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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Mar. 31, 2020
Accounting Policies [Abstract] |
Restrictions on cash and cash equivalents | Cash, cash equivalents, and restricted cash consisted of the following:
| As of
(in thousands) | March 31, 2020 |  | March 31, 2019 |
Cash and Cash Equivalents | $ | 14,294 |  |  | $ | 17,872 |
Restricted Cash | 1,000 |  |  | 1,000 |
| $ | 15,294 |  |  | $ | 18,872 |
Estimated useful lives of property and equipment | Depreciation expense is recorded using the straight-line method over the estimated useful lives of the respective assets as follows:
Computer equipment and software | 3 - 5 years
Internal use software | 5 years
Digital cinema projection systems | 10 years
Machinery and equipment | 3 - 10 years
Furniture and fixtures | 3 - 6 years
PROPERTY AND EQUIPMENT Property and equipment, net consisted of the following:
|  | As of March 31,
(In thousands) |  | 2020 |  | 2019
Leasehold improvements |  | $ | 183 |  |  | $ | 231 |
Computer equipment and software |  | 1,051 |  |  | 1,096 |
Software development costs |  | 3,950 |  |  | 3,034 |
Internal use software in process |  | 1,212 |  |  | 1,361 |
Digital cinema projection systems |  | 324,760 |  |  | 336,471 |
Machinery and equipment |  | 437 |  |  | 490 |
Furniture and fixtures |  | 24 |  |  | 146 |
|  | 331,617 |  |  | 342,829 |
Less - accumulated depreciation and amortization |  | (323,650 | ) |  | (328,782 | )
Total property and equipment, net |  | $ | 7,967 |  |  | $ | 14,047 |
Fair Value Measurements of financial assets | The following tables summarize the levels of fair value measurements of our financial assets and liabilities as of March 31, 2020 and 2019:
(In thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Restricted cash |  | $ | 1,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,000 |
Equity investment in Starrise, at fair value |  | 23,433 |  |  | — |  |  | — |  |  | 23,433 |
|  | $ | 24,433 |  |  | $ | — |  | — |  | $ | — |  |  | $ | 24,433 |
Schedule of intangible assets and goodwill | ill and accumulated impairment charges as of March 31, 2020 and 2019 are as follows:
(In thousands) |  |
Goodwill |  | $ | 32,701 |
Accumulated impairment charges |  | (24,000 | )
Net Goodwill at March 31, 2020 and 2019 |  | $ | 8,701 |
Disaggregation of revenue | The following tables present the Company's revenue categories for the years ended March 31,2020 and 2019 (in thousands):
| For the Fiscal Year Ended March 31,
| 2020 |  | 2019
Cinema Equipment Business: |  |  |
Phase I Deployment | $ | 5,476 |  |  | $ | 9,302 |
Phase II Deployment | 1,717 |  |  | 8,651 |
Services | 4,122 |  |  | 5,487 |
Digital System Sales | 1,426 |  |  | 2,759 |
Total Cinema Equipment Business revenue | $ | 12,741 |  |  | $ | 26,199 |
Content & Entertainment Business: |  |  |
Base Distribution Business | $ | 19,222 |  |  | $ | 17,639 |
OTT Streaming and Digital | 7,328 |  |  | 9,696 |
Total Content & Entertainment Business revenue | $ | 26,550 |  |  | $ | 27,335 |
Employee stock-based compensation expense related to stock-based awards | Employee and director stock-based compensation expense related to our stock-based awards was as follows:
|  | For the Fiscal Year Ended March 31,
(In thousands) |  | 2020 |  | 2019
Direct operating |  | $ | — |  |  | $ | — |
Selling, general and administrative |  | 543 |  |  | 1,576 |
Total stock-based compensation expense |  | $ | 543 |  |  | $ | 1,576 |
Schedule of award activity |
|  | For the Fiscal Year Ended March 31, 2020
SARs Outstanding March 31, 2019 |  | 1,462,610 |
Issued |  | — |
Forfeited |  | — |
Total SARs Outstanding March 31, 2020 |  | 1,462,610 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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