$PMEC
Primech Holdings Ltd Stock $pmec

$pmec Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 20-F Financial Statement

#000121390024063312 Filed on July 23, 2024

Income Statement

Concept	2024 Q1	2024	2023 Q1
Revenue	$72.52M	$72.52M	$69.03M
YoY Change	5.07%	5.06%	26.79%
Cost Of Revenue	$59.92M	$59.92M	$58.41M
YoY Change	2.58%	2.58%	30.97%
Gross Profit	$12.61M	$12.61M	$10.62M
YoY Change	18.78%	18.73%	7.85%
Gross Profit Margin	17.39%	17.39%	15.38%
Selling, General & Admin	$15.39M	$15.39M	$12.58M
YoY Change	22.32%	22.34%	13.7%
% of Gross Profit	122.06%	122.06%	118.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization		$1.640M	$1.000M
YoY Change		-15.46%	7.53%
% of Gross Profit		13.01%	9.42%
Operating Expenses	$15.18M	$15.39M	$12.31M
YoY Change	23.3%	25.03%	16.44%
Operating Profit	-$2.571M	-$2.782M	-$1.695M
YoY Change	51.65%	64.62%	132.35%
Interest Expense	-$1.145M	$1.145M	-$723.3K
YoY Change	58.3%	-259.03%	95.9%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$3.716M	-$3.716M	-$2.557M
YoY Change	45.32%	45.16%	132.69%
Income Tax	-$493.0K	-$493.0K	-$10.13K
% Of Pretax Income
Net Earnings	-$3.239M	-$3.239M	-$2.532M
YoY Change	27.93%	28.02%	104.32%
Net Earnings / Revenue	-4.47%	-4.47%	-3.67%
Basic Earnings Per Share		-$0.10
Diluted Earnings Per Share	-$0.10	-$0.10	-$0.07
COMMON SHARES
Basic Shares Outstanding	35.55M shares	33.93M shares
Diluted Shares Outstanding		33.93M shares

Balance Sheet

Concept	2024 Q1	2024	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$7.648M	$7.648M	$9.070M
YoY Change	-15.68%	-15.68%	76.46%
Cash & Equivalents	$7.648M	$7.648M	$9.070M
Short-Term Investments
Other Short-Term Assets	$3.810M	$3.810M	$1.170M
YoY Change	225.64%	225.64%	-10.69%
Inventory	$55.00K	$55.00K	$140.0K
Prepaid Expenses
Receivables	$18.45M	$19.82M	$17.05M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$31.33M	$31.33M	$27.44M
YoY Change	14.19%	14.19%	46.04%
LONG-TERM ASSETS
Property, Plant & Equipment	$10.08M	$13.49M	$14.05M
YoY Change	-28.24%	-4.0%	13.03%
Goodwill	$667.0K		$693.0K
YoY Change	-3.75%
Intangibles	$21.00K		$93.00K
YoY Change	-77.42%
Long-Term Investments
YoY Change
Other Assets			$550.0K
YoY Change			-29.49%
Total Long-Term Assets	$14.18M	$14.18M	$15.38M
YoY Change	-7.83%	-7.83%	6.73%
TOTAL ASSETS
Total Short-Term Assets	$31.33M	$31.33M	$27.44M
Total Long-Term Assets	$14.18M	$14.18M	$15.38M
Total Assets	$45.51M	$45.51M	$42.82M
YoY Change	6.28%	6.28%	28.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$9.406M	$9.406M	$10.90M
YoY Change	-13.71%	-13.71%	25.43%
Accrued Expenses	$1.989M	$1.989M	$1.640M
YoY Change	21.28%	21.28%	124.66%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$11.28M	$11.35M	$11.98M
YoY Change	-5.87%	-5.28%	385.02%
Total Short-Term Liabilities	$22.74M	$22.74M	$24.52M
YoY Change	-7.25%	-7.25%	97.26%
LONG-TERM LIABILITIES
Long-Term Debt	$5.705M	$5.956M	$7.350M
YoY Change	-22.38%	-18.97%	-1.34%
Other Long-Term Liabilities	$1.501M	$1.501M	$1.390M
YoY Change	7.99%	7.99%	2.21%
Total Long-Term Liabilities	$5.705M	$7.457M	$8.740M
YoY Change	-34.73%	-14.68%	-0.79%
TOTAL LIABILITIES
Total Short-Term Liabilities	$22.74M	$22.74M	$24.52M
Total Long-Term Liabilities	$5.705M	$7.457M	$8.740M
Total Liabilities	$30.45M	$30.52M	$34.04M
YoY Change	-10.55%	-10.35%	54.59%
SHAREHOLDERS EQUITY
Retained Earnings	-$9.049M		-$5.810M
YoY Change	55.75%
Common Stock	$23.12M		$13.64M
YoY Change	69.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$14.99M	$14.99M	$8.780M
YoY Change
Total Liabilities & Shareholders Equity	$45.51M	$45.51M	$42.82M
YoY Change	6.28%	6.28%	28.98%

Cashflow Statement

Concept	2024 Q1	2024	2023 Q1
OPERATING ACTIVITIES
Net Income	-$3.239M	-$3.239M	-$2.532M
YoY Change	27.93%	28.02%	104.32%
Depreciation, Depletion And Amortization		$1.640M	$1.000M
YoY Change		-15.46%	7.53%
Cash From Operating Activities		-$9.082M	$2.740M
YoY Change		185.6%	-9.87%
INVESTING ACTIVITIES
Capital Expenditures		$909.0K	$480.0K
YoY Change		-54.55%	269.23%
Acquisitions
YoY Change
Other Investing Activities		$102.0K	$410.0K
YoY Change		-88.28%	241.67%
Cash From Investing Activities		-$807.0K	-$70.00K
YoY Change		-28.58%	250.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$9.473M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		$8.181M	1.860M
YoY Change		2.13%	-239.85%
NET CHANGE
Cash From Operating Activities		-$9.082M	2.740M
Cash From Investing Activities		-$807.0K	-70.00K
Cash From Financing Activities		$8.181M	1.860M
Net Change In Cash		-$1.708M	4.530M
YoY Change		-146.16%	168.05%
FREE CASH FLOW
Cash From Operating Activities		-$9.082M	$2.740M
Capital Expenditures		$909.0K	$480.0K
Free Cash Flow		-$9.991M	$2.260M
YoY Change		92.88%	-22.34%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024	dei	Document Type DocumentType	20-F
CY2024	dei	Document Registration Statement DocumentRegistrationStatement	false
CY2024	dei	Document Annual Report DocumentAnnualReport	true
CY2024	dei	Document Period End Date DocumentPeriodEndDate	2024-03-31
CY2024	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-31
CY2024	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024	dei	Document Transition Report DocumentTransitionReport	false
CY2024	dei	Document Shell Company Report DocumentShellCompanyReport	false
CY2024	dei	Entity File Number EntityFileNumber	001-41829
CY2024	dei	Entity Registrant Name EntityRegistrantName	PRIMECH HOLDINGS LTD.
CY2024	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	U0
CY2024	dei	Entity Address Address Line1 EntityAddressAddressLine1	23
CY2024	dei	Entity Address City Or Town EntityAddressCityOrTown	Ubi Crescent
CY2024	dei	Entity Address Country EntityAddressCountry	SG
CY2024	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	408579
CY2024	dei	Security12b Title Security12bTitle	Ordinary Shares
CY2024	dei	Trading Symbol TradingSymbol	PMEC
CY2024	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	35550000	shares
CY2024	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2024	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2024	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2024	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2024	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2024	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2024	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2024	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2024	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2024	dei	Document Accounting Standard DocumentAccountingStandard	U.S. GAAP
CY2024	dei	Entity Shell Company EntityShellCompany	false
CY2024	dei	Auditor Firm AuditorFirmId	572
CY2024	dei	Auditor Name AuditorName	Weinberg & Company, P.A
CY2024	dei	Auditor Location AuditorLocation	Los Angeles, California
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7648000	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	9072000	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	18452000	usd
CY2023Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	15364000	usd
CY2024Q1	pmec	Government Subsidies Receivables GovernmentSubsidiesReceivables	1368000	usd
CY2023Q1	pmec	Government Subsidies Receivables GovernmentSubsidiesReceivables	1684000	usd
CY2024Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	3810000	usd
CY2023Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1175000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	55000	usd
CY2023Q1	us-gaap	Inventory Net InventoryNet	141000	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	31333000	usd
CY2023Q1	us-gaap	Assets Current AssetsCurrent	27436000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	10082000	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	10920000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3406000	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3128000	usd
CY2024Q1	us-gaap	Goodwill Goodwill	667000	usd
CY2023Q1	us-gaap	Goodwill Goodwill	693000	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	21000	usd
CY2023Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	93000	usd
CY2023Q1	us-gaap	Deferred Costs DeferredCosts	553000	usd
CY2024Q1	us-gaap	Assets Assets	45509000	usd
CY2023Q1	us-gaap	Assets Assets	42823000	usd
CY2024Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	9406000	usd
CY2023Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	10899000	usd
CY2024Q1	us-gaap	Notes Payable Current NotesPayableCurrent	11277000	usd
CY2023Q1	us-gaap	Notes Payable Current NotesPayableCurrent	11905000	usd
CY2024Q1	pmec	Lease Liabilities Current LeaseLiabilitiesCurrent	2059000	usd
CY2023Q1	pmec	Lease Liabilities Current LeaseLiabilitiesCurrent	1718000	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	22742000	usd
CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	24522000	usd
CY2024Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	5705000	usd
CY2023Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	7114000	usd
CY2024Q1	pmec	Lease Liabilities Non Current LeaseLiabilitiesNonCurrent	1752000	usd
CY2023Q1	pmec	Lease Liabilities Non Current LeaseLiabilitiesNonCurrent	1628000	usd
CY2024Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	251000	usd
CY2023Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	726000	usd
CY2024Q1	us-gaap	Liabilities Liabilities	30450000	usd
CY2023Q1	us-gaap	Liabilities Liabilities	33990000	usd
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	35550000	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	35550000	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	32500000	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	32500000	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	22193000	usd
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	12720000	usd
CY2024Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	924000	usd
CY2023Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	924000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	923000	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	947000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-9049000	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-5810000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	14991000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	8781000	usd
CY2024Q1	us-gaap	Minority Interest MinorityInterest	68000	usd
CY2023Q1	us-gaap	Minority Interest MinorityInterest	52000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	15059000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8833000	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	45509000	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	42823000	usd
CY2024	us-gaap	Revenues Revenues	72524000	usd
CY2023	us-gaap	Revenues Revenues	69026000	usd
CY2024	pmec	Cost Of Revenue Net Of Government Subsidies CostOfRevenueNetOfGovernmentSubsidies	2550000	usd
CY2023	pmec	Cost Of Revenue Net Of Government Subsidies CostOfRevenueNetOfGovernmentSubsidies	4220000	usd
CY2024	us-gaap	Cost Of Revenue CostOfRevenue	59915000	usd
CY2023	us-gaap	Cost Of Revenue CostOfRevenue	58410000	usd
CY2024	pmec	General And Administrative Expenses Net Of Government Subsidies GeneralAndAdministrativeExpensesNetOfGovernmentSubsidies	68000	usd
CY2023	pmec	General And Administrative Expenses Net Of Government Subsidies GeneralAndAdministrativeExpensesNetOfGovernmentSubsidies	170000	usd
CY2024	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	13160000	usd
CY2023	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12304000	usd
CY2024	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	2231000	usd
CY2023	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	279000	usd
CY2023	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	138000	usd
CY2024	us-gaap	Costs And Expenses CostsAndExpenses	75306000	usd
CY2023	us-gaap	Costs And Expenses CostsAndExpenses	71131000	usd
CY2024	us-gaap	Operating Income Loss OperatingIncomeLoss	-2782000	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	-2105000	usd
CY2024	pmec	Other Operating Income Net Of Government Subsidies OtherOperatingIncomeNetOfGovernmentSubsidies	202000	usd
CY2023	pmec	Other Operating Income Net Of Government Subsidies OtherOperatingIncomeNetOfGovernmentSubsidies	202000	usd
CY2024	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	211000	usd
CY2023	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	271000	usd
CY2024	us-gaap	Interest Expense InterestExpense	1145000	usd
CY2023	us-gaap	Interest Expense InterestExpense	723000	usd
CY2024	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3716000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2557000	usd
CY2024	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-493000	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-10000	usd
CY2024	us-gaap	Profit Loss ProfitLoss	-3223000	usd
CY2023	us-gaap	Profit Loss ProfitLoss	-2547000	usd
CY2024	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	16000	usd
CY2023	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-15000	usd
CY2024	us-gaap	Net Income Loss NetIncomeLoss	-3239000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-2532000	usd
CY2024	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-24000	usd
CY2023	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	138000	usd
CY2024	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-3263000	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-2394000	usd
CY2024	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.1
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.08
CY2024	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	33929000	shares
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	32500000	shares
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	11242000	usd
CY2023	us-gaap	Profit Loss ProfitLoss	-2547000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	138000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8833000	usd
CY2024	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	9473000	usd
CY2024	us-gaap	Profit Loss ProfitLoss	-3223000	usd
CY2024	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	-24000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	15059000	usd
CY2024	us-gaap	Profit Loss ProfitLoss	-3223000	usd
CY2023	us-gaap	Profit Loss ProfitLoss	-2547000	usd
CY2024	us-gaap	Depreciation Depreciation	1640000	usd
CY2023	us-gaap	Depreciation Depreciation	1637000	usd
CY2024	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	2203000	usd
CY2023	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	1716000	usd
CY2024	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	13000	usd
CY2023	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	186000	usd
CY2024	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	29000	usd
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	303000	usd
CY2023	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	138000	usd
CY2024	us-gaap	Increase Decrease In Other Deferred Liability IncreaseDecreaseInOtherDeferredLiability	-454000	usd
CY2024	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	3330000	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	3152000	usd
CY2024	pmec	Increase Decreasein Government Subsidies Receivables IncreaseDecreaseinGovernmentSubsidiesReceivables	290000	usd
CY2023	pmec	Increase Decreasein Government Subsidies Receivables IncreaseDecreaseinGovernmentSubsidiesReceivables	-1310000	usd
CY2024	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2657000	usd
CY2023	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-152000	usd
CY2024	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-84000	usd
CY2023	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-6000	usd
CY2024	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1329000	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1970000	usd
CY2024	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-2322000	usd
CY2023	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-1683000	usd
CY2023	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	-228000	usd
CY2024	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-9082000	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3184000	usd
CY2024	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	909000	usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2004000	usd
CY2024	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	102000	usd
CY2023	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	871000	usd
CY2024	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-807000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1133000	usd
CY2024	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	9473000	usd
CY2024	pmec	Deferred Offering Cost DeferredOfferingCost	545000	usd
CY2023	pmec	Deferred Offering Cost DeferredOfferingCost	236000	usd
CY2024	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	86000	usd
CY2023	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	524000	usd
CY2024	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	3163000	usd
CY2023	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	1293000	usd
CY2024	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	1412000	usd
CY2023	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	9908000	usd
CY2023	us-gaap	Payments Of Dividends PaymentsOfDividends	317000	usd
CY2024	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	8181000	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	8010000	usd
CY2024	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-1708000	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	3693000	usd
CY2024	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	284000	usd
CY2023	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	235000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	9072000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5144000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7648000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	9072000	usd
CY2024	pmec	Acquisition Of Equipment Under Finance Leases AcquisitionOfEquipmentUnderFinanceLeases	173000	usd
CY2023	pmec	Acquisition Of Equipment Under Finance Leases AcquisitionOfEquipmentUnderFinanceLeases	102000	usd
CY2024	pmec	Recognition Of Right Of Use Assets And Liabilities RecognitionOfRightOfUseAssetsAndLiabilities	2553000	usd
CY2023	pmec	Recognition Of Right Of Use Assets And Liabilities RecognitionOfRightOfUseAssetsAndLiabilities	3380000	usd
CY2024	dei	Entity Incorporation Date Of Incorporation EntityIncorporationDateOfIncorporation	2020-12-29
CY2024	us-gaap	Profit Loss ProfitLoss	-3223000	usd
CY2024	pmec	Government Subsidies GovernmentSubsidies	2820000	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7648000	usd
CY2024	pmec	Working Capital WorkingCapital	8591000	usd
CY2024	us-gaap	Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions	0.80	pure
CY2024	us-gaap	Use Of Estimates UseOfEstimates	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Use of estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates. On an ongoing basis, management reviews its estimates and if deemed appropriate, those estimates are adjusted. Significant estimates include those related to assumptions used in valuing reserves of uncollectible accounts receivable, assumptions used in valuing assets acquired in business acquisitions, impairment testing of goodwill and other long-term assets, the valuation allowance for deferred tax assets, and accruals for potential liabilities.</p>
CY2024	pmec	Government Subsidies Related To Income GovernmentSubsidiesRelatedToIncome	2820000	usd
CY2023	pmec	Government Subsidies Related To Income GovernmentSubsidiesRelatedToIncome	4592000	usd
CY2024	us-gaap	Other Nonoperating Asset Related Income OtherNonoperatingAssetRelatedIncome	171000	usd
CY2023	us-gaap	Other Nonoperating Asset Related Income OtherNonoperatingAssetRelatedIncome	129000	usd
CY2024Q1	pmec	Government Subsidies Receivable Current GovernmentSubsidiesReceivableCurrent	1368000	usd
CY2023Q1	pmec	Government Subsidies Receivable Current GovernmentSubsidiesReceivableCurrent	1684000	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7648000	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	9072000	usd
CY2024Q1	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	4068000	usd
CY2023Q1	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	3578000	usd
CY2024	pmec	Reserve For Uncollectible Amount ReserveForUncollectibleAmount	448000	usd
CY2023	pmec	Reserve For Uncollectible Amount ReserveForUncollectibleAmount	454000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife	P5Y
CY2023	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	138000	usd
CY2024	us-gaap	Advertising Expense AdvertisingExpense	2231000	usd
CY2023	us-gaap	Advertising Expense AdvertisingExpense	262000	usd
CY2024	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Concentration</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the year ended March 31, 2024, one customer accounted for 10.0% of our total revenue and no customer accounted for more than 10% of our accounts receivable. For the year ended March 31, 2023, one customer accounted for 10.4% of our total revenue and one customer accounted for 12.1% of our accounts receivable.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the year ended March 31, 2024 and 2023, there were no vendors that accounted for more than 10% of our total operating costs and expenses. At March 31, 2024 and 2023, no vendors accounted for more than 10% of accounts payable.</p>
CY2024	us-gaap	Revenues Revenues	72524000	usd
CY2023	us-gaap	Revenues Revenues	69026000	usd
CY2024	us-gaap	Revenues Revenues	72524000	usd
CY2023	us-gaap	Revenues Revenues	69026000	usd
CY2024Q1	us-gaap	Accounts Receivable Gross AccountsReceivableGross	14832000	usd
CY2023Q1	us-gaap	Accounts Receivable Gross AccountsReceivableGross	12240000	usd
CY2024Q1	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	4068000	usd
CY2023Q1	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	3578000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	448000	usd
CY2023Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	454000	usd
CY2024Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	18452000	usd
CY2023Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	15364000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	448000	usd
CY2023Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	454000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	18046000	usd
CY2023Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	18289000	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	7964000	usd
CY2023Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	7369000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	10082000	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	10920000	usd
CY2024	us-gaap	Depreciation Depreciation	1640000	usd
CY2023	us-gaap	Depreciation Depreciation	1637000	usd
CY2024Q1	us-gaap	Prepaid Advertising PrepaidAdvertising	1019000	usd
CY2024Q1	us-gaap	Deposits Assets Current DepositsAssetsCurrent	1816000	usd
CY2023Q1	us-gaap	Deposits Assets Current DepositsAssetsCurrent	542000	usd
CY2024Q1	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	975000	usd
CY2023Q1	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	633000	usd
CY2024Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	3810000	usd
CY2023Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1175000	usd
CY2024	pmec	Depreciation Of Asset Under Finance Lease DepreciationOfAssetUnderFinanceLease	68000	usd
CY2023	pmec	Depreciation Of Asset Under Finance Lease DepreciationOfAssetUnderFinanceLease	106000	usd
CY2024	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	34000	usd
CY2023	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	54000	usd
CY2024	us-gaap	Lease Cost LeaseCost	102000	usd
CY2023	us-gaap	Lease Cost LeaseCost	160000	usd
CY2024	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	2203000	usd
CY2023	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	1716000	usd
CY2024	us-gaap	Operating Lease Expense OperatingLeaseExpense	504000	usd
CY2023	us-gaap	Operating Lease Expense OperatingLeaseExpense	7000	usd
CY2024	us-gaap	Operating Lease Cost OperatingLeaseCost	2707000	usd
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	1723000	usd
CY2024	us-gaap	Operating Lease Payments OperatingLeasePayments	2322000	usd
CY2023	us-gaap	Operating Lease Payments OperatingLeasePayments	1683000	usd
CY2024	pmec	Financing Cash Flows From Finance Leases FinancingCashFlowsFromFinanceLeases	86000	usd
CY2023	pmec	Financing Cash Flows From Finance Leases FinancingCashFlowsFromFinanceLeases	523000	usd
CY2024	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	2408000	usd
CY2023	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	2206000	usd
CY2024Q1	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	519000	usd
CY2023Q1	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	402000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3406000	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3128000	usd
CY2024Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	251000	usd
CY2023Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	235000	usd
CY2024Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	70000	usd
CY2023Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	78000	usd
CY2024Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	321000	usd
CY2023Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	313000	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1501000	usd
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1393000	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1989000	usd
CY2023Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1639000	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	3490000	usd
CY2023Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	3032000	usd
CY2024Q1	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P2Y9M18D
CY2023Q1	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P2Y9M18D
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P1Y7M6D
CY2023Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P1Y9M18D
CY2024Q1	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.044	pure
CY2023Q1	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.039	pure
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.056	pure
CY2023Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.03	pure
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	81000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	2104000	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	83000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1060000	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	75000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	336000	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	62000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	141000	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Year Five FinanceLeaseLiabilityPaymentsDueYearFive	12000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	18000	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due After Year Five FinanceLeaseLiabilityPaymentsDueAfterYearFive	58000	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	371000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	3659000	usd
CY2024Q1	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	50000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	169000	usd
CY2024Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	321000	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	3490000	usd
CY2024Q1	us-gaap	Notes Payable NotesPayable	16982000	usd
CY2023Q1	us-gaap	Notes Payable NotesPayable	19019000	usd
CY2024Q1	us-gaap	Notes Payable Current NotesPayableCurrent	11277000	usd
CY2023Q1	us-gaap	Notes Payable Current NotesPayableCurrent	11905000	usd
CY2024Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	5705000	usd
CY2023Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	7114000	usd
CY2020Q4	us-gaap	Debt Instrument Periodic Payment Interest DebtInstrumentPeriodicPaymentInterest	2	usd
CY2024Q1	us-gaap	Accounts Receivable Sale AccountsReceivableSale	8893000	usd
CY2024Q1	us-gaap	Accounts Receivable Sale AccountsReceivableSale	11985	sgd
CY2023	us-gaap	Accounts Receivable Sale AccountsReceivableSale	5527000	usd
CY2023	us-gaap	Accounts Receivable Sale AccountsReceivableSale	7334	sgd
CY2024Q1	us-gaap	Accounts Receivable Purchase AccountsReceivablePurchase	1805000	usd
CY2024Q1	us-gaap	Accounts Receivable Purchase AccountsReceivablePurchase	2433	sgd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	11277000	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	1470000	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	276000	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	193000	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	3766000	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	16982000	usd
CY2024Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	11277000	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	5705000	usd
CY2024	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-39000	usd
CY2023	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-8000	usd
CY2024	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-454000	usd
CY2023	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2000	usd
CY2024	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-493000	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-10000	usd
CY2024	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-780000	usd
CY2023	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-537000	usd
CY2024	pmec	Effective Income Tax Rate Reconciliation Deferred Tax Assets Not Recognized EffectiveIncomeTaxRateReconciliationDeferredTaxAssetsNotRecognized	197000	usd
CY2023	pmec	Effective Income Tax Rate Reconciliation Deferred Tax Assets Not Recognized EffectiveIncomeTaxRateReconciliationDeferredTaxAssetsNotRecognized	565000	usd
CY2024	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-452000	usd
CY2023	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-63000	usd
CY2024	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	802000	usd
CY2023	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	69000	usd
CY2023	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	-47000	usd
CY2024	us-gaap	Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost	-260000	usd
CY2023	us-gaap	Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost	-21000	usd
CY2023	us-gaap	Income Tax Reconciliation Nondeductible Expense Other IncomeTaxReconciliationNondeductibleExpenseOther	24000	usd
CY2024	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-493000	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-10000	usd
CY2024Q1	us-gaap	Deferred Tax Liabilities Prepaid Expenses DeferredTaxLiabilitiesPrepaidExpenses	37000	usd
CY2023Q1	us-gaap	Deferred Tax Liabilities Prepaid Expenses DeferredTaxLiabilitiesPrepaidExpenses	38000	usd
CY2024Q1	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	166000	usd
CY2023Q1	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	169000	usd
CY2024Q1	pmec	Deferred Tax Liabilities Basis Difference Of Customer Backlog From Acquisitions DeferredTaxLiabilitiesBasisDifferenceOfCustomerBacklogFromAcquisitions	-5000	usd
CY2023Q1	pmec	Deferred Tax Liabilities Basis Difference Of Customer Backlog From Acquisitions DeferredTaxLiabilitiesBasisDifferenceOfCustomerBacklogFromAcquisitions	251000	usd
CY2023Q1	pmec	Deferred Tax Liabilities Basis Differences Of Customer Relationships From Acquisitions DeferredTaxLiabilitiesBasisDifferencesOfCustomerRelationshipsFromAcquisitions	208000	usd
CY2023Q1	pmec	Deferred Tax Liabilities Basis Difference Of Real Estate Held For Investment DeferredTaxLiabilitiesBasisDifferenceOfRealEstateHeldForInvestment	37000	usd
CY2024Q1	pmec	Deferred Tax Liabilities Property Plant And Equipments DeferredTaxLiabilitiesPropertyPlantAndEquipments	74000	usd
CY2023Q1	pmec	Deferred Tax Liabilities Property Plant And Equipments DeferredTaxLiabilitiesPropertyPlantAndEquipments	34000	usd
CY2024Q1	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	-9000	usd
CY2024Q1	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	263000	usd
CY2023Q1	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	738000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	2360000	usd
CY2023Q1	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	1274000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense DeferredTaxAssetsTaxDeferredExpense	10000	usd
CY2023Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense DeferredTaxAssetsTaxDeferredExpense	10000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Other DeferredTaxAssetsTaxDeferredExpenseOther	2000	usd
CY2023Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Other DeferredTaxAssetsTaxDeferredExpenseOther	2000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	2360000	usd
CY2023Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	1274000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	12000	usd
CY2023Q1	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	12000	usd
CY2024Q1	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	251000	usd
CY2023Q1	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	726000	usd
CY2023Q4	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	3050000	shares
CY2023Q4	us-gaap	Share Price SharePrice	4
CY2023Q4	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	9473000	usd
CY2024Q1	us-gaap	Cash Cash	531000	usd
CY2023Q1	us-gaap	Cash Cash	684000	usd
CY2024	us-gaap	Debt Instrument Issued Principal DebtInstrumentIssuedPrincipal	18891000	usd
CY2024	us-gaap	Debt Instrument Issued Principal DebtInstrumentIssuedPrincipal	22884	sgd
CY2023Q3	us-gaap	Cost Maintenance CostMaintenance	184000	usd
CY2023Q3	us-gaap	Cost Maintenance CostMaintenance	245	sgd
CY2024Q1	us-gaap	Other Commitment OtherCommitment	8141000	usd
CY2024Q1	us-gaap	Other Commitment OtherCommitment	10971	sgd
CY2023Q1	us-gaap	Other Commitment OtherCommitment	6655000	usd
CY2023Q1	us-gaap	Other Commitment OtherCommitment	8831	sgd
CY2024Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2024	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss		usd
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.08
CY2024	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.10
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	32500000	shares
CY2024	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	33929000	shares
CY2024	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill		usd
CY2023	us-gaap	Increase Decrease In Other Deferred Liability IncreaseDecreaseInOtherDeferredLiability		usd
CY2024	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes		usd
CY2023	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock		usd
CY2024	us-gaap	Payments Of Dividends PaymentsOfDividends		usd
CY2023Q1	us-gaap	Prepaid Advertising PrepaidAdvertising		usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive		usd
CY2023Q1	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OperatingLeaseLiability
CY2024Q1	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OperatingLeaseLiability
CY2023Q1	us-gaap	Finance Lease Liability Statement Of Financial Position Extensible List FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#FinanceLeaseLiability
CY2024Q1	us-gaap	Finance Lease Liability Statement Of Financial Position Extensible List FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#FinanceLeaseLiability
CY2023	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments		usd
CY2024	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes		usd
CY2024	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential		usd
CY2024	us-gaap	Income Tax Reconciliation Nondeductible Expense Other IncomeTaxReconciliationNondeductibleExpenseOther		usd
CY2024Q1	pmec	Deferred Tax Liabilities Basis Differences Of Customer Relationships From Acquisitions DeferredTaxLiabilitiesBasisDifferencesOfCustomerRelationshipsFromAcquisitions		usd
CY2024Q1	pmec	Deferred Tax Liabilities Basis Difference Of Real Estate Held For Investment DeferredTaxLiabilitiesBasisDifferenceOfRealEstateHeldForInvestment		usd
CY2023Q1	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther		usd
CY2024	dei	Amendment Flag AmendmentFlag	false
CY2024	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2024	dei	Entity Central Index Key EntityCentralIndexKey	0001891944

Files In Submission

Name	View Source	Status
0001213900-24-063312-index-headers.html	Edgar Link	pending
0001213900-24-063312-index.html	Edgar Link	pending
0001213900-24-063312.txt	Edgar Link	pending
0001213900-24-063312-xbrl.zip	Edgar Link	pending
ea0209416-20f_primech.htm	Edgar Link	pending
ea020941601ex12-1_primech.htm	Edgar Link	pending
ea020941601ex12-2_primech.htm	Edgar Link	pending
ea020941601ex13-1_primech.htm	Edgar Link	pending
ea020941601ex13-2_primech.htm	Edgar Link	pending
ea020941601ex21-1_primech.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_001.jpg	Edgar Link	pending
image_002.jpg	Edgar Link	pending
image_003.jpg	Edgar Link	pending
image_004.jpg	Edgar Link	pending
image_005.jpg	Edgar Link	pending
image_006.jpg	Edgar Link	pending
image_007.jpg	Edgar Link	pending
image_008.jpg	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
ea0209416-20f_primech_htm.xml	Edgar Link	completed
image_009.jpg	Edgar Link	pending
image_010.jpg	Edgar Link	pending
image_011.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
pmec-20240331.xsd	Edgar Link	pending
pmec-20240331_cal.xml	Edgar Link	unprocessable
pmec-20240331_def.xml	Edgar Link	unprocessable
pmec-20240331_lab.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
pmec-20240331_pre.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$PMEC
Primech Holdings Ltd Stock $pmec

2024 Q1 Form 20-F Financial Statement

#000121390024063312 Filed on July 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PMEC Primech Holdings Ltd Stock $pmec

2024 Q1 Form 20-F Financial Statement

#000121390024063312 Filed on July 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PMEC
Primech Holdings Ltd Stock $pmec