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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Mar. 31, 2019
Current assets    
Cash and cash equivalents $ 14,294 $ 17,872
Accounts receivable, net 34,785 35,510
Inventory, net 582 673
Unbilled revenue 1,992 2,336
Prepaid and other current assets 9,409 8,488
Total current assets 61,062 64,879
Restricted cash 1,000 1,000
Equity investment in Starrise, a related party, at fair value 23,433 0
Property and equipment, net 7,967 14,047
Operating lease right-of use assets 1,210 0
Intangible assets, net 6,924 9,686
Goodwill 8,701 8,701
Other long-term assets 143 526
Total assets 110,440 98,839
Current liabilities    
Accounts payable and accrued expenses 77,085 68,707
Current portion of notes payable, including unamortized debt discount and debt issuance costs of $460 and $1,436, respectively (see Note 5) 37,249 43,319
Current portion of notes payable, non-recourse including unamortized debt discount of $763 and $0, respectively (see Note 5) 11,442 0
Operating leases - current portion 593 0
Current portion of deferred revenue 1,645 1,687
Total current liabilities 128,014 113,713
Notes payable, non-recourse, net of current portion and unamortized debt issuance costs and discounts of $0 and $1,495 respectively (see Note 5) 0 19,132
Operating lease liabilities, net of current portion 684 0
Deferred revenue, net of current portion 919 2,357
Other long-term liabilities 110 205
Total liabilities 129,727 135,407
Commitments and contingencies (see Note 7)
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 March 31, 2020 and 2019. Liquidation preference of $3,648 3,559 3,559
Common stock, $0.001 par value; Class A stock 150,000,000 and 60,000,000 shares authorized at March 31, 2020 and 2019, respectively 63,251,429 and 36,992,433 shares issued and 61,937,593 and 35,678,597 shares outstanding at March 31, 2020 and 2019, respectively. 62 36
Additional paid-in capital 400,784 368,531
Treasury stock, at cost; 1,313,836 Class A common shares at March 31, 2020 and 2019. (11,603) (11,603)
Accumulated deficit (410,904) (395,814)
Accumulated other comprehensive income 92 10
Total stockholders’ deficit of Cinedigm Corp. (18,010) (35,281)
Deficit attributable to noncontrolling interest (1,277) (1,287)
Total deficit (19,287) (36,568)
Total liabilities and deficit $ 110,440 $ 98,839