2024 Q3 Form 10-K Financial Statement
#000182912624006527 Filed on September 27, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q1 | 2024 |
---|---|---|---|
Revenue | $16.87M | $19.70M | $72.51M |
YoY Change | 36.55% | ||
Cost Of Revenue | $13.30M | $13.38M | $50.87M |
YoY Change | 4.27% | 28.97% | |
Gross Profit | $3.575M | $6.324M | $21.64M |
YoY Change | -25.89% | 58.46% | |
Gross Profit Margin | 21.19% | 32.1% | 29.85% |
Selling, General & Admin | $7.670M | $6.333M | $18.65M |
YoY Change | 380.13% | 178.82% | 64.7% |
% of Gross Profit | 214.55% | 100.14% | 86.2% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $371.0K | $348.0K | $1.352M |
YoY Change | 11.08% | 15.36% | |
% of Gross Profit | 10.38% | 5.5% | 6.25% |
Operating Expenses | $7.670M | $6.333M | $18.65M |
YoY Change | 380.13% | 178.82% | 64.7% |
Operating Profit | -$4.095M | -$9.000K | $2.987M |
YoY Change | 156.34% | -99.6% | 28.14% |
Interest Expense | $135.0K | $32.47M | $462.0K |
YoY Change | 78.52% | 4292.5% | 7600.0% |
% of Operating Profit | 15.47% | ||
Other Income/Expense, Net | $1.263M | $90.00K | $16.14M |
YoY Change | 3662.24% | ||
Pretax Income | -$2.832M | $32.55M | $19.13M |
YoY Change | 86.09% | -2224.72% | 591.5% |
Income Tax | -$526.0K | $417.0K | $1.871M |
% Of Pretax Income | 1.28% | 9.78% | |
Net Earnings | -$2.280M | $30.83M | $17.26M |
YoY Change | 49.82% | -2112.12% | 1093.36% |
Net Earnings / Revenue | -13.51% | 156.46% | 23.8% |
Basic Earnings Per Share | -$0.05 | $0.91 | |
Diluted Earnings Per Share | -$0.05 | $1.89 | $0.91 |
COMMON SHARES | |||
Basic Shares Outstanding | 44.50M shares | 15.53M shares | |
Diluted Shares Outstanding | 44.36M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q1 | 2024 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.627M | $2.084M | $2.084M |
YoY Change | 43027.23% | 17636.17% | 84.26% |
Cash & Equivalents | $3.627M | $2.084M | $2.084M |
Short-Term Investments | |||
Other Short-Term Assets | $7.343M | $6.995M | $2.088M |
YoY Change | 877199.88% | 119780.03% | -18.05% |
Inventory | $728.0K | ||
Prepaid Expenses | $878.0K | ||
Receivables | $18.48M | $23.76M | $23.76M |
Other Receivables | $0.00 | $0.00 | $4.179M |
Total Short-Term Assets | $29.45M | $32.84M | $32.84M |
YoY Change | 59880.85% | 11530.61% | 59.51% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.728M | $3.579M | $10.90M |
YoY Change | -60.87% | 14.53% | 24.51% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $1.717M | $1.612M | $1.612M |
YoY Change | -96.57% | -99.32% | 3.07% |
Other Assets | $4.683M | $2.129M | $4.062M |
YoY Change | 16.12% | -5.75% | 16.19% |
Total Long-Term Assets | $22.51M | $16.57M | $16.57M |
YoY Change | -54.97% | -93.01% | 19.98% |
TOTAL ASSETS | |||
Total Short-Term Assets | $29.45M | $32.84M | $32.84M |
Total Long-Term Assets | $22.51M | $16.57M | $16.57M |
Total Assets | $51.96M | $49.41M | $49.41M |
YoY Change | 3.83% | -79.19% | 43.64% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $7.330M | $6.616M | $6.616M |
YoY Change | 15.4% | 17.23% | 167.42% |
Accrued Expenses | $4.257M | $4.892M | $10.09M |
YoY Change | 6736.69% | 7756.49% | 74.28% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $4.482M | $6.778M | $6.765M |
YoY Change | 703.5% | 1470.11% | 395.97% |
Long-Term Debt Due | $1.514M | $1.440M | $307.0K |
YoY Change | 11546.15% | 48.61% | -4.06% |
Total Short-Term Liabilities | $39.22M | $38.13M | $38.13M |
YoY Change | 317.87% | 482.37% | 204.46% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.514M | $1.440M | $1.440M |
YoY Change | 19.6% | ||
Other Long-Term Liabilities | $4.462M | $3.948M | $10.93M |
YoY Change | 345.47% | 75.94% | 55.39% |
Total Long-Term Liabilities | $5.976M | $5.388M | $12.37M |
YoY Change | 496.62% | 140.11% | 50.16% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $39.22M | $38.13M | $38.13M |
Total Long-Term Liabilities | $5.976M | $5.388M | $12.37M |
Total Liabilities | $53.27M | $50.59M | $61.65M |
YoY Change | 412.84% | 475.47% | 177.6% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$28.68M | -$11.67M | |
YoY Change | 180.08% | 38.76% | |
Common Stock | $0.00 | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$2.316M | -$12.24M | -$12.24M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $51.96M | $49.41M | $49.41M |
YoY Change | 3.83% | -79.19% | 43.64% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q1 | 2024 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.280M | $30.83M | $17.26M |
YoY Change | 49.82% | -2112.12% | 1093.36% |
Depreciation, Depletion And Amortization | $371.0K | $348.0K | $1.352M |
YoY Change | 11.08% | 15.36% | |
Cash From Operating Activities | $1.925M | -$4.324M | -$4.299M |
YoY Change | -5856.58% | -3040.26% | -303.65% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $612.0K | $458.0K | $1.520M |
YoY Change | 28.57% | -5.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $232.0K | -$212.0K | -$220.0K |
YoY Change | -611.63% | ||
Cash From Investing Activities | -$380.0K | -$670.0K | -$1.740M |
YoY Change | 11.75% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -2.136M | 582.0K | $7.056M |
YoY Change | -417.28% | 2700.0% | |
NET CHANGE | |||
Cash From Operating Activities | 1.925M | -4.324M | -$4.299M |
Cash From Investing Activities | -380.0K | -670.0K | -$1.740M |
Cash From Financing Activities | -2.136M | 582.0K | $7.056M |
Net Change In Cash | -591.0K | -4.412M | $953.0K |
YoY Change | 1667.34% | 12029.21% | 18.24% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.925M | -$4.324M | -$4.299M |
Capital Expenditures | $612.0K | $458.0K | $1.520M |
Free Cash Flow | $1.313M | -$4.782M | -$5.819M |
YoY Change | -357.73% | -1238.75% |
Facts In Submission
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Liabilities
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|
0 | shares |
CY2023Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
7221000 | usd |
CY2024Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-574000 | usd |
CY2023Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-1349000 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-11668000 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
6318000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-12240000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
12190000 | usd |
CY2024Q1 | us-gaap |
Minority Interest
MinorityInterest
|
10326000 | usd |
CY2023Q1 | us-gaap |
Minority Interest
MinorityInterest
|
1279000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-1914000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
13469000 | usd |
CY2024Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
49407000 | usd |
CY2023Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
34397000 | usd |
CY2024 | us-gaap |
Revenues
Revenues
|
72509000 | usd |
CY2023 | us-gaap |
Revenues
Revenues
|
53099000 | usd |
CY2024 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
50868000 | usd |
CY2023 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
39442000 | usd |
CY2024 | us-gaap |
Gross Profit
GrossProfit
|
21641000 | usd |
CY2023 | us-gaap |
Gross Profit
GrossProfit
|
13657000 | usd |
CY2024 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
18654000 | usd |
CY2023 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
11326000 | usd |
CY2024 | us-gaap |
Operating Expenses
OperatingExpenses
|
18654000 | usd |
CY2023 | us-gaap |
Operating Expenses
OperatingExpenses
|
11326000 | usd |
CY2024 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2987000 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2331000 | usd |
CY2024 | aert |
Change In Fair Value Of Forward Purchase Agreement Put Option Liability
ChangeInFairValueOfForwardPurchaseAgreementPutOptionLiability
|
14765000 | usd |
CY2024 | aert |
Change In Fair Value Of Derivative Warrant Liabilities
ChangeInFairValueOfDerivativeWarrantLiabilities
|
1402000 | usd |
CY2024 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
275000 | usd |
CY2023 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
191000 | usd |
CY2024 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
16140000 | usd |
CY2023 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
435000 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
19127000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2766000 | usd |
CY2024 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1871000 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1060000 | usd |
CY2024 | us-gaap |
Profit Loss
ProfitLoss
|
17256000 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
1706000 | usd |
CY2024 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
202000 | usd |
CY2023 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
260000 | usd |
CY2024 | aert |
Less Net Income Attributable To Redeemable Noncontrolling Interests
LessNetIncomeAttributableToRedeemableNoncontrollingInterests
|
1397000 | usd |
CY2024 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
15657000 | usd |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1446000 | usd |
CY2024 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
15532382 | shares |
CY2024 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.91 | |
CY2024 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.91 | |
CY2024 | us-gaap |
Profit Loss
ProfitLoss
|
17256000 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
1706000 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
185000 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
709000 | usd |
CY2024 | aert |
Unrecognized Actuarial Gain Loss On Employee Benefit Plan Obligations
UnrecognizedActuarialGainLossOnEmployeeBenefitPlanObligations
|
12000 | usd |
CY2023 | aert |
Unrecognized Actuarial Gain Loss On Employee Benefit Plan Obligations
UnrecognizedActuarialGainLossOnEmployeeBenefitPlanObligations
|
-117000 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-173000 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-826000 | usd |
CY2024 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
17083000 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
880000 | usd |
CY2024 | aert |
Comprehensive Income Attributable To Noncontrolling Interests
ComprehensiveIncomeAttributableToNoncontrollingInterests
|
-180000 | usd |
CY2023 | aert |
Comprehensive Income Attributable To Noncontrolling Interests
ComprehensiveIncomeAttributableToNoncontrollingInterests
|
-139000 | usd |
CY2024 | aert |
Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
|
-1407000 | usd |
CY2024 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
15496000 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
741000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
13469000 | usd |
CY2024 | aert |
Transition Period Adjustment Pursuant To Asc326 Net Of Tax
TransitionPeriodAdjustmentPursuantToAsc326NetOfTax
|
-223000 | usd |
CY2024 | aert |
Adjusted Balances
AdjustedBalances
|
13246000 | usd |
CY2024 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1626000 | usd |
CY2024 | aert |
Net Changes In Net Stockholders Investment
NetChangesInNetStockholdersInvestment
|
-10000 | usd |
CY2024 | aert |
Share In Premerger Net Income
ShareInPremergerNetIncome
|
1616000 | usd |
CY2024 | aert |
Share In Premerger Other Comprehensive Income
ShareInPremergerOtherComprehensiveIncome
|
-191000 | usd |
CY2024 | aert |
Impact Of Reverse Recapitalization Refer Note2
ImpactOfReverseRecapitalizationReferNote2
|
-43609000 | usd |
CY2024 | aert |
Settlement Of Accounts Payable Through Issuance Of Shares
SettlementOfAccountsPayableThroughIssuanceOfShares
|
903000 | usd |
CY2024 | aert |
Net Income For Period Post Business Combination Upto Redeemable Nci Reclass
NetIncomeForPeriodPostBusinessCombinationUptoRedeemableNciReclass
|
12484000 | usd |
CY2024 | aert |
Other Comprehensive Loss Post Business Combination Upto Redeemable Nci Reclass
OtherComprehensiveLossPostBusinessCombinationUptoRedeemableNciReclass
|
7000 | usd |
CY2024 | aert |
Reclassification Of Redeemable Nci To Nci
ReclassificationOfRedeemableNciToNci
|
10254000 | usd |
CY2024 | aert |
Net Income For Period Post Business Combination Post Redeemable Nci Reclass
NetIncomeForPeriodPostBusinessCombinationPostRedeemableNciReclass
|
1759000 | usd |
CY2024 | aert |
Other Comprehensive Loss Post Business Combination Post Redeemable Nci Reclass
OtherComprehensiveLossPostBusinessCombinationPostRedeemableNciReclass
|
1000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-1914000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8696000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1706000 | usd |
CY2023 | aert |
Other Comprehensive Loss
OtherComprehensiveLoss
|
-826000 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3805000 | usd |
CY2023 | aert |
Net Changes In Net Stockholders Investment
NetChangesInNetStockholdersInvestment
|
88000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
13469000 | usd |
CY2024 | us-gaap |
Profit Loss
ProfitLoss
|
17256000 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
1706000 | usd |
CY2024 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1352000 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1172000 | usd |
CY2024 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1626000 | usd |
CY2023 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3805000 | usd |
CY2024 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-718000 | usd |
CY2023 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-161000 | usd |
CY2024 | aert |
Accrued Income From Longterm Investments
AccruedIncomeFromLongtermInvestments
|
196000 | usd |
CY2023 | aert |
Accrued Income From Longterm Investments
AccruedIncomeFromLongtermInvestments
|
130000 | usd |
CY2024 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1098000 | usd |
CY2024 | aert |
Gain On Lease Termination
GainOnLeaseTermination
|
13000 | usd |
CY2023 | aert |
Gain On Lease Termination
GainOnLeaseTermination
|
25000 | usd |
CY2024 | aert |
Sundry Balances Written Back
SundryBalancesWrittenBack
|
-48000 | usd |
CY2023 | aert |
Sundry Balances Written Back
SundryBalancesWrittenBack
|
-36000 | usd |
CY2024 | aert |
Unrealized Exchange Gain Loss
UnrealizedExchangeGainLoss
|
-26000 | usd |
CY2023 | aert |
Unrealized Exchange Gain Loss
UnrealizedExchangeGainLoss
|
6000 | usd |
CY2023 | aert |
Impairment In Value Of Investments
ImpairmentInValueOfInvestments
|
24000 | usd |
CY2024 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-12000 | usd |
CY2023 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-54000 | usd |
CY2024 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
-14765000 | usd |
CY2024 | aert |
Change In Fair Value Of Derivative Warrant Liabilities
ChangeInFairValueOfDerivativeWarrantLiabilities
|
1402000 | usd |
CY2024 | aert |
Loss On Issuance Of Shares Against Accounts Payable
LossOnIssuanceOfSharesAgainstAccountsPayable
|
48000 | usd |
CY2024 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
11741000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
6123000 | usd |
CY2024 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
340000 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1199000 | usd |
CY2024 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1839000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
6113000 | usd |
CY2024 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-312000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
801000 | usd |
CY2024 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-568000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1020000 | usd |
CY2024 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
323000 | usd |
CY2023 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
898000 | usd |
CY2024 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
2378000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
838000 | usd |
CY2024 | us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
1953000 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
6425000 | usd |
CY2024 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
999000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
751000 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4299000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2111000 | usd |
CY2024 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1520000 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1600000 | usd |
CY2024 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
11000 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
12000 | usd |
CY2024 | aert |
Issuance Of Loans To Affiliates
IssuanceOfLoansToAffiliates
|
2325000 | usd |
CY2023 | aert |
Issuance Of Loans To Affiliates
IssuanceOfLoansToAffiliates
|
813000 | usd |
CY2024 | aert |
Payments Received For Loans To Affiliates
PaymentsReceivedForLoansToAffiliates
|
2094000 | usd |
CY2023 | aert |
Payments Received For Loans To Affiliates
PaymentsReceivedForLoansToAffiliates
|
844000 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1740000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1557000 | usd |
CY2024 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
2545000 | usd |
CY2023 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
1184000 | usd |
CY2024 | aert |
Payment Of Promissory Note Liability
PaymentOfPromissoryNoteLiability
|
1500000 | usd |
CY2024 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
448000 | usd |
CY2024 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
882000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
368000 | usd |
CY2024 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
391000 | usd |
CY2023 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
229000 | usd |
CY2024 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
391000 | usd |
CY2023 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
390000 | usd |
CY2024 | aert |
Payment Of Deferred Transaction Costs
PaymentOfDeferredTransactionCosts
|
2297000 | usd |
CY2023 | aert |
Payment Of Deferred Transaction Costs
PaymentOfDeferredTransactionCosts
|
769000 | usd |
CY2024 | aert |
Net Changes In Net Shareholders Investment
NetChangesInNetShareholdersInvestment
|
10000 | usd |
CY2023 | aert |
Net Changes In Net Shareholders Investment
NetChangesInNetShareholdersInvestment
|
-88000 | usd |
CY2024 | us-gaap |
Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
|
8666000 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
7056000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
252000 | usd |
CY2024 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-64000 | usd |
CY2023 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-26000 | usd |
CY2024 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
953000 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
780000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1131000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
351000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2084000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1131000 | usd |
CY2024 | us-gaap |
Interest Paid Net
InterestPaidNet
|
465000 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
273000 | usd |
CY2024 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1008000 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1229000 | usd |
CY2024 | aert |
Unpaid Deferred Transaction Costs Included In Accounts Payable And Other Current Liabilities
UnpaidDeferredTransactionCostsIncludedInAccountsPayableAndOtherCurrentLiabilities
|
663000 | usd |
CY2023 | aert |
Unpaid Deferred Transaction Costs Included In Accounts Payable And Other Current Liabilities
UnpaidDeferredTransactionCostsIncludedInAccountsPayableAndOtherCurrentLiabilities
|
1189000 | usd |
CY2024 | aert |
Equipment Acquired Under Finance Lease Obligations
EquipmentAcquiredUnderFinanceLeaseObligations
|
313000 | usd |
CY2023 | aert |
Equipment Acquired Under Finance Lease Obligations
EquipmentAcquiredUnderFinanceLeaseObligations
|
164000 | usd |
CY2024 | aert |
Property And Equipment Purchase Included In Accounts Payable
PropertyAndEquipmentPurchaseIncludedInAccountsPayable
|
41000 | usd |
CY2023 | aert |
Property And Equipment Purchase Included In Accounts Payable
PropertyAndEquipmentPurchaseIncludedInAccountsPayable
|
25000 | usd |
CY2024 | aert |
Settlement Of Accounts Payable Through Issuance Of Class Ordinary Shares To Vendors
SettlementOfAccountsPayableThroughIssuanceOfClassOrdinarySharesToVendors
|
855000 | usd |
CY2024 | aert |
Assumption Of Net Liabilities From Business Combination
AssumptionOfNetLiabilitiesFromBusinessCombination
|
38994000 | usd |
CY2024 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_80D_eus-gaap--NatureOfOperations_zIOtznhier9g" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 1 - <span id="xdx_829_zHLTd94IxbSk">Nature of Operations</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Aeries Technology, Inc. (formerly Worldwide Webb Acquisition Corp. (“WWAC”), formed in the Cayman Islands on March 5, 2021) and its subsidiaries, excluding the fintech and investing business activities, is herein referred to as the “Company”, “ATI”, the “registrant”, “us,” “we” and “our” in these consolidated financial statements. Aark Singapore Pte. Ltd. and its subsidiaries (“AARK”), excluding the fintech and investing business activities, is herein referred to as the “Carve-out Entity”. The Company is a global provider of professional and management services and technology consulting, specializing in the establishment and management of dedicated delivery centers known as “Global Capability Centers” (“GCCs”) for portfolio companies of private equity firms and mid-market enterprises. Our engagement models are designed to provide a mix of deep vertical specialty, functional expertise, and digital systems and solutions to scale, optimize and transform a client’s business operations. The Company has subsidiaries in India, Mexico, Singapore, UAE and the United States.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Change in Fiscal Year</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On November 6, 2023, the Company’s Board of Directors approved a change in the Company’s fiscal year end from December 31 to March 31. The Company’s latest fiscal year ran from April 1, 2023, through March 31, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Demerger and Business Combination</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 11, 2023, WWAC entered into the Business Combination Agreement (the “Merger Agreement,” and the transactions contemplated therein, the “Business Combination”), with WWAC Amalgamation Sub Pte. Ltd., a Singapore private company limited by shares and a direct wholly-owned subsidiary of WWAC (“Amalgamation Sub”), and Aark Singapore Pte. Ltd. a Singapore private company limited by shares (“AARK”) (together with WWAC and Amalgamation Sub, the “Parties” and individually, a “Party”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">AARK was engaged in management consulting, fintech and investing business. However, only the management consulting business was subject to the Merger Agreement and therefore in connection with the Business Combination, AARK entered into a Demerger Agreement with Aarx Singapore Pte. Ltd. and their respective shareholders on March 25, 2023 to spin off the fintech business which was a part of AARK but not subject to the Merger Agreement. Subsequently, the AARK Board of Directors ratified two resolutions on May 24, 2023. These resolutions effectively spun off the investing business which was part of AARK but not subject to the Merger Agreement. These transactions will collectively be referred to as “Demerger Transactions”.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant to the Merger Agreement, all AARK ordinary shares that were issued and outstanding prior to the effective time of the Business Combination remained issued and outstanding following the Business Combination and continued to be held by the Sole Shareholder (as defined below) of AARK. The Company issued a Class V ordinary share to NewGen Advisors and Consultants DWC-LLC (“NewGen”). NewGen is a business associate of Mr. Raman Kumar (“Sole Shareholder”). NewGen has agreed to hold the Class V ordinary share to protect the interest of the Sole Shareholder, in the event of certain events, including a hostile takeover or the appointment or removal of directors at ATI level. While the Class V ordinary share does not carry any direct economic rights, it does carry voting rights equal to 26% which will ratchet up to 51% voting rights upon occurrence of extraordinary events at the ATI level. All of the shares of Amalgamation Sub that were issued and outstanding immediately prior to the effective time of the Business Combination were converted into a number of newly issued AARK ordinary shares. In accordance with principles of Financial Accounting Standards Board’s Accounting Standards Codification Topic 805, Business Combinations (“ASC 805”) and based on the economic interest held by the shareholders post the Business Combination as well as the underlying rights, it was assessed that AARK is the accounting acquirer and WWAC is the accounting acquiree. The Business Combination closed on November 6, 2023 (“Closing Date”) and resulted in ATI owning <span id="xdx_90A_eus-gaap--MinorityInterestOwnershipPercentageByNoncontrollingOwners_c20231106__srt--OwnershipAxis__custom--AARKMember_pdd" title="Ownership, percentage">38.24%</span> of the issued and outstanding shares of AARK and the Sole Shareholder of AARK owning the balance <span id="xdx_909_eus-gaap--MinorityInterestOwnershipPercentageByNoncontrollingOwners_c20231106__srt--OwnershipAxis__custom--AARKShareholdersMember_pdd" title="Ownership, percentage">61.76%</span>. Pursuant to the Business Combination, ATI has a right to appoint two out of the three directors on the Board of AARK and therefore has an ability to control the activities undertaken by AARK in ordinary course of business, resulting in AARK being classified as a subsidiary of ATI. Finally, the Business Combination has been accounted for as reverse recapitalization. Refer to the section <i>“Reverse Recapitalization”</i> below for details.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Reverse Recapitalization</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As mentioned above – <i>Demerger and Business Combination</i>, the Business Combination was closed on November 6, 2023 and has been accounted for as a reverse recapitalization because AARK has been determined to be the accounting acquirer under ASC 805 based on the evaluation of the following facts and circumstances taken into consideration:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="vertical-align: top; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Sole Shareholder, who controlled AARK prior to the Business Combination, will retain a majority of the outstanding shares of ATI after giving effect to the Exchange Agreements. The Exchange Agreements are further discussed in Note 22;</span></td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="vertical-align: top; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">AARK has the ability to elect a majority of the members of ATI’s governing body;</span></td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="vertical-align: top; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">AARK’s executive team makes up the executive team of ATI;</span></td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="vertical-align: top; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">AARK represents an operating entity (group) with operating assets, revenues, and earnings significantly larger than WWAC.</span></td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under a reverse recapitalization, while WWAC was the legal acquirer, it has been treated as the “acquired” company for financial reporting purposes. Accordingly, for accounting purposes, the Business Combination was treated as the equivalent of pre-combination AARK issuing stock for the net assets of WWAC, accompanied by a recapitalization. The net assets of WWAC have been stated at historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination are those of pre-combination AARK and relate to the management consulting business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Immediately following the Business Combination, there were <span id="xdx_907_eus-gaap--SharesOutstanding_iI_pip0_c20240331__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zllh9OBwabo8" title="Shares Outstanding">15,257,666</span> Class A ordinary shares outstanding with a par value of $<span id="xdx_902_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pip0_c20240331__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zQt55fkiRrS2" title="Common stock, par value">0.0001</span> per share. Additionally, there were <span id="xdx_904_ecustom--PurchaseOfAdditionalShares_pip0_c20230401__20240331__us-gaap--AwardTypeAxis__custom--PrivatePlacementWarrantsMember_z7xrHFbnGnu7" title="Purchase of additional shares">9,527,810</span> Private Placement Warrants (defined below) and <span id="xdx_902_ecustom--PurchaseOfAdditionalShares_pip0_c20230401__20240331__us-gaap--AwardTypeAxis__custom--PublicWarrantsMember_zkyBVCDJfd4" title="Purchase of additional shares">11,499,991</span> Public Warrants (defined below) outstanding with a right to purchase <span id="xdx_900_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pip0_c20240331_z9M2P0a0KE11" title="Warrants outstanding">21,027,801</span> Class A ordinary shares.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon closing of the Business Combination, the total number of ATI’s Class A ordinary shares issued and outstanding was <span id="xdx_90D_eus-gaap--SharesIssued_iI_pip0_c20240331__us-gaap--StatementEquityComponentsAxis__custom--ClassAOrdinarySharesMember_zpImv7OYwn76" title="Shares issued"><span id="xdx_901_eus-gaap--SharesOutstanding_iI_pip0_c20240331__us-gaap--StatementEquityComponentsAxis__custom--ClassAOrdinarySharesMember_zbX4QMIHFymk" title="Shares Outstanding">15,257,666</span></span>. Further, certain Class A ordinary shareholders entered into non-redemption agreements executed on November 3, 2023 and November 5, 2023, to reverse redemptions for an aggregate of 1,652,892 Class A ordinary shares while waiving their right to receive any “Bonus Shares” issued under the Merger Agreement. In connection with the closing, holders of <span id="xdx_909_ecustom--RedemptionOfShares_iI_pip0_c20240331__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_z99U04W0nXm6" title="Redemption of shares">2,697,052</span> Class A ordinary shares of WWAC were redeemed at a price per share of approximately $10.69. AARK incurred approximately $<span id="xdx_90F_eus-gaap--BusinessAcquisitionCostOfAcquiredEntityTransactionCosts_iI_pn3n3_c20240331_zyxjbCI8o2Kf" title="Transaction costs relating to business combination">3,697</span> in transaction costs relating to the Business Combination and recorded those costs against additional paid-in capital in the consolidated balance sheet.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The number of Class A ordinary shares issued and outstanding immediately following the consummation of the Business Combination were:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" id="xdx_89C_ecustom--ScheduleOfconsummationOfBusinessCombinationTableTextBlock_pn3n3_zixrxR5ktHUa" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Nature of Operations (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"><span><span id="xdx_8B0_zpx59rQT3gLl" style="display: none">Schedule of consummation of business combination</span></span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_497_20240331_zeQFSx8EI3i5" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--PublicShareholdersRedeemableClassOrdinarySharesIncludingBonusShares_iI_pdd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 88%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Public Shareholders (Redeemable Class A ordinary shares), including Bonus Shares<sup id="xdx_F45_zYJhEcKiPKX5">(1)</sup></span></td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">3,157,469</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--SharesHeldByWorldwideWebbAcquisitionSponsorLlcSponsorAndOtherInitialHolders_iI_pdd" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares held by Worldwide Webb Acquisition Sponsor, LLC (the “Sponsor”) and other initial holders<sup id="xdx_F40_znCTXPc9t2Q5">(2)(3)</sup></span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,750,000</td> <td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SharesHeldByInnovoConsultancyDmcc_iI_pdd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares held by Innovo Consultancy DMCC<sup id="xdx_F42_zBlllETNlxE6">(4)</sup></span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">5,638,530</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--SharesHeldByFpaHolders_iI_pdd" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares held by FPA Holders<sup id="xdx_F4C_zrpjbtAxJa0g">(5)</sup></span></td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">3,711,667</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--SharesIssued_iI_pdd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: bold; text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total<sup id="xdx_F4C_zyoTGZbOjF7e">(6)</sup></b></span></td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">15,257,666</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <div style="width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: justify; vertical-align: top; width: 0in"></td> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span id="xdx_F0C_zg7UZb2BHlh6" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</span></td> <td style="vertical-align: top; text-align: justify"><span id="xdx_F19_zmCrUFnoRx3a" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes 87,133 Bonus Shares issued to the Company’s public shareholders and 1,024,335 “Extension Shares” issued to certain holders of Class A ordinary shares (the “Holders”) in accordance with the Non-Redemption Agreement entered into between WWAC, the Sponsor, and the Holders of Class A ordinary shares. Also includes 288,333 shares purchased by the Forward Purchase Agreement holders in the open market or via redemption reversals prior to the consummation of the Business Combination.</span></td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: justify; vertical-align: top; width: 0in"></td> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span id="xdx_F08_z90G7cOAhy45" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</span></td> <td style="vertical-align: top; text-align: justify"><span id="xdx_F1A_zT8dxvU1iI6b" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes 1,500,000 Class A ordinary shares issued to the Sponsor and 1,250,000 Class A ordinary shares issued to certain anchor investors upon conversion of Class B ordinary shares concurrently with the consummation of the Business Combination. 3,000,000 Class B ordinary shares were forfeited by the Sponsor upon the consummation of the Business Combination.</span></td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: justify; vertical-align: top; width: 0in"></td> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span id="xdx_F0B_zvhRurGjEyZ5" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</span></td> <td style="vertical-align: top; text-align: justify"><span id="xdx_F1E_zU9unD8Q9Zwb" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Does not include (i) 1,500,000 Class B ordinary shares forfeited upon the consummation of the Business Combination, or (ii) 1,500,000 Class B ordinary shares forfeited pursuant to a Support Agreement with the Sponsor.</span></td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: justify; vertical-align: top; width: 0in"></td> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span id="xdx_F02_zdMvZaG30Hij" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</span></td> <td style="vertical-align: top; text-align: justify"><span id="xdx_F10_zODWhuwbz0n7" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes (i) 3,000,000 Class A Shares reissued against 3,000,000 Class B Shares forfeited by the Sponsor upon consummation of the Business Combination as per (2) above, and (ii) 2,638,530 remaining Bonus Shares issued to Innovo.</span></td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: justify; vertical-align: top; width: 0in"></td> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span id="xdx_F01_zFmQdoiyaYgc" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5)</span></td> <td style="vertical-align: top; text-align: justify"><span id="xdx_F13_zIFe2Vlpy2Kh" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Represents a new issuance of Class A ordinary shares to the Forward Purchase Agreement holders in accordance with the Forward Purchase Agreement.</span></td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: justify; vertical-align: top; width: 0in"></td> <td style="text-align: justify; vertical-align: top; width: 0.25in"><span id="xdx_F01_zVKwVPj13nte" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(6)</span></td> <td style="vertical-align: top; text-align: justify"><span id="xdx_F15_zOq9Dn8bSdJ5" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Does not include 10,000 AARK ordinary shares and 655,788 ordinary shares of Aeries Technology Group Business Accelerators Private Limited that represent noncontrolling interest in AARK. These shares will be exchangeable (together with the proportionate reduction in the voting power of the Class V ordinary share, and in the case of the exchange of all AARK ordinary shares, the forfeiture and cancellation of the Class V ordinary share) into shares in ATI in connection with the Exchange Agreements, which is further discussed in Note 19.</span></td> </tr> </table> <p id="xdx_8AF_zh7i4J2G1Mp3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table reconciles the elements of the Business Combination to the change in net shareholders’ investment and additional paid-in capital on the consolidated statement of changes in redeemable noncontrolling interest and shareholders’ equity (deficit) for the year ended March 31, 2024:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfReconcilesOfBusinessCombinationTableTextBlock_pn3n3_zLGpGvDW8Ttk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Nature of Operations (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"><span><span id="xdx_8B4_z8Z3hqI2qc95" style="display: none">Schedule of reconciles of business combination</span></span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20230401__20240331_zC5r22DnvfW7" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: left">Schedule of cash and net liabilities assumed pursuant to Business Combination</td> <td style="text-align: center; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Amount</td> <td style="text-align: center; padding-bottom: 1pt; font-weight: bold; vertical-align: bottom"> </td></tr> <tr id="xdx_40B_ecustom--BalanceInCompanyTrustAccount_i_pn3n3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 88%; text-align: left">Balance in Company trust account</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">40,402</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--OutflowOnAccountOfRedemptionPayments_iN_pn3n3_di_zJtYSnH0Ohhi" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Less: Outflow on account of redemption payments</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(18,795</td> <td style="text-align: left">)</td></tr> <tr id="xdx_400_ecustom--PrepaymentForRecycleShareUnderForwardPurchaseAgreement_iN_pn3n3_di_zBqKy56TxlF7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Less: Prepayment for recycle share under forward purchase agreement</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(3,083</td> <td style="text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--LessPaymentsUnderNonredemptionAgreements_iN_pn3n3_di_zxmeJOjntOS1" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Less: Payments under Non-redemption agreements</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(9,672</td> <td style="text-align: left">)</td></tr> <tr id="xdx_408_ecustom--PaymentToContinentalStockTransferForServicesProvidedInRelationToBusinessCombination_iN_pn3n3_di_zXZV64PueEFi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Less: Payment to Continental Stock Transfer for services provided in relation to the Business Combination</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(186</td> <td style="text-align: left">)</td></tr> <tr id="xdx_400_ecustom--NetCashAcquiredInBusinessCombination_i_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: bold; text-align: left">Net cash acquired in Business Combination</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right">8,666</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--AssumedNetLiabilitiesOfAtiOnClosingDate_iN_pn3n3_di_zBHRr8mJwcEi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: Assumed net liabilities of ATI on Closing Date<sup id="xdx_F42_zpnLRpEt2dZ7">(1)</sup></span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(38,994</td> <td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--PrecombinationTransactionCosts_iN_pn3n3_di_z3w3pBeNHkTc" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Less: Pre-combination transaction costs</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(3,697</td> <td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--TransferredToRedeemableNciOnConsolidation_iN_pn3n3_di_zj2LvEpqbzml" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Less: Transferred to Redeemable Noncontrolling Interest (“NCI”) pursuant to Business Combination</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(4,465</td> <td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--LessParValueOfClassOrdinarySharesIssued_iN_pn3n3_di_zcGfGfzQwHqa" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Less: Par value of Class A ordinary shares issued</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(2</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--NetChargeToAdditionalPaidincapitalAsResultOfBusinessCombinationReportedInStockholdersDeficit_iN_pn3n3_di_zVlaNUZ29Yr6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Net charge to Additional paid-in-capital as a result of the Business Combination reported in Shareholders’ equity (deficit)</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(38,492</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <div style="width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <table cellpadding="0" cellspacing="0" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0in; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; text-align: justify; border-collapse: collapse"> <td style="width: 0in"></td> <td style="width: 0.25in; text-align: left"><span id="xdx_F03_zjTSobWgSX9" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</span></td> <td style="text-align: justify"><span id="xdx_F1C_zoKjnXMHuJTi" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes liability pursuant to warrants and Forward Purchase Agreements. Refer Note 20 for details</span></td> </tr> </table> <p id="xdx_8AD_zw49Ocm20X4b" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As a result of the Business Combination, the Company’s Class A ordinary shares trades under the ticker symbol “AERT” and its public warrants (the “Public Warrants”) trade under the ticker symbol “AERTW” on the Nasdaq Stock Market. Prior to the consummation of the Business Combination, the Company’s Class A ordinary shares were traded on the Nasdaq Stock Market under the symbol “WWAC.”</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
21027801 | shares |
CY2024Q1 | us-gaap |
Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
|
3697000 | usd |
CY2024Q1 | aert |
Public Shareholders Redeemable Class Ordinary Shares Including Bonus Shares
PublicShareholdersRedeemableClassOrdinarySharesIncludingBonusShares
|
3157469 | shares |
CY2024Q1 | aert |
Shares Held By Worldwide Webb Acquisition Sponsor Llc Sponsor And Other Initial Holders
SharesHeldByWorldwideWebbAcquisitionSponsorLlcSponsorAndOtherInitialHolders
|
2750000 | shares |
CY2024Q1 | aert |
Shares Held By Innovo Consultancy Dmcc
SharesHeldByInnovoConsultancyDmcc
|
5638530 | shares |
CY2024Q1 | aert |
Shares Held By Fpa Holders
SharesHeldByFpaHolders
|
3711667 | shares |
CY2024Q1 | us-gaap |
Shares Issued
SharesIssued
|
15257666 | shares |
CY2024 | aert |
Balance In Company Trust Account
BalanceInCompanyTrustAccount
|
40402000 | usd |
CY2024 | aert |
Outflow On Account Of Redemption Payments
OutflowOnAccountOfRedemptionPayments
|
18795000 | usd |
CY2024 | aert |
Prepayment For Recycle Share Under Forward Purchase Agreement
PrepaymentForRecycleShareUnderForwardPurchaseAgreement
|
3083000 | usd |
CY2024 | aert |
Less Payments Under Nonredemption Agreements
LessPaymentsUnderNonredemptionAgreements
|
9672000 | usd |
CY2024 | aert |
Payment To Continental Stock Transfer For Services Provided In Relation To Business Combination
PaymentToContinentalStockTransferForServicesProvidedInRelationToBusinessCombination
|
186000 | usd |
CY2024 | aert |
Net Cash Acquired In Business Combination
NetCashAcquiredInBusinessCombination
|
8666000 | usd |
CY2024 | aert |
Assumed Net Liabilities Of Ati On Closing Date
AssumedNetLiabilitiesOfAtiOnClosingDate
|
38994000 | usd |
CY2024 | aert |
Precombination Transaction Costs
PrecombinationTransactionCosts
|
3697000 | usd |
CY2024 | aert |
Transferred To Redeemable Nci On Consolidation
TransferredToRedeemableNciOnConsolidation
|
4465000 | usd |
CY2024 | aert |
Less Par Value Of Class Ordinary Shares Issued
LessParValueOfClassOrdinarySharesIssued
|
2000 | usd |
CY2024 | aert |
Net Charge To Additional Paidincapital As Result Of Business Combination Reported In Stockholders Deficit
NetChargeToAdditionalPaidincapitalAsResultOfBusinessCombinationReportedInStockholdersDeficit
|
38492000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-1914000 | usd |
CY2024Q1 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
2084000 | usd |
CY2024 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84D_eus-gaap--UseOfEstimates_zPA1zv7jY5cd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_860_zRjCptQoBqfj">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. Significant items subject to such estimates and assumptions include, but are not limited to, revenue recognition, allowance for credit losses, stock-based compensation, fair valuation of Forward Purchase Agreements (“FPAs”) put option liabilities and private warrant liabilities, useful lives of property and equipment, accounting for income taxes, determination of incremental borrowing rates used for operating lease liabilities and right-of-use assets, obligations related to employee benefits and carve-out of financial statements, including the allocation of assets, liabilities and expenses. Management believes that the estimates and judgments upon which it relies, are reasonable based upon information available to the Company at the time that these estimates and judgments were made. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024 | aert |
Redemption Shares
RedemptionShares
|
288333 | shares |
CY2024Q1 | aert |
Prepayment Amount
PrepaymentAmount
|
42760000 | usd |
CY2024 | aert |
Underlying Consideration Amount
UnderlyingConsiderationAmount
|
39678000 | usd |
CY2024 | us-gaap |
Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
|
<p id="xdx_84C_eus-gaap--DerivativesMethodsOfAccountingNonhedgingDerivatives_zWBCmtbuKaA" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_869_zA5E1ACQh173">Derivative Financial Instruments and FPA Put Option Liability</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company accounts for the Warrants (defined below) in accordance with the guidance contained in ASC 815-40 under which the Instruments (as defined below) do not meet the criteria for equity treatment and must be recorded as liabilities. The Company accounts for the FPA put option liability as a financial liability in accordance with the guidance in ASC 480-10. Warrants and FPA are collectively referred as the “Instruments”. The Instruments are subjected to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s consolidated statement of operations. See Note 18 for further discussion of the pertinent terms of the Warrants and Note 20 for further discussion of the methodology used to determine the value of the instruments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In December 2023, the Company settled vendor balances amounting to $<span id="xdx_90E_ecustom--SettlementOfAccountsPayableThroughIssuanceOfSharesToVendors_pn3n3_c20231201__20231231_zpmKVHrEtxYd" title="Settlement of accounts payable through issuance of Class A ordinary shares to vendors">855</span> owed to certain vendors by issuing <span id="xdx_902_eus-gaap--SharesIssued_c20240331__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_pdd" title="Shares issued">361,338</span> Class A ordinary shares. If the VWAP of the Class A ordinary shares over the three trading days immediately preceding the agreement date is higher than the VWAP over the three trading days immediately preceding the six-month anniversary from the agreement date, additional Class A ordinary shares of ATI would need to be issued for the difference. This represents a derivative financial instrument written by the Company which has been accounted for in accordance with the guidance contained in ASC 815-40 including subsequent re-measurement at fair value with the changes being recognized in Company’s consolidated statement of operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value at inception and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the consolidated balance sheets as current or noncurrent based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q4 | aert |
Settlement Of Accounts Payable Through Issuance Of Shares To Vendors
SettlementOfAccountsPayableThroughIssuanceOfSharesToVendors
|
855000 | usd |
CY2024 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_84B_eus-gaap--ConcentrationRiskCreditRisk_zyfobTNIQSed" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_861_zO058xzMNXve">Concentration of Credit Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to credit risk consist primarily of cash and cash equivalents, accounts receivable, loans to affiliates, and investments. The Company holds cash at financial institutions that the Company believes are high credit quality financial institutions and limits the amount of credit exposure with any one bank and conducts ongoing evaluations of the creditworthiness of the banks with which it does business. As of March 31, 2024 and March 31, 2023, there were one and four customers, respectively, that represented 10% or greater of the Company’s accounts receivable balance. The Company expects limited credit risk arising from its long-term investments as these primarily entail investments in the Company’s affiliates that have a credit rating that is above the minimum allowable credit rating defined in the Company’s investment policy. As a part of its risk management process, the Company limits its credit risk with respect to long-term investments by performing periodic evaluations of the credit standing of counterparties to its investments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In respect of the Company’s revenue, there were two and four customers that each accounted for more than <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_c20230401__20240331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_pdd" title="Concentration of credit risk, percentage"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_c20220401__20230331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_pdd" title="Concentration of credit risk, percentage"><span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_c20230401__20240331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerFourMember_pdd" title="Concentration of credit risk, percentage"><span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_c20220401__20230331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerFourMember_pdd" title="Concentration of credit risk, percentage">10%</span></span></span></span> of total revenue for the year ended March 31, 2024 and 2023, respectively. The following table shows the amount of revenue derived from each customer exceeding <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_c20230401__20240331__srt--MajorCustomersAxis__custom--CustomerMember_pdd" title="Concentration of credit risk, percentage"><span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_c20220401__20230331__srt--MajorCustomersAxis__custom--CustomerMember_pdd" title="Concentration of credit risk, percentage">10%</span></span> of the Company’s revenue during the year ended March 31, 2024 and 2023:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfCededCreditRiskByReinsurerTextBlock_pn3n3_zw1jYAYwle46" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-align: left"><span id="xdx_8B8_zp9zGQ65EzOf" style="display: none">Schedule of concentration of credit risk</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year Ended<br/> March 31,</td> <td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; width: 76%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customer 1</span></td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20230401__20240331__srt--MajorCustomersAxis__custom--CustomerOneMember_zgsQZE2AASLh" title="Concentration of credit risk, percentage">14</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"><span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20220401__20230331__srt--MajorCustomersAxis__custom--CustomerOneMember_z6x8tsjeV72f" title="Concentration of credit risk, percentage">16</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customer 2</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20230401__20240331__srt--MajorCustomersAxis__custom--CustomerTwoMember_zbGEkYqNAVTj" title="Concentration of credit risk, percentage">12</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20220401__20230331__srt--MajorCustomersAxis__custom--CustomerTwoMember_z8sy7QbdcT96" title="Concentration of credit risk, percentage">16</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customer 3</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">n/a</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20220401__20230331__srt--MajorCustomersAxis__custom--CustomerThreeMember_zzCdKsc5u2Ib" title="Concentration of credit risk, percentage">12</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customer 4</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">n/a</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20220401__20230331__srt--MajorCustomersAxis__custom--CustomerFourMember_zcemjFlvS3c5" title="Concentration of credit risk, percentage">11</span></td> <td style="text-align: left">%</td></tr> </table> <p id="xdx_8A3_z4fBXyytJNoh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1263000 | usd |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2023Q4 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
3697000 | usd |
CY2024Q1 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
0 | usd |
CY2023Q1 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
1921000 | usd |
CY2024Q1 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
663000 | usd |
CY2023Q1 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
568000 | usd |
CY2024 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
CY2023 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
CY2024 | aert |
Employee Benefit Plan
EmployeeBenefitPlan
|
796000 | usd |
CY2023 | aert |
Employee Benefit Plan
EmployeeBenefitPlan
|
642000 | usd |
CY2024Q1 | us-gaap |
Compensated Absences Liability
CompensatedAbsencesLiability
|
2537000 | usd |
CY2023Q1 | us-gaap |
Compensated Absences Liability
CompensatedAbsencesLiability
|
1910000 | usd |
CY2024 | aert |
Schedule Net Income Attributable To Noncontrolling Interest
ScheduleNetIncomeAttributableToNoncontrollingInterest
|
<table cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleNetIncomeAttributableToNoncontrollingInterest_pn3n3_zHvaaVQfYosa" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Restatement of Previously Issued Carve-out Consolidated Financial Statements (Details)"> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"><span id="xdx_8B4_zUXCEnwZb41b" style="display: none">Schedule of unaudited consolidated financial information</span></td><td style="text-align: center; font-weight: bold; vertical-align: bottom"> </td> <td colspan="2" id="xdx_49E_20230331__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_ziaNUbeuo8sj" style="vertical-align: bottom; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; vertical-align: bottom"> </td><td style="text-align: center; vertical-align: bottom"> </td> <td colspan="2" id="xdx_49C_20230331__srt--RestatementAxis__srt--RestatementAdjustmentMember_zBURlEK7QMR3" style="vertical-align: bottom; text-align: center"> </td><td style="text-align: center; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; vertical-align: bottom"> </td> <td colspan="2" id="xdx_498_20230331__srt--RestatementAxis__custom--AsAdjustedRestateementsNo1Member_z1wXVAPnF07d" style="vertical-align: bottom; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td><td style="text-align: center; font-weight: bold; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; text-align: center">As Previously<br/> Reported</td><td style="text-align: center; font-weight: bold; vertical-align: bottom"> </td><td style="text-align: center; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center"> </td><td style="text-align: center; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; text-align: center">As Adjusted Restatement no. 1</td><td style="text-align: center; font-weight: bold; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">March 31,<br/> 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><b>Restatement<br/> Adjustment</b></td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">March 31,<br/> 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Carve-out Consolidated Balance Sheet</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--AdditionalPaidInCapital_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 64%; text-align: left">Net stockholder’s investment and additional paid-in capital</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">7,311</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">(90</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">7,221</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--RetainedEarningsAccumulatedDeficit_iI_pn3n3_zc570RHhb0Hj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Retained earnings</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,454</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(136</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,318</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--AccumulatedOtherComprehensiveIncomeLossNetOfTax_iI_pn3n3" style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Accumulated other comprehensive loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,385</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,349</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--StockholdersEquity_iI_pn3n3_zcEACDXiea8e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Total Aark Singapore Pte. Ltd. stockholder’s equity</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">12,380</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">(190</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">12,190</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--MinorityInterest_iI_pn3n3_zV2jj8ScbtC2" style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Noncontrolling interest</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,089</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">190</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,279</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_iI_pn3n3_zLc5bqVKOVWf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Total stockholder’s equity</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">13,469</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1114">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">13,469</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LiabilitiesAndStockholdersEquity_iI_pn3n3_zDfTZu2CfLvb" style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Total liabilities and stockholder’s equity</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">34,397</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1118">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">34,397</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Carve-out Consolidated Statement of Operations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Less: Net income attributable to noncontrolling interest</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eus-gaap--IncomeLossAttributableToNoncontrollingInterest_c20220401__20230331__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_pn3n3" style="text-align: right" title="Less: Net income attributable to noncontrolling interests">221</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--IncomeLossAttributableToNoncontrollingInterest_c20220401__20230331__srt--RestatementAxis__srt--RestatementAdjustmentMember_pn3n3" style="text-align: right" title="Less: Net income attributable to noncontrolling interests">39</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--IncomeLossAttributableToNoncontrollingInterest_pn3n3_c20220401__20230331__srt--RestatementAxis__custom--AsAdjustedRestateementsNo1Member_zf03MDlkPL5f" style="text-align: right" title="Less: Net income attributable to noncontrolling interests">260</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Net income attributable to Aark Singapore Pte. Ltd.</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98F_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_pn3n3_c20220401__20230331__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zHAAas54VRrd" style="font-weight: bold; text-align: right">1,485</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98F_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20220401__20230331__srt--RestatementAxis__srt--RestatementAdjustmentMember_pn3n3" style="font-weight: bold; text-align: right">(39</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_981_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_pn3n3_c20220401__20230331__srt--RestatementAxis__custom--AsAdjustedRestateementsNo1Member_zKoWx2WMY9Sk" style="font-weight: bold; text-align: right">1,446</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Carve-out Consolidated Statement of Comprehensive Income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Less: Comprehensive income attributable to noncontrolling interest</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_ecustom--ComprehensiveIncomeAttributableToNoncontrollingInterests_pn3n3_c20220401__20230331__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zOFxKfXlESO5" style="text-align: right" title="Comprehensive income attributable to noncontrolling interest">118</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_ecustom--ComprehensiveIncomeAttributableToNoncontrollingInterests_pn3n3_c20220401__20230331__srt--RestatementAxis__srt--RestatementAdjustmentMember_zwbc340b4zic" style="text-align: right" title="Comprehensive income attributable to noncontrolling interest">21</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_ecustom--ComprehensiveIncomeAttributableToNoncontrollingInterests_pn3n3_c20220401__20230331__srt--RestatementAxis__custom--AsAdjustedRestateementsNo1Member_z2YVkWRMvvoa" style="text-align: right" title="Comprehensive income attributable to noncontrolling interest">139</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Total comprehensive income attributable to Aark Singapore Pte. Ltd.</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_984_eus-gaap--ComprehensiveIncomeNetOfTax_pn3n3_c20220401__20230331__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zLMg1tau0Z08" style="font-weight: bold; text-align: right" title="Total comprehensive income attributable to Aark Singapore Pte. Ltd.">762</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_987_eus-gaap--ComprehensiveIncomeNetOfTax_pn3n3_c20220401__20230331__srt--RestatementAxis__srt--RestatementAdjustmentMember_z1ga6zvgCnmf" style="font-weight: bold; text-align: right" title="Total comprehensive income attributable to Aark Singapore Pte. Ltd.">(21</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98E_eus-gaap--ComprehensiveIncomeNetOfTax_pn3n3_c20220401__20230331__srt--RestatementAxis__custom--AsAdjustedRestateementsNo1Member_zqifxC3qXbMg" style="font-weight: bold; text-align: right" title="Total comprehensive income attributable to Aark Singapore Pte. Ltd.">741</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> | |
CY2024Q1 | aert |
Advance Nonincome Taxes
AdvanceNonincomeTaxes
|
4179000 | usd |
CY2023Q1 | aert |
Advance Nonincome Taxes
AdvanceNonincomeTaxes
|
3371000 | usd |
CY2024Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
878000 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
405000 | usd |
CY2024Q1 | aert |
Advance To Vendors
AdvanceToVendors
|
728000 | usd |
CY2023Q1 | aert |
Advance To Vendors
AdvanceToVendors
|
119000 | usd |
CY2024Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
424000 | usd |
CY2023Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
29000 | usd |
CY2024Q1 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
786000 | usd |
CY2023Q1 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
193000 | usd |
CY2024Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
6995000 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
4117000 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
7758000 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6040000 | usd |
CY2024Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
4179000 | usd |
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2915000 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3579000 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3125000 | usd |
CY2024 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
11000 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
12000 | usd |
CY2024 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-12000 | usd |
CY2023 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-54000 | usd |
CY2024 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1352000 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1172000 | usd |
CY2024Q1 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
815000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
955000 | usd |
CY2024Q1 | us-gaap |
Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
|
797000 | usd |
CY2023Q1 | us-gaap |
Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
|
609000 | usd |
CY2024Q1 | aert |
Heldtomaturity Investments Net Carrying Amount
HeldtomaturityInvestmentsNetCarryingAmount
|
1612000 | usd |
CY2023Q1 | aert |
Heldtomaturity Investments Net Carrying Amount
HeldtomaturityInvestmentsNetCarryingAmount
|
1564000 | usd |
CY2024Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
3584000 | usd |
CY2023Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
2257000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
294000 | usd |
CY2023Q1 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
308000 | usd |
CY2024Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
4892000 | usd |
CY2023Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1319000 | usd |
CY2024Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
261000 | usd |
CY2023Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
193000 | usd |
CY2024Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
257000 | usd |
CY2023Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
124000 | usd |
CY2024Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
9288000 | usd |
CY2023Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
4201000 | usd |
CY2024Q1 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
6778000 | usd |
CY2023Q1 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
1376000 | usd |
CY2024 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.0080 | pure |
CY2023 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.0120 | pure |
CY2024 | aert |
Insurance For Its Directors
InsuranceForItsDirectors
|
After the Closing Date, ATI obtained an insurance policy for its directors and senior officers with maximum coverage of $5,000. The total premium payable in relation to this was $880 out of which $176 was paid upfront and balance $704 is payable in ten equal monthly instalments of $73. The arrangement represents a financing transaction where the premium payable has been deferred. The interest rate under the arrangement is 9.2 % per annum. The cumulative interest payable throughout the tenure under the arrangement amounts to $30 and the same would be recognized as part of the interest expense in the consolidated statement of operations. During the year ended March 31, 2024, the interest expense so recognized was $22. The balance premium payable as at March 31, 2024 is $432 and has been disclosed as a current liability since ATI has an unconditional obligation to settle it by September 2024. | |
CY2024Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1440000 | usd |
CY2023Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
969000 | usd |
CY2022Q4 | aert |
Exchange Rate
ExchangeRate
|
137000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.1075 | pure |
CY2023Q4 | us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P48M | |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
|
13000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
|
849000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
|
591000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
1453000 | usd |
CY2024Q1 | aert |
Accrued Compensation And Related Benefits
AccruedCompensationAndRelatedBenefits
|
3777000 | usd |
CY2023Q1 | aert |
Accrued Compensation And Related Benefits
AccruedCompensationAndRelatedBenefits
|
2764000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
162000 | usd |
CY2023Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
235000 | usd |
CY2024Q1 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
9000 | usd |
CY2023Q1 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
9000 | usd |
CY2024Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
3948000 | usd |
CY2023Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
3008000 | usd |
CY2024 | us-gaap |
Revenues
Revenues
|
72509000 | usd |
CY2023 | us-gaap |
Revenues
Revenues
|
53099000 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
255000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
0 | usd |
CY2024 | us-gaap |
Deferred Income Revenue Recognized
DeferredIncomeRevenueRecognized
|
193000 | usd |
CY2023 | us-gaap |
Deferred Income Revenue Recognized
DeferredIncomeRevenueRecognized
|
228000 | usd |
CY2024Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
261000 | usd |
CY2023Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
193000 | usd |
CY2024Q1 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
0 | usd |
CY2023Q1 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
0 | usd |
CY2023Q1 | us-gaap |
Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Plan Assets
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets
|
1357000 | usd |
CY2022Q1 | us-gaap |
Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Plan Assets
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets
|
908000 | usd |
CY2024 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
98000 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
52000 | usd |
CY2024 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
449000 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
338000 | usd |
CY2024 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
68000 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
218000 | usd |
CY2024 | us-gaap |
Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
|
47000 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
|
78000 | usd |
CY2024 | aert |
Effect Of Exchange Rate Fluctuation
EffectOfExchangeRateFluctuation
|
19000 | usd |
CY2023 | aert |
Effect Of Exchange Rate Fluctuation
EffectOfExchangeRateFluctuation
|
81000 | usd |
CY2024Q1 | us-gaap |
Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Plan Assets
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets
|
1906000 | usd |
CY2023Q1 | us-gaap |
Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Plan Assets
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets
|
1357000 | usd |
CY2024 | aert |
Recorded In Accrued Compensation And Related Benefits Current
RecordedInAccruedCompensationAndRelatedBenefitsCurrent
|
203000 | usd |
CY2023 | aert |
Recorded In Accrued Compensation And Related Benefits Current
RecordedInAccruedCompensationAndRelatedBenefitsCurrent
|
120000 | usd |
CY2024 | aert |
Recorded In Other Liabilities
RecordedInOtherLiabilities
|
1701000 | usd |
CY2023 | aert |
Recorded In Other Liabilities
RecordedInOtherLiabilities
|
1237000 | usd |
CY2024 | aert |
Total Project Benefit Obligation
TotalProjectBenefitObligation
|
-1904000 | usd |
CY2023 | aert |
Total Project Benefit Obligation
TotalProjectBenefitObligation
|
-1357000 | usd |
CY2024 | aert |
Accumulated Net Actuarial Loss
AccumulatedNetActuarialLoss
|
501000 | usd |
CY2023 | aert |
Accumulated Net Actuarial Loss
AccumulatedNetActuarialLoss
|
516000 | usd |
CY2024 | aert |
Accumulated Deferred Income Tax Expense Benefit
AccumulatedDeferredIncomeTaxExpenseBenefit
|
-126000 | usd |
CY2023 | aert |
Accumulated Deferred Income Tax Expense Benefit
AccumulatedDeferredIncomeTaxExpenseBenefit
|
-129000 | usd |
CY2024 | us-gaap |
Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
|
375000 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
|
387000 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
|
68000 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
|
218000 | usd |
CY2024 | aert |
Amortization Of Net Actuarial Loss Gain
AmortizationOfNetActuarialLossGain
|
85000 | usd |
CY2023 | aert |
Amortization Of Net Actuarial Loss Gain
AmortizationOfNetActuarialLossGain
|
62000 | usd |
CY2024 | aert |
Deferred Tax Expense Benefit
DeferredTaxExpenseBenefit
|
5000 | usd |
CY2023 | aert |
Deferred Tax Expense Benefit
DeferredTaxExpenseBenefit
|
-39000 | usd |
CY2024 | aert |
Unrecognized Actuarial Loss Gain On Employee Benefit Plan Obligations
UnrecognizedActuarialLossGainOnEmployeeBenefitPlanObligations
|
-12000 | usd |
CY2023 | aert |
Unrecognized Actuarial Loss Gain On Employee Benefit Plan Obligations
UnrecognizedActuarialLossGainOnEmployeeBenefitPlanObligations
|
117000 | usd |
CY2024 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
449000 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
338000 | usd |
CY2024 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
98000 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
52000 | usd |
CY2024 | aert |
Defined Benefit Plan Amortization Losses
DefinedBenefitPlanAmortizationLosses
|
85000 | usd |
CY2023 | aert |
Defined Benefit Plan Amortization Losses
DefinedBenefitPlanAmortizationLosses
|
62000 | usd |
CY2024 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
632000 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
452000 | usd |
CY2024Q1 | us-gaap |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
|
0.0828 | pure |
CY2023Q1 | us-gaap |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
|
0.0731 | pure |
CY2024Q1 | us-gaap |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
|
0.1000 | pure |
CY2023Q1 | us-gaap |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
|
0.1000 | pure |
CY2024Q1 | aert |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Employee Turnover
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfEmployeeTurnover
|
0.2000 | pure |
CY2023Q1 | aert |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Employee Turnover
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfEmployeeTurnover
|
0.2000 | pure |
CY2024Q1 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
|
203000 | usd |
CY2024Q1 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
|
278000 | usd |
CY2024Q1 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
|
376000 | usd |
CY2024Q1 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
|
524000 | usd |
CY2024Q1 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
|
634000 | usd |
CY2024Q1 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
|
3053000 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
19127000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2766000 | usd |
CY2024 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
2589000 | usd |
CY2023 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
1221000 | usd |
CY2024 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-718000 | usd |
CY2023 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-161000 | usd |
CY2024 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1871000 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1060000 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1871000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1060000 | usd |
CY2024 | us-gaap |
Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
|
4000 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
|
-39000 | usd |
CY2024 | aert |
Income Tax Expense
IncomeTaxExpense
|
1875000 | usd |
CY2023 | aert |
Income Tax Expense
IncomeTaxExpense
|
1021000 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
19127000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2766000 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
470000 | usd |
CY2024 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
383000 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
241000 | usd |
CY2024 | aert |
Income Tax Reconciliation Reversal Of Deferred Tax Asset Liability
IncomeTaxReconciliationReversalOfDeferredTaxAssetLiability
|
7000 | usd |
CY2023 | aert |
Income Tax Reconciliation Reversal Of Deferred Tax Asset Liability
IncomeTaxReconciliationReversalOfDeferredTaxAssetLiability
|
36000 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
36000 | usd |
CY2024 | aert |
Income Tax Reconciliation Tax Of Earlier Year
IncomeTaxReconciliationTaxOfEarlierYear
|
221000 | usd |
CY2023 | aert |
Income Tax Reconciliation Tax Of Earlier Year
IncomeTaxReconciliationTaxOfEarlierYear
|
9000 | usd |
CY2024 | aert |
Income Tax Reconciliation True Up Down
IncomeTaxReconciliationTrueUpDown
|
78000 | usd |
CY2023 | aert |
Income Tax Reconciliation True Up Down
IncomeTaxReconciliationTrueUpDown
|
89000 | usd |
CY2024 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
2000 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
-3000 | usd |
CY2024 | aert |
Effective Income Tax Rate Reconciliation Nondeductible Expense Adjustments For Change In Rates Due To Different Tax Jurisdiction
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAdjustmentsForChangeInRatesDueToDifferentTaxJurisdiction
|
1254000 | usd |
CY2023 | aert |
Effective Income Tax Rate Reconciliation Nondeductible Expense Adjustments For Change In Rates Due To Different Tax Jurisdiction
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAdjustmentsForChangeInRatesDueToDifferentTaxJurisdiction
|
223000 | usd |
CY2024 | aert |
Effective Income Tax Rate Reconciliation Set Off Against Brought Forward Losses
EffectiveIncomeTaxRateReconciliationSetOffAgainstBroughtForwardLosses
|
-60000 | usd |
CY2023 | aert |
Effective Income Tax Rate Reconciliation Set Off Against Brought Forward Losses
EffectiveIncomeTaxRateReconciliationSetOffAgainstBroughtForwardLosses
|
-60000 | usd |
CY2024 | aert |
Income Tax Reconciliation Gilti Inclusion
IncomeTaxReconciliationGiltiInclusion
|
42000 | usd |
CY2023 | aert |
Income Tax Reconciliation Gilti Inclusion
IncomeTaxReconciliationGiltiInclusion
|
27000 | usd |
CY2024 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-56000 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-8000 | usd |
CY2024 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1871000 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1060000 | usd |
CY2024 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0978 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.3833 | pure |
CY2024Q1 | us-gaap |
Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
|
1933000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
|
1237000 | usd |
CY2024Q1 | us-gaap |
Deferred Tax And Other Liabilities Noncurrent
DeferredTaxAndOtherLiabilitiesNoncurrent
|
92000 | usd |
CY2023Q1 | us-gaap |
Deferred Tax And Other Liabilities Noncurrent
DeferredTaxAndOtherLiabilitiesNoncurrent
|
168000 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
1841000 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
1069000 | usd |
CY2024Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
40000 | usd |
CY2023Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
79000 | usd |
CY2024Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2023Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2020Q3 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
59900 | shares |
CY2023 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
59900 | shares |
CY2019Q3 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
295565 | shares |
CY2024 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
|
P3Y6M | |
CY2024 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
|
0.4080 | pure |
CY2024 | aert |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumption Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionRiskFreeInterestRate
|
0.0301 | pure |
CY2024 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0000 | pure |
CY2024 | aert |
Stock Based Compensation Expense
StockBasedCompensationExpense
|
1626000 | usd |
CY2023 | aert |
Stock Based Compensation Expense
StockBasedCompensationExpense
|
3805000 | usd |
CY2024Q1 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
0 | usd |
CY2023Q1 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
0 | usd |
CY2024 | aert |
Unrecognized Stockbased Compensation Cost
UnrecognizedStockbasedCompensationCost
|
0 | usd |
CY2023 | aert |
Unrecognized Stockbased Compensation Cost
UnrecognizedStockbasedCompensationCost
|
1706000 | usd |
CY2024 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
398000 | usd |
CY2023 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
386000 | usd |
CY2024 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
70000 | usd |
CY2023 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
65000 | usd |
CY2024 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
2795000 | usd |
CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
2273000 | usd |
CY2023 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
8000 | usd |
CY2024 | us-gaap |
Lease Cost
LeaseCost
|
3263000 | usd |
CY2023 | us-gaap |
Lease Cost
LeaseCost
|
2732000 | usd |
CY2024 | aert |
Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
|
2681000 | usd |
CY2023 | aert |
Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
|
2162000 | usd |
CY2024 | aert |
Operating Cash Flows From Finance Leases
OperatingCashFlowsFromFinanceLeases
|
70000 | usd |
CY2023 | aert |
Operating Cash Flows From Finance Leases
OperatingCashFlowsFromFinanceLeases
|
65000 | usd |
CY2024 | aert |
Financing Cash Flows From Finance Leases
FinancingCashFlowsFromFinanceLeases
|
391000 | usd |
CY2023 | aert |
Financing Cash Flows From Finance Leases
FinancingCashFlowsFromFinanceLeases
|
390000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
|
P3Y8M15D | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
|
P3Y10M24D | |
CY2024Q1 | us-gaap |
Lessee Finance Lease Remaining Lease Term
LesseeFinanceLeaseRemainingLeaseTerm
|
P1Y8M1D | |
CY2023Q1 | us-gaap |
Lessee Finance Lease Remaining Lease Term
LesseeFinanceLeaseRemainingLeaseTerm
|
P1Y10M6D | |
CY2024Q1 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.1070 | pure |
CY2023Q1 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.1065 | pure |
CY2024Q1 | us-gaap |
Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
|
0.1260 | pure |
CY2023Q1 | us-gaap |
Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
|
0.1056 | pure |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
9248000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
494000 | usd |
CY2024Q1 | aert |
Gross Lease Liabilities
GrossLeaseLiabilities
|
9742000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
1553000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
38000 | usd |
CY2024Q1 | aert |
Less Imputed Interest
LessImputedInterest
|
1591000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
7695000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
456000 | usd |
CY2024Q1 | aert |
Present Value Of Lease Liabilities
PresentValueOfLeaseLiabilities
|
8151000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
2080000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
294000 | usd |
CY2024Q1 | aert |
Current Portion Of Lease Liabilities
CurrentPortionOfLeaseLiabilities
|
2374000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
5615000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
162000 | usd |
CY2024Q1 | aert |
Longterm Lease Liabilities
LongtermLeaseLiabilities
|
5777000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
2743000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
324000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
2423000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
155000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1944000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
15000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1419000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
719000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
9248000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
494000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
1553000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
38000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
7695000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
456000 | usd |
CY2024 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
200000 | shares |
CY2024Q1 | aert |
Exchange Rate
ExchangeRate
|
2399000 | usd |
CY2023Q1 | aert |
Exchange Rate
ExchangeRate
|
2433000 | usd |
CY2024 | us-gaap |
Other Noncash Income
OtherNoncashIncome
|
2000 | usd |
CY2023 | us-gaap |
Other Noncash Income
OtherNoncashIncome
|
12000 | usd |
CY2024 | aert |
Initial Public Offering Description
InitialPublicOfferingDescription
|
the consummation of the Initial Public Offering (IPO), the Company issued 11,499,991 Public Warrants. Simultaneously with the closing of the IPO, WWAC issued 8,900,000 warrants in a private placement (the “Private Placement Warrants”), at a purchase price of $1.00 per Private Placement Warrant, which included 900,000 Units as a result of the underwriter’s full exercise of its option to purchase up to 900,000 additional warrants, at a purchase price of $1.00 per Private Placement Warrant. On November 6, 2023, WWAC issued 627,810 other Private Placement Warrants to the Sponsor pursuant to the conversion of a promissory note payable to the Sponsor. Upon consummation of the Business Combination, the Company assumed 11,499,991 Public Warrants and 9,527,810 Private Placement Warrants (collectively the “Warrants”). | |
CY2024Q1 | aert |
Sale Price
SalePrice
|
18.00 | |
CY2023Q1 | aert |
Sale Price
SalePrice
|
18.00 | |
CY2024Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2024Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2024Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
10 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10000 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10000 | shares |
CY2024 | us-gaap |
Stock Issued During Period Shares Stock Splits
StockIssuedDuringPeriodSharesStockSplits
|
10000 | shares |
CY2024 | us-gaap |
Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
|
<table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--ScheduleOfRepurchaseAgreements_pn3n3_zJWMjNouhjN8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"><span id="xdx_8B3_zarBEbHkV9Q1" style="display: none">Schedule of purchase agreement</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year Ended<br/> March 31,</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Weighted Average Fair Value</td> <td> </td> <td colspan="6" style="text-align: center"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExpectedDividend_pn3n3_c20230401__20240331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember_zJXQRuBctm2" title="Weighted Average Fair Value">10,244</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; width: 76%">Expected Term (Years)</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: right; width: 9%"><span id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20230401__20240331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember_zSlnEFkfvWod" title="Expected Term (Years)">0.60</span></td> <td style="text-align: left; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: right; width: 9%"><span id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20220401__20230331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember_zOpR6W4kiwp1" title="Expected Term (Years)">0.60</span></td> <td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Risk free Interest Rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20230401__20240331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember_zRELgLBgfXhg" title="Risk-free interest rate">5.10</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20220401__20230331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember_zPX8X4MMQKSb" title="Risk-free interest rate">5.10</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Volatility</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20230401__20240331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember_ziopqMy6KgR9" title="Volatility">39.0</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_c20220401__20230331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember_zYLDJ6ZJy9pj" title="Volatility">39.0</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Reference Price for one share of Class A common stock</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_901_ecustom--ReferencePriceForOneShareOfClassCommonStock_c20230401__20240331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember_pdd" title="Reference Price for one share of Class A common stock">10.69</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_903_ecustom--ReferencePriceForOneShareOfClassCommonStock_c20220401__20230331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember_pdd" title="Reference Price for one share of Class A common stock">2.21</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Probability (Weight) - No Dilutive Offering Reset / With Dilutive Offering Reset due to PIPE transaction*</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--ProbabilityWeightNoDilutiveOfferingResetWithDilutiveOfferingResetDueToPipeTransaction_pid_dp_c20230401__20240331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember_fKk5vdGU6_z5v1BXf1P7p4" title="Probability (Weight) - No Dilutive Offering Reset / With Dilutive Offering Reset due to PIPE transaction">5</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_907_ecustom--ProbabilityWeightNoDilutiveOfferingResetWithDilutiveOfferingResetDueToPipeTransaction_pid_dp_c20220401__20230331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember_fKk5vdGU6_z7x4Y0Aq1nt6" title="Probability (Weight) - No Dilutive Offering Reset / With Dilutive Offering Reset due to PIPE transaction">95</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Fair Value of Forward Purchase Agreement Put Option Liability [in thousands]</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_90F_ecustom--FairValueOfForwardPurchaseAgreementPutOptionLiability_pn3n3_c20230401__20240331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember_zA9G4NcbMeAa" title="Fair Value of Forward Purchase Agreement Put Option Liability">40,880</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_903_ecustom--FairValueOfForwardPurchaseAgreementPutOptionLiability_pn3n3_c20220401__20230331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember_z3IVcDNdpg0c" title="Fair Value of Forward Purchase Agreement Put Option Liability">8,631</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Stock price at measurement date</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right"><span id="xdx_904_ecustom--StockPriceAtMeasurementsDate_pip0_c20230401__20240331_zdt1jUc9doP8" title="Stock price at measurement date">2.6</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_901_ecustom--StockPriceAtMeasurementsDate_pip0_c20220401__20230331_zsHhhAXqFGn4" title="Stock price at measurement date">2.6</span></td> <td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <div style="width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0in; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; text-align: justify; border-collapse: collapse"> <td id="xdx_F0F_zesi0VmZ6yz7" style="width: 0.5in; text-align: left">*Note:</td> <td id="xdx_F17_zbTtmNVYAV41" style="text-align: justify">The private placement announced and completed on April 8, 2024 (estimated probability of 95% as of March 31, 2024). Quoted share price of common stock of the Company when PIPE (Private Investment in Public Entity) transaction took place was $2.21 approx.</td> </tr> </table> | |
CY2024 | aert |
Stock Price At Measurements Date
StockPriceAtMeasurementsDate
|
2.6 | |
CY2023 | aert |
Stock Price At Measurements Date
StockPriceAtMeasurementsDate
|
2.6 | |
CY2024 | aert |
Warrants And Forward Purchase Agreement Put Option Liability Acquired As Part Of Business Combination
WarrantsAndForwardPurchaseAgreementPutOptionLiabilityAcquiredAsPartOfBusinessCombination
|
27778000 | usd |
CY2024 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
-16167000 | usd |
CY2024Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
11611000 | usd |
CY2024 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
14154000 | usd |
CY2024 | aert |
Weighted Average Shares Outstanding Of Class Ordinary Shares Basic And Diluted
WeightedAverageSharesOutstandingOfClassOrdinarySharesBasicAndDiluted
|
15532382 | shares |
CY2024 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.91 | |
CY2024 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.91 |