XML 58 R8.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Liquidity | 12 Months Ended
--- | ---
Mar. 31, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
Liquidity |
2. | Liquidity
The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. Our primary sources of liquidity have historically been issuance of common and preferred stock and convertible debt. In fiscal year 2014, the Company raised $33,300, through equity financings. The Company did not raise any capital through equity issuance in fiscal year 2015. The Company filed a shelf registration covering $100,000 of primary securities which would enable the Company to raise additional capital should it need it. The registration statement was declared effective by the SEC on April 24, 2015. The Company believes that it will have sufficient resources to continue operations through March 31, 2016; however, additional capital would likely be needed to pursue new opportunities of inorganic growth not currently in our main business plans. As of March 31, 2015, the Company had approximately $7,000 of cash and cash equivalents. Additionally, the Company currently has a $3,500 revolving credit facility in place with Silicon Valley Bank which it uses to fund working capital requirements, as needed. As of March 31, 2015 the outstanding balance on the revolving credit facility was $3,000. Until the Company becomes cash flow positive, the Company anticipates that its primary source of liquidity will be cash on hand and access to the $3,500 revolving credit facility. In addition, the Company may make acquisitions, make new investments in under-capitalized opportunities or invest in organic opportunities including RTB, integration of Content/Pay into advertising infrastructure, new product development, and may need to raise additional capital through future debt or equity financing to provide for greater flexibility to fund any such acquisitions and such organic growth opportunities. Additional financing may not be available on acceptable terms or at all. If the Company issues additional equity securities to raise funds, the ownership percentage of its existing stockholders would be reduced. New investors may demand rights, preferences or privileges senior to those of existing holders of common stock. In view of the matters described in the preceding paragraph, recoverability of a major portion of the recorded asset amounts shown in the accompanying consolidated balance sheet is dependent upon continued operations of the Company, which, in turn, is dependent upon the Company’s ability to generate positive cash flows from operations. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classifications of liabilities that might be necessary should the Company be unable to continue its existence. On June 11, 2015, (the “Closing Date”), our wholly owned subsidiary Digital Turbine Media, Inc. (f/k/a Appia, Inc., f/k/a PocketGear, Inc.), a Delaware corporation (the “Borrower”) and Silicon Valley Bank, a California corporation (“Bank”) entered into a Third Amended and Restated Loan and Security Agreement, pursuant to which Bank has agreed to amend and restate the existing Second Amended and Restated Loan and Security Agreement to increase the revolving line of credit available under such facility from $3,500 to $5,000, to extend the maturity date under the facility to June 30, 2016, and to make certain other changes to the terms of the existing agreement. Refer to section 9B for an update on the Silicon Valley Bank revolving credit facility.

X
- Definition Liquidity. + References No definition available. + Details
Name: | apps_LiquidityTextBlock
Namespace Prefix: | apps_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration