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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Mar. 31, 2017
Current assets    
Cash and cash equivalents $ 9,661 $ 12,566
Accounts receivable, net 26,280 53,608
Inventory 811 1,137
Unbilled revenue 4,668 5,655
Prepaid and other current assets 12,557 13,484
Total current assets 53,977 86,450
Restricted cash 1,000 1,000
Property and equipment, net 25,541 33,138
Intangible assets, net 17,439 20,227
Goodwill 8,701 8,701
Debt issuance costs 546 260
Other assets 1,447 1,558
Total assets 108,651 151,334
Current liabilities    
Accounts payable and accrued expenses 61,306 73,679
Current portion of notes payable 58,746 19,599
Current portion of notes payable, non-recourse (see Note 5) 3,813 6,056
Current portion of capital leases 8 66
Current portion of deferred revenue 2,059 2,461
Total current liabilities 125,932 101,861
Notes payable, non-recourse, net of current portion and unamortized debt issuance costs and debt discounts of $2,430 and $2,701 respectively (see Note 5) 42,519 55,048
Notes payable, net of current portion and unamortized debt issuance costs and debt discounts of $4,165 and $5,340 respectively (see Note 5) 11,670 59,396
Deferred revenue, net of current portion 4,583 5,324
Other long-term liabilities 357 408
Total liabilities 185,061 222,037
Stockholders’ deficit    
Additional paid-in capital 294,494 287,393
Accumulated deficit (373,193) (360,415)
Accumulated other comprehensive loss (53) (38)
Total stockholders’ deficit of Cinedigm Corp. (75,179) (69,489)
Deficit attributable to noncontrolling interest (1,231) (1,214)
Total deficit (76,410) (70,703)
Total liabilities and deficit 108,651 151,334
Series A preferred stock    
Stockholders’ deficit    
Preferred stock, 15,000,000 shares authorized; Series A 10% - $0.001 par value per share; 20 shares authorized; 7 shares issued and outstanding at September 30, 2017 and March 31, 2017, respectively. Liquidation preference of $3,648 3,559 3,559
Class A common stock    
Stockholders’ deficit    
Common stock, $0.001 par value; Class A and Class B stock; Class A stock 25,000,000 shares authorized at September 30, 2017 and March 31, 2017 respectively; 13,745,471 and 11,841,983 shares issued and 13,745,471 and 11,841,983 shares outstanding at September 30, 2017 and March 31, 2017, respectively; $0 and 1,241,000 Class B stock authorized and issued and zero shares outstanding at September 30, 2017 and March 31, 2017, respectively $ 14 $ 12