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Discontinued Operations (Tables) | 6 Months Ended
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Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Financial Results of Discontinued Operations | The following table summarizes the financial results of our discontinued operations for all periods presented herein: Condensed Statements of Operations and Comprehensive Loss For Discontinued Operations (in thousands, except per share amounts) (Unaudited)
|  | Three months ended September 30, |  | Six months ended September 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Net revenues |  | $7 |  | $11,986 |  | $3,877 |  | $22,953
Total cost of revenues |  | (4) |  | 10,234 |  | 3,070 |  | 19,736
Gross profit |  | 11 |  | 1,752 |  | 807 |  | 3,217
Product development |  | 95 |  | 596 |  | 666 |  | 1,180
Sales and marketing |  | 116 |  | 404 |  | 343 |  | 825
General and administrative |  | 142 |  | 537 |  | 1,052 |  | 1,003
Income / (loss) from operations |  | (342) |  | 215 |  | (1,254) |  | 209
Interest and other income / (expense), net |  | (14) |  | (70) |  | (146) |  | (152)
Net income / (loss) from discontinued operations, net of taxes |  | $(356) |  | $145 |  | $(1,400) |  | $57
Comprehensive income / (loss) |  | $(356) |  | $145 |  | $(1,400) |  | $57
Basic and diluted net loss per common share |  | — |  | — |  | (0.02) |  | —
Weighted-average common shares outstanding, basic |  | 77,193 |  | 66,846 |  | 76,644 |  | 66,723
Weighted-average common shares outstanding, diluted |  | 78,780 |  | 66,846 |  | 79,019 |  | 66,723
Details on assets and liabilities classified as held for disposal in the accompanying consolidated balance sheets are presented in the following table:
|  | September 30, 2018 |  | March 31, 2018
|  | (Unaudited) |  |
Assets held for disposal |  |  |  |
Accounts receivable, net of allowances of $209 and $578, respectively |  | $3,156 |  | $8,013
Property and equipment, net |  | 270 |  | 377
Goodwill |  | — |  | 309
Prepaid expenses and other current assets |  | 246 |  | 54
Current assets held for disposal |  | 3,672 |  | 8,753
Total assets held for disposal |  | $3,672 |  | $8,753
Liabilities held for disposal |  |  |  |
Accounts payable |  | $4,432 |  | $8,789
Accrued license fees and revenue share |  | 1,124 |  | 3,059
Accrued compensation |  | 299 |  | 529
Other current liabilities |  | 60 |  | 349
Current liabilities held for disposal |  | 5,915 |  | 12,726
Total liabilities held for disposal |  | $5,915 |  | $12,726
Assets and liabilities held for disposal as of September 30, 2018 and March 31, 2018 are classified as current since we expect the dispositions to be completed within one year. The following table provides reconciling cash flow information for our discontinued operations:
|  | Six months ended September 30,
|  | 2018 |  | 2017
|  | (Unaudited) |  | (Unaudited)
Cash flows from operating activities |  |  |  |
Net income / (loss) from discontinued operations, net of taxes |  | $(1,400) |  | $57
Adjustments to reconcile net loss to net cash used in operating activities: |  |  |  |
Depreciation and amortization |  | 214 |  | 519
Change in allowance for doubtful accounts |  | (369) |  | 31
Stock-based compensation |  | 37 |  | 119
Loss on disposal of fixed assets |  | — |  | —
(Increase) / decrease in assets: |  |  |  |
Accounts receivable |  | 5,328 |  | (1,986)
Goodwill |  | 309 |  |  | —
Prepaid expenses and other current assets |  | (406) |  | 14
Increase / (decrease) in liabilities: |  |  |  |
Accounts payable |  | (4,357) |  | (1,290)
Accrued license fees and revenue share |  | (1,935) |  | 1,084
Accrued compensation |  | (230) |  | 138
Other current liabilities |  | (289) |  | (25)
Cash used in operating activities |  | (3,098) |  | (1,339)
Cash flows from investing activities |  |  |  |
Capital expenditures |  | (41) |  | (75)
Cash used in investing activities |  | (41) |  | (75)
Cash used in discontinued operations |  | $(3,139) |  | $(1,414)

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