right-of-use assets obtained in exchange for new operating lease liabilities		406			128
Other non-cash changes to ROU assets due to reassessment of the lease term		2,946		—

Schedule of Weighted Average Remaining Lease Term and Discount Rate

The weighted average remaining lease term and discount rate for the Company’s operating leases as of March 31, 2024 and 2023 were:


	2024			2023
Weighted-average remaining lease term (in years)		2.63			2.77
Weighted-average discount rate		4.00	%		4.00	%

Schedule of Maturities of Operating Lease Liabilities

As of March 31, 2024, maturities of operating lease liabilities for each of the following five years ending March 31 and a total thereafter were as follows:


	Operating Leases
2025	$	1,717
2026		1,181
2027		899
2028		893
2029		111
Thereafter		—
Total lease payments		4,801
Less: imputed interest		(312	)
Total lease liability	$	4,489

Consolidated Statements of Comprehensive Loss (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Foreign currency translation adjustments, net of tax	$ 0	$ 0
Pension liability adjustments, net of tax	$ 0	$ 0

Summary of Allowance for Credit Loss and Changes (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2024 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 1,683
CECL implementation	(547)
Recoveries	(704)
Credit loss expense	279
Write-offs	(44)
Ending balance	$ 667

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Allowance for accounts receivable	$ 667	$ 1,683
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	10,000,000	0
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	25,000,000
Common stock, shares, issued	34,544,935	25,000,000
Common stock, shares, outstanding	34,544,935	25,000,000

Income Taxes (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Net operating loss carryforwards in U.S.	$ 5,000	$ 2,453
Net operating loss carryforwards expire starting in 2035	$ 761
Operating loss carryforwards in U.S. expiration year	2035
U.S. state tax effected net operating loss carryforwards	$ 1,169	464
U.S. state tax effected net operating loss carryforwards expiration year	2035
Foreign tax effected net operating loss carryforwards	$ 912	4,946
Foreign tax effected net operating loss carryforwards, period	7 years
Unrecognized tax benefits would affect annual effective tax rate	$ 3,499	0
Income tax expense, accrued interest and penalties	159	0
Accrual balances	$ 1,200	$ 1,000
Income tax examination, description	The Company is subject to taxation in Switzerland, the U.S., and other jurisdictions of its foreign subsidiaries. As of March 31, 2024, tax years 2020, 2021, and 2022 are subject to examination by the tax authorities in the U.S. The Company is not currently under examination by tax authorities in any jurisdiction.
Tax years, subject to examination	2020 2021 2022

Capitalized Software, Net and Other Intangible Assets, Net (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disclosure Capitalized Software Net And Other Intangible Assets Net Abstract
Other intangible assets	$ 380	$ 380
Weighted average useful lives of intangible assets		10 years
Capitalized software, weighted-average useful life	5 years

Schedule of Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
2025	$ 1,717
2026	1,181
2027	899
2028	893
2029	111
Thereafter
Total lease payments	4,801
Less: imputed interest	(312)
Total lease liability	$ 4,489	$ 2,626

Condensed Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
Condensed Statements of Cash Flows - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net loss	$ (8,443)	$ (1,014)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	302	66
Provision for credit losses	(1,016)	669
Allowance for inventory obsolescence	617	(1,639)
Noncash business combination expense	3,514
Pension contributions	(530)	(569)
Pension (income) expense	(75)	(400)
Foreign exchange (gain) loss	376	(584)
Noncash lease expense	1,590	1,423
Noncash interest expense	28	19
Change in manufacturing warranty obligation estimate	(626)	0
Deferred and other noncash income tax expense	(304)	58
Changes in operating assets and liabilities:
Accounts receivable	1,853	(514)
Inventories	(3,259)	518
Due from related parties	1,018	(969)
Due to related parties	3,337	2,471
Other assets	(229)	(1,805)
Operating lease liabilities	(1,782)	(1,448)
Accounts payable	2,920	38
Employee compensation	(551)	(151)
Other liabilities	970	(96)
Deferred revenue	(90)	4,059
Manufacturing warranty obligation	163	160
Advance payments from customers	4,338	2,083
Accrued expense and other current liabilities	1,071	3,126
Net cash provided by operating activities	5,192	5,501
Cash flows from investing activities:
Purchases of property and equipment	(202)	(145)
Net cash used in investing activities	(202)	(145)
Cash flows from financing activities:
Proceeds from reverse recapitalization	899
Payments on related party notes payable	(5,844)	(4,053)
Net cash used in financing activities	(4,945)	(4,053)
Effect of currency translation on cash and cash equivalents	5	(61)
Net increase in cash, and cash equivalents, and restricted cash	50	1,242
Cash, and cash equivalents, and restricted cash - beginning of year	3,175	1,933
Cash, and cash equivalents, and restricted cash - end of year	3,225	3,175
Cash and cash equivalents - end of year	3,225	3,175
Restricted cash - end of year
Total cash, and cash equivalents, and restricted cash - end of year	3,225	3,175
Supplemental disclosure of cash flow information:
Interest paid	665	258
Income tax paid		210
Supplemental disclosure of non-cash investing and financing activity:
Accrued liability related to asset acquisition		533
Accounts payable settled through escrow account upon reverse recapitalization	$ 1,439

Schedule of Pension Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Retirement Benefits [Abstract]
Current service cost	$ 655	$ 678
Interest cost	213	129
Expected return on plan assets	(296)	(194)
Actuarial loss / (gain) recognized	(161)	(179)
Actuarial loss / (gain) recognized because of settlement	(341)	(699)
Amortization of prior service credit	(145)	(135)
Net charge to statement of operations	$ (75)	$ (400)

Subsequent Events

12 Months Ended

Mar. 31, 2024

Subsequent Events [Abstract]

Subsequent Events

19.

Subsequent Events

On June 6, 2024, the Company entered into a Securities Purchase Agreement, pursuant to which the Company issued $3.3 million in principal amount of 8% Original Issue Discount Senior Secured Convertible Debentures (the “Debentures”). The Debentures were issued with an original issue discount of $300 thousand, resulting in gross proceeds of approximately $3 million and net proceeds of approximately $2.5 million after deducting estimated offering expenses.

The Debentures are convertible into an aggregate of 660,000 shares of the Company’s Common Stock at a conversion price of $5.00 per share, subject to adjustment. The Debentures mature on December 7, 2025, and bear interest at a rate of 8% per annum, payable monthly beginning one year from the issuance date.

Provided that no event of default has occurred or is continuing, and at least 33% of the principal amount of the Debentures has either previously been repaid or converted in accordance with the terms of the Debenture, the Company may elect, by notice to the holder of the Debentures, to extend the Maturity Date by six months upon the payment of six months’ interest on the then-outstanding principal amount.

The Debentures are secured by substantially all of the assets of the Company and its domestic subsidiaries, excluding certain specified assets. Additionally, the Company’s domestic subsidiaries have provided an unconditional guarantee of the Debentures. In connection with the issuance of the Debentures, the Company also issued warrants to purchase an aggregate of 330,000 shares of common stock at an exercise price of $5.00 per share, with a five-year term.

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net loss	$ (8,443)	$ (1,014)
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	1,455	(503)
Pension liability adjustments	(1,116)	(421)
Other comprehensive (loss) income	339	(924)
Comprehensive loss	$ (8,104)	$ (1,938)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Employee Benefit Plans (Tables)

12 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Schedule of Pension Plans

Amounts recognized in the consolidated statements of operations for the years ended March 31, 2024 and 2023, in respect of the Pension Plan were as follows:


	Years Ended March 31,
	2024			2023
Current service cost	$	655		$	678
Interest cost		213			129
Expected return on plan assets		(296	)		(194	)
Actuarial loss / (gain) recognized		(161	)		(179	)
Actuarial loss / (gain) recognized because of settlement		(341	)		(699	)
Amortization of prior service credit		(145	)		(135	)
Net charge to statement of operations	$	(75	)	$	(400	)

Schedule of Employee Defined Benefits Obligations and Plan Assets

Details of the employee defined benefits obligations and plan assets in respect of the Pension Plan are as follows:


	Years Ended March 31,
	2024			2023
Change in present value of defined benefit obligation:
Defined benefit obligation at the beginning of the year	$	9,337		$	9,500
Interest on defined obligation	213			129
Current service cost	655			678
Contributions by plan participants	444			476
Translation (gain) loss		534			(20	)
Benefits paid		(289	)		(1,095	)
Actuarial loss arising on projected benefit obligation		118			(331	)
Defined benefit obligation at the end of the year	$	11,012		$	9,337
Change in plan assets:
Fair value of plan assets at the beginning of the year	$	7,761		$	7,353
Actual return on plan assets		(68	)		457
Contributions by the employer	530			569
Contributions by plan participants	444			476
Benefits paid		(289	)		(1,095	)
Translation loss		440			1
Fair value of plan assets - at the end of the year	$	8,818		$	7,761
Funded status at end of the year	$	(2,194	)	$	(1,576	)

Schedule of Defined Benefit Plans with Accumulated Benefit Obligations in Excess of Plan Assets

Amounts relating to these defined benefit plans with accumulated benefit obligations in excess of plan assets were as follows:


	As of March 31,
	2024		2023
Accumulated benefit obligation	$	10,686	$	9,049
Fair value of plan assets	$	8,818	$	7,761

Schedule of Amounts Recognized in Balance Sheet

Amounts recognized in the Company’s consolidated balance sheet related to the present value of defined benefit obligations consist of the following:


	As of March 31,
	2024		2023
Current liabilities		—		—
Non-current liabilities		2,194		1,576
Total recognized in the consolidated balance sheet	$	2,194	$	1,576

Schedule of Amounts Recorded in Accumulated Other Comprehensive Income (Loss)

Amounts recorded in accumulated other comprehensive income (loss) in respect of the pension plan consist of the following:


	Years Ended March 31,
	2024		2023
Net gain (loss)	$	1,633	$	2,610
Prior service (cost) credit	837		976
Total recorded in accumulated other comprehensive income	$	2,470	$	3,586

Schedule of Principal Assumptions Used for the Purpose of Actuarial Valuation

The principal assumptions used for the purpose of actuarial valuation of the pension plan are as follows:


	As of March 31,
	2024			2023
Discount rate		1.50	%		2.10	%
Expected return on plan assets		3.50	%		3.50	%
Expected rate of salary increase		1.00	%		1.00	%

Schedule of Weighted Average Asset Allocation

The table below represents the Company's pension plan’ weighted-average asset allocation as of March 31, 2024 and 2023 by asset category:


	As of March 31,
	2024			2023
Equity securities		36.58	%		33.99	%
Debt securities		28.16	%		26.43	%
Other, primarily cash and cash equivalents, senior loans and mutual funds		35.26	%		39.58	%

The table below presents the target allocation for each major asset category for the Company's pension plan for the years ended March 31, 2024 and 2023:


	Years Ended March 31,
	2024			2023
Equity securities		34.00	%		34.00	%
Debt securities		28.50	%		28.00	%
Other, primarily cash and cash equivalents, senior loans and mutual funds		37.50	%		38.00	%

Schedule of Fair Value of Plan Assets

The following tables provides the fair value of plan assets held by the Company’s pension plan by asset category and by fair value hierarchy level:


	As of March 31, 2024
	Level 1		Level 2		Level 3			Total
Cash and cash equivalents	$	106	$	—		$	—		$	106
Equity securities		3,316		—			—			3,316
Debt securities		2,310		—			—			2,310
Real estate		—		1,851			—			1,851
Non-traditional assets		—		1,235			—			1,235
Total	$	5,732	$	3,086		$	—		$	8,818


	As of March 31, 2023
	Level 1		Level 2		Level 3			Total
Cash and cash equivalents	$	186		—	$		—			186
Equity securities		2,763		—			—			2,763
Debt securities		1,987		—			—			1,987
Real estate		—		1,855			—			1,855
Non-traditional assets		—		970			—			970
Total	$	4,936	$	2,825		$	—		$	7,761

Schedule of Expected Pension Plan Payments

The following table presents expected pension plan payments over the next 10 years:


	Amount
Year Ending March 31,
2025	$	43
2026		252
2027		81
2028		88
2029		95
2030-2034		1,059

Accumulated Other Comprehensive Income

12 Months Ended

Mar. 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income

18.

Accumulated Other Comprehensive Income

The changes in accumulated other comprehensive income (loss) by component are summarized below:


	Foreign Currency Translation			Defined Benefit Plan Items			Total Accumulated Other Comprehensive (Loss) Income
Balance at March 31, 2022	$	(3,372	)	$	4,007		$	635
Other comprehensive income (loss) before reclassifications		(503	)		592			89
Reclassifications to statements of earnings		—			(1,013	)		(1,013	)
Total other comprehensive loss		(503	)		(421	)		(924	)
Balance, March 31, 2023		(3,875	)		3,586			(289	)
Other comprehensive income (loss) before reclassifications		1,455			(469	)		986
Reclassifications to statements of earnings		—			(647	)		(647	)
Total other comprehensive income (loss)		1,455			(1,116	)		339
Balance, March 31, 2024	$	(2,420	)	$	2,470		$	50

Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Total revenue, net	$ 64,473	$ 54,059
Devices [Member]
Disaggregation of Revenue [Line Items]
Total revenue, net	51,125	43,452
Service [Member]
Disaggregation of Revenue [Line Items]
Total revenue, net	11,105	9,292
Other [Member]
Disaggregation of Revenue [Line Items]
Total revenue, net	$ 2,243	$ 1,315

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

+ References

+ Details

Accumulated Other Comprehensive Income - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, value	$ (28,954)	$ (26,894)
Total other comprehensive income (loss)	339	(924)
Balance, value	(32,546)	(28,954)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, value	(3,875)	(3,372)
Other comprehensive income (loss) before reclassifications	1,455	(503)
Reclassifications to statements of earnings
Total other comprehensive income (loss)	1,455	(503)
Balance, value	(2,420)	(3,875)
Defined Benefit Plan Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, value	3,586	4,007
Other comprehensive income (loss) before reclassifications	(469)	592
Reclassifications to statements of earnings	(647)	(1,013)
Total other comprehensive income (loss)	(1,116)	(421)
Balance, value	2,470	3,586
Total Accumulated Other Comprehensive (Loss) Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, value	(289)	635
Other comprehensive income (loss) before reclassifications	986	89
Reclassifications to statements of earnings	(647)	(1,013)
Total other comprehensive income (loss)	339	(924)
Balance, value	$ 50	$ (289)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

+ Details

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Mar. 31, 2024	Jun. 30, 2024	Sep. 30, 2023
Entity Addresses [Line Items]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--03-31
Entity File Number	001-41250
Entity Registrant Name	DIH HOLDING US, INC.
Entity Central Index Key	0001883788
Entity Tax Identification Number	98-1624542
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	77 Accord Park Drive
Entity Address, Address Line Two	Suite D-1
Entity Address, City or Town	Norwell
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02061
City Area Code	(617)
Local Phone Number	871-2101
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction	false
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 60,871,668
Entity Common Stock, Shares Outstanding		40,544,935
Auditor Firm ID	5988
Auditor Name	BDO AG
Auditor Location	Zurich, Switzerland
Documents Incorporated by Reference [Text Block]	DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive Proxy Statement for the 2024 Annual Meeting of Stockholders to be filed with the U.S. Securities and Exchange Commission pursuant to Regulation 14A not later than 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K are incorporated by reference in Part III of this Annual Report on Form 10-K.
Common Class A [Member]
Entity Addresses [Line Items]
Title of 12(b) Security	Class A Common Stock
Trading Symbol	DHAI
Security Exchange Name	NASDAQ
Warrant [Member]
Entity Addresses [Line Items]
Title of 12(b) Security	Warrants
Trading Symbol	DHAIW
Security Exchange Name	NASDAQ

Revenue Recognition

12 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue Recognition

The Company's revenues are derived from the sales of medical rehabilitation devices and technology services. The Company's primary customers include healthcare systems, clinics, third-party healthcare providers, distributors, and other institutions, including governmental healthcare programs and group purchasing organizations.

Disaggregation of Revenue


	Years Ended March 31,
	2024		2023
Devices	$	51,125	$	43,452
Services		11,105		9,292
Other		2,243		1,315
Total revenue, net	$	64,473	$	54,059

The revenue that is recognized at a point in time was primarily related to the revenues from devices and the revenue that is recognized over time was related to revenue from services. Other revenue primarily relates to freight and packaging on devices and recognized at a point in time.

Deferred Revenue and Remaining Performance Obligations

Deferred revenue as of March 31, 2024 and 2023 was $9,881 and $9,996, respectively. During the years ended March 31, 2024 and 2023, the Company recognized $7,405 and $5,358 of revenue that was included in deferred revenue as of March 31, 2023 and March 31, 2022, respectively. Remaining performance obligations include goods and services that have not yet been delivered or provided under existing, noncancelable contracts with minimum purchase commitments. As of March 31, 2024 and 2023, the aggregate amount of the contracted revenue allocated to unsatisfied performance obligations with an original duration of one year or more was approximately $4,670 and $2,698, respectively. As of March 31, 2024, the Company expects to recognize revenue on the majority of these remaining performance obligations over the next 2 years.

Advance Payments From Customers

The Company receives advance payments related to customers from their orders to support the operation of the company in the production of the goods. The Company recognizes these prepayments as a liability under “Advance payments from customers” on the consolidated balance sheets when they are received. Revenue associated with the advance payments is recognized when performance obligation is fulfilled. Advance payments from customers was $10.6 million and $6.3 million as of March 31, 2024 and 2023, respectively.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Deferred tax assets:
Net operating loss carryforwards	$ 6,793	$ 6,483
Pension	422	323
Accrued expenses	35	138
Section 163(j) interest expense carryforward	84	165
Capitalized R&D	332	689
GAAP to statutory adjustments	741	686
Other	217	152
Total gross deferred tax assets	8,624	8,636
Less: valuation allowance	(8,139)	(8,264)
Total deferred tax assets, net of valuation allowance	485	372
Deferred tax liabilities:
Depreciation	6	7
GAAP to statutory adjustments	418	424
Other	173	51
Total gross deferred tax liabilities	597	482
Net deferred tax liabilities	$ 112	$ 110

Schedule of Weighted Average Asset Allocation (Details)	Mar. 31, 2024	Mar. 31, 2023
Equity Securities [Member]
Restructuring Cost and Reserve [Line Items]
Other, primarily cash and cash equivalents, senior loans and mutual funds	36.58%	33.99%
Other, primarily cash and cash equivalents, senior loans and mutual funds	34.00%	34.00%
Debt Securities [Member]
Restructuring Cost and Reserve [Line Items]
Other, primarily cash and cash equivalents, senior loans and mutual funds	28.16%	26.43%
Other, primarily cash and cash equivalents, senior loans and mutual funds	28.50%	28.00%
Cash and Cash Equivalents and Hedge Funds [Member]
Restructuring Cost and Reserve [Line Items]
Other, primarily cash and cash equivalents, senior loans and mutual funds	35.26%	39.58%
Other, primarily cash and cash equivalents, senior loans and mutual funds	37.50%	38.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Inventories, Net (Tables)

12 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Schedule of Inventories, Net

As of March 31, 2024 and 2023, inventories, net, consisted of the following:


	As of March 31,
	2024			2023
Raw materials and spare parts	$	3,882		$	4,619
Work in process		4,769			1,105
Finished goods		1,283			613
Less: reserves		(2,104	)		(1,487	)
Total inventories, net	$	7,830		$	4,850

Related Party Transactions (Details Narrative) $ in Thousands			12 Months Ended
	Jul. 12, 2021 USD ($)	Jul. 01, 2021 USD ($) Membership shares	Mar. 31, 2024 USD ($) Employees	Mar. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Debt instrument interest rate			1.25%
Debt instrument, maturity date			Jun. 30, 2026
Due to related parties current			$ 10,192	$ 6,841
Net transactions with parent				122
Related Party [Member]
Related Party Transaction [Line Items]
Notes payable - related party			11,457	17,301
Aggregate debt			$ 11,457	17,301
Hocoma AG [Member]
Related Party Transaction [Line Items]
Number of employees managing MDR certification \| Employees			2
Original contribution agreement date		Jul. 01, 2021
Number of employees provided services for business \| Employees			2
Net settlement amount			$ (267)	1,992
Long-term related party receivable			324	324
Motek Group [Member]
Related Party Transaction [Line Items]
Due to related party			8,667	5,530
Purchases amount to related party			13,599	11,869
Due from related party			3,367	1,934
DIH Hong Kong [Member]
Related Party Transaction [Line Items]
Due to related party			1,470	1,311
Due from related party			$ 2,586	$ 2,456
Contribution Agreement [Member] \| Hocoma AG [Member]
Related Party Transaction [Line Items]
Original contribution agreement date		Jul. 01, 2021
Contribution Agreement [Member] \| Hocoma Medical GmbH [Member]
Related Party Transaction [Line Items]
Original contribution agreement amount		$ 10,470
Contribution Agreement [Member] \| DIH US Corporation [Member]
Related Party Transaction [Line Items]
Number of shares issued in transaction \| shares		10,000
Transfer of Membership Interests Agreement [Member] \| DIH Holding US, Inc. [Member]
Related Party Transaction [Line Items]
Original contribution agreement amount		$ 10,470
Number of membership interests in subsidiary \| Membership		200
Term of membership interest note		5 years
Debt instrument interest rate		1.25%
Debt instrument, maturity date		Jun. 30, 2026
Share Purchase Agreement [Member] \| DIH Nevada [Member]
Related Party Transaction [Line Items]
Original contribution agreement amount		$ 7,800
Number of shares issued in transaction \| shares		10,000
Term of membership interest note		5 years
Debt instrument interest rate		1.25%
Debt instrument, maturity date		Jun. 30, 2026
Business/Asset, Share, and IP Purchase Agreement [Member] \| Hocoma AG [Member]
Related Party Transaction [Line Items]
Term of membership interest note	5 years
IP rights and trademarks	$ 1,570
Debt instrument interest rate	1.25%
Debt instrument, maturity date	Jun. 30, 2026

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	16. Commitments and Contingencies From time to time, the Company may be involved in lawsuits, claims, investigations, and proceedings, consisting of intellectual property, commercial, employment, and other matters, which arise in the ordinary course of business. In accordance with ASC 450, Contingencies, the Company makes a provision for a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. The Company is not presently a party to any litigation the outcome of which, it believes, if determined adversely to the Company, would individually or taken together, have a material adverse effect on the Company’s business, operating results, cash flows or financial condition. The Company has determined that the existence of a material loss is neither probable nor reasonably possi

Income Taxes

12 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

15.

Income Taxes

The components of loss before income tax for the years ended March 31, 2024 and 2023 were as follows:


	Year ended March 31,
	2024			2023
U.S. operations	$	(11,652	)	$	(4,806	)
Non-U.S. operations		4,455			5,810
Total loss before income taxes	$	(7,197	)	$	1,004

The provision for income taxes during the years ended March 31, 2024 and 2023 consists of the following:


	Year ended March 31,
	2024		2023
Current:
State	$	—	$	—
Federal		—		—
Foreign		347		1,435
Deferred:		—		—
State		—		—
Federal		1		58
Foreign

Noncurrent:
State		—		—
Federal		200		525
Foreign		698		—
Total	$	1,246	$	2,018

A reconciliation of income tax expense computed at the statutory corporate income tax rate to the effective income tax rate for the years ended March 31, 2024 and 2023 is as follows:


	Year ended March 31,
	2024			2023
Tax expense computed at federal statutory rate		21.0	%		21.0	%
State tax		6.4	%		(12.7	)%
Change in valuation allowance		11.6	%		80.0	%
Foreign rate differential		9.2	%		(7.7	)%
Non-deductible expenses		(15.2	)%		62.6	%
Uncertain Tax Positions		(53.5	)%		52.3	%
Other		3.2	%		5.5	%
Total income tax expense		(17.3	)%		201.0	%


	Year ended March 31,
	2024			2023
Deferred tax assets:
Net operating loss carryforwards	$	6,793		$	6,483
Pension		422			323
Accrued expenses		35			138
Section 163(j) interest expense carryforward		84			165
Capitalized R&D		332			689
GAAP to statutory adjustments		741			686
Other		217			152
Total gross deferred tax assets		8,624			8,636
Less: valuation allowance		(8,139	)		(8,264	)
Total deferred tax assets, net of valuation allowance	$	485		$	372
Deferred tax liabilities:
Depreciation	$	6		$	7
GAAP to statutory adjustments		418			424
Other		173			51
Total gross deferred tax liabilities		597			482
Net deferred tax liabilities	$	112		$	110

The valuation allowance for deferred tax assets as of March 31, 2024 and 2023 primarily relates to net operating loss and interest deduction limitation carryforwards that, in the judgment of the Company, are not more-likely-than-not to be realized.

In assessing the realizability of deferred tax assets, the Company considers whether it is more-likely-than-not that some portion or all the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company considers the scheduled reversal of deferred tax liabilities (including the impact of available carryback and carryforward periods), projected future taxable income, and tax-planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible, the Company believes it is more-likely-than-not that it will realize the benefits of these deductible differences, net of the existing valuation allowances as of March 31, 2024 and 2023.

As of March 31, 2024 and 2023, the Company has tax effected net operating loss carryforwards in U.S. of $5,000 and $2,453, respectively, of which $761 will expire starting in 2035 and the remainder which can be carried forward indefinitely. As of March 31, 2024 and 2023, the Company has U.S. state tax effected net operating loss carryforwards of approximately $1,169 and $464 that, if unused, will expire starting in 2035. As of March 31, 2024 and 2023, the Company has other foreign tax effected net operating loss carryforwards of $912 and $4,946 of which the majority can be carried forward seven years.

The Company prepares its financial statements on a consolidated basis. Income tax expense is calculated in accordance with the local tax laws of each entity in its relevant jurisdiction on a separate company basis.

A reconciliation of beginning and ending amount of unrecognized tax liability is presented below:


	Year ended March 31,
	2024		2023
Unrecognized Tax Liability – beginning balance	$	—	$	—
Net Increases – tax positions in current year		—		—
Net Increases – tax positions in prior year		3,499
Total income tax expense	$	3,499		—

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Schedule of Weighted Average Remaining Lease Term and Discount Rate (Details)	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term (in years)	2 years 7 months 17 days	2 years 9 months 7 days
Weighted-average discount rate	4.00%	4.00%

Property and Equipment, Net (Tables)

12 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net

Property and equipment, net as of March 31, 2024 and 2023 consisted of the following:


	As of March 31,
	2024			2023
Computer software and hardware	$	849		$	802
Machinery and equipment		807			661
Leasehold improvements		1,357			1,249
Furniture and fixtures		871			818
Vehicles		70			55
Demonstration units		222			466
Property and equipment		4,176			4,051
Less: accumulated depreciation		(3,646	)		(3,309	)
Property and equipment, net	$	530		$	742

Insider Trading Arrangements	12 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Capitalized Software, Net and Other Intangible Assets, Net (Tables)

12 Months Ended

Mar. 31, 2024

Disclosure Capitalized Software Net And Other Intangible Assets Net Abstract

Schedule of Capitalized Software and Other Intangible Assets

Capitalized software, net and other intangible assets, net as of March 31, 2024 and 2023 consisted of the following:


	2024						2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Capitalized software	$	2,131	$	—	$	2,131	$	2,019	$	—	$	2,019
Other intangible assets	$	380	$	—	$	380	$	380	$	—	$	380

Schedule of Estimated Annual Amortization for Intangible Assets

Estimated annual amortization for intangible assets over the next five years are as follows:


	2025		2026		2027		2028		2029
Estimated annual amortization	$	90	$	464	$	464	$	464	$	464

Schedule of Antidilutive Securities Excluded From Computation of Net Loss Per Share (Details) - shares	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	19,335,000
Earnout Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	6,000,000
Common Stock underlying Public Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	10,100,000
Common Stock underlying Private Placement Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	3,235,000

Inventories, Net

12 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Inventories, Net

As of March 31, 2024 and 2023, inventories, net, consisted of the following:


	As of March 31,
	2024			2023
Raw materials and spare parts	$	3,882		$	4,619
Work in process		4,769			1,105
Finished goods		1,283			613
Less: reserves		(2,104	)		(1,487	)
Total inventories, net	$	7,830		$	4,850

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 64,473	$ 54,059
Cost of sales	34,702	23,474
Gross profit	29,771	30,585
Operating expenses:
Selling, general, and administrative expense	25,776	22,957
Research and development	6,609	6,919
Total operating expenses	32,385	29,876
Operating income (loss)	(2,614)	709
Other income (expense):
Interest (expense)	(693)	(277)
Other income (expense), net	(3,890)	572
Total other income (expense)	(4,583)	295
Income (loss) before income taxes	(7,197)	1,004
Income tax expense	1,246	2,018
Net loss	$ (8,443)	$ (1,014)
Net loss per share, basic	$ (0.32)	$ (0.04)
Net loss per share, diluted	$ (0.32)	$ (0.04)
Weighted-average shares outstanding, basic	26,382,190	25,000,000
Weighted-average shares outstanding, diluted	26,382,190	25,000,000