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Discontinued Operations (Tables) | 12 Months Ended
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Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Financial Results of Discontinued Operations | Details on assets and liabilities classified as held for disposal in the accompanying consolidated balance sheets are presented in the following table:
|  | Year ended March 31,
|  | 2020 |  | 2019
Assets held for disposal |  |  |  |
Accounts receivable, net of allowances of $0 and $1,589, respectively |  | $ | — |  |  | $ | 1,883 |
Property and equipment, net |  | — |  |  | 143 |
Total assets held for disposal |  | $ | — |  |  | $ | 2,026 |
Liabilities held for disposal |  |  |  |
Accounts payable |  | $ | — |  |  | $ | 3,158 |
Accrued license fees and revenue share |  | — |  |  | 537 |
Accrued compensation |  | — |  |  | 226 |
Other current liabilities |  | — |  |  | 3 |
Total liabilities held for disposal |  | $ | — |  |  | $ | 3,924 |
The following table provides reconciling cash flow information for our discontinued operations:
|  | Year ended March 31,
|  | 2020 |  | 2019 |  | 2018
Cash flows from operating activities |  |  |  |  |  |
Net loss from discontinued operations, net of taxes |  | $ | (380 | ) |  | $ | (1,708 | ) |  | $ | (33,160 | )
Adjustments to reconcile net loss to net cash used in operating activities: |  |  |  |  |  |
Depreciation and amortization |  | 19 |  |  | 279 |  |  | 1,037 |
Change in allowance for doubtful accounts |  | (1,589 | ) |  | 1,011 |  |  | 194 |
Loss on disposal of fixed assets |  | 109 |  |  | — |  |  | — |
Stock-based compensation |  | — |  |  | 37 |  |  | 189 |
Impairment of intangible assets |  | — |  |  | — |  |  | 1,065 |
Impairment of goodwill |  | — |  |  | — |  |  | 34,045 |
(Increase) / decrease in assets: |  |  |  |  |  |
Accounts receivable |  | 3,472 |  |  | 5,119 |  |  | (1,928 | )
Goodwill |  | — |  |  | 309 |  |  | — |
Prepaid expenses and other current assets |  | — |  |  | 54 |  |  | 8 |
Increase / (decrease) in liabilities: |  |  |  |  |  |
Accounts payable |  | (3,158 | ) |  | (5,631 | ) |  | 708 |
Accrued license fees and revenue share |  | (537 | ) |  | (2,522 | ) |  | (2,459 | )
Accrued compensation |  | (226 | ) |  | (303 | ) |  | (24 | )
Other current liabilities |  | (3 | ) |  | (346 | ) |  | 25 |
Other non-current liabilities |  | — |  |  | — |  |  | (24 | )
Cash used in operating activities |  | (2,293 | ) |  | (3,701 | ) |  | (324 | )
Cash flows from investing activities |  |  |  |  |  |
Capital expenditures |  | — |  |  | — |  |  | (142 | )
Cash used in investing activities |  | — |  |  | — |  |  | (142 | )
Cash used in discontinued operations |  | $ | (2,293 | ) |  | $ | (3,701 | ) |  | $ | (466 | )
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)
|  | Year ended March 31,
|  | 2020 |  | 2019 |  | 2018
Net revenues |  | — |  |  | 3,970 |  |  | 48,877 |
Total cost of revenues |  | (1,202 | ) |  | 1,788 |  |  | 42,950 |
Gross profit |  | 1,202 |  |  | 2,182 |  |  | 5,927 |
Product development |  | 60 |  |  | 732 |  |  | 2,194 |
Sales and marketing |  | — |  |  | 350 |  |  | 1,444 |
General and administrative |  | 1,433 |  |  | 2,671 |  |  | 1,835 |
Income / (loss) from operations |  | (291 | ) |  | (1,571 | ) |  | 454 |
Loss on impairment of goodwill |  | — |  |  | — |  |  | (34,045 | )
Interest and other income / (expense), net |  | (89 | ) |  | (137 | ) |  | 431 |
Loss from discontinued operations before income taxes |  | (380 | ) |  | (1,708 | ) |  | (33,160 | )
Income tax provision / (benefit) |  | — |  |  | — |  |  | — |
Loss from discontinued operations, net of taxes |  | (380 | ) |  | (1,708 | ) |  | (33,160 | )
Foreign currency translation adjustment |  | — |  |  | — |  |  | — |
Comprehensive loss |  | (380 | ) |  | (1,708 | ) |  | (33,160 | )
Basic and diluted net loss per common share |  | $ | — |  |  | $ | (0.02 | ) |  | $ | (0.47 | )
Weighted-average common shares outstanding, basic |  | 84,594 |  |  | 77,440 |  |  | 70,263 |
Weighted-average common shares outstanding, diluted |  | 89,558 |  |  | 77,440 |  |  | 70,263 |

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