Asymmetric dark matter (ADM) has been an attractive possibility attempting to explain the observed ratio of baryon to dark matter abundance in the universe. While a bosonic ADM is constrained by the limits from existence of old neutron stars, a fermionic ADM requires an additional light particle in order to annihilate its symmetric component in the early universe. We revisit the phenomenology of a minimal GeV scale fermionic ADM model including a light scalar state. The current constraints on this scenario from cosmology, dark matter direct detection, flavour physics and collider searches are investigated in detail. We estimate the future reach on the model parameter space from next-generation dark matter direct detection experiments, Higgs boson property measurements and search for light scalars at the LHC, as well as the determination of Higgs invisible branching ratio at the proposed ILC.