XML 42 R27.htm IDEA: XBRL DOCUMENT
v3.22.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of components of income tax expense benefit |
|  | For the Fiscal Year Ended March 31, |
(In thousands) |  | 2022 |  |  | 2021 |
Federal: |  |  |  |  |  |
Current |  | $ | — |  |  | $ | — |
Deferred |  |  | 672 |  |  |  | — |
Total federal |  |  | 672 |  |  |  | — |
State: |  |  |  |  |  |  |  |
Current |  |  | (100 | ) |  |  | 315 |
Deferred |  |  | 216 |  |  |  | — |
Total State |  |  | 116 |  |  |  | 315 |
Income tax benefit (expense) |  | $ | 788 |  |  | $ | 315 |
Schedule of net deferred tax |
|  | As of March 31, |
(In thousands) |  | 2022 |  |  | 2021 |
Deferred tax assets: |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 15,853 |  |  | $ | 15,019 |
Stock-based compensation |  |  | 2,391 |  |  |  | 934 |
Intangibles |  |  | 5,247 |  |  |  | 5,879 |
Accrued liabilities |  |  | 1,216 |  |  |  | 1,054 |
Allowance for doubtful accounts |  |  | 865 |  |  |  | 845 |
Investments |  |  | 3,797 |  |  |  | 3,857 |
Nondeductible interest expense |  |  | 3,654 |  |  |  | 3,693 |
Other |  |  | 326 |  |  |  | 113 |
Total deferred tax assets before valuation allowance |  |  | 33,349 |  |  |  | 31,394 |
Less: Valuation allowance |  |  | (33,212 | ) |  |  | (30,969 | )
Total deferred tax assets after valuation allowance |  | $ | 137 |  |  | $ | 425 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | (137 | ) |  | $ | (425 | )
Total deferred tax liabilities |  |  | (137 | ) |  |  | (425 | )
Net deferred tax |  | $ | — |  |  | $ | — |
Schedule of united states statutory federal tax rate and our effective tax rate |
|  | For the fiscal years ended March 31, |
|  | 2022 |  |  | 2021 |
Provision at the U.S. statutory federal tax rate |  |  | 21.0 | % |  |  | 21.0 | %
State income taxes, net of federal benefit |  |  | (83.7 | )% |  |  | 5.7 | %
Change in valuation allowance |  |  | 137.0 | % |  |  | (26.7 | )%
Non-deductible expenses |  |  | 31.5 | % |  |  | (3.4 | )%
Executive officer compensation limitation – Section 162(m) |  |  | 2.8 | % |  |  | -- |
PPP loan forgiveness |  |  | (30.9 | )% |  |  | -- |
Losses from non-consolidated entities |  |  | (131.1 | )% |  |  | 3.8 | %
Other |  |  | 0.2 | % |  |  | 0.1 | %
Income tax benefit /(expense) |  |  | (53.2 | )% |  |  | 0.5 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration