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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

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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