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Business Combinations (Tables) | 12 Months Ended
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Mar. 31, 2022
Business Combinations [Abstract] |
Schedule of business combinations |
Purchase Price |  |  |
Purchase Price |  | $ | 5,237 |
Total purchase price |  | $ | 5,237 |
Allocation of purchase price |  |  |  |
Developed technology |  |  | 3,200 |
Deferred tax liability |  |  | (888 | )
Goodwill |  |  | 2,925 |
Total allocation of purchase price |  | $ | 5,237 |
Purchase Price |  |  |
Purchase Price |  | $ | 7,780 |
Total purchase price |  | $ | 7,780 |
Allocation of purchase price |  |  |  |
Current assets |  |  | 9 |
Advertiser relationships |  |  | 3,750 |
Trade name |  |  | 1,100 |
Goodwill |  |  | 2,921 |
Total allocation of purchase price |  | $ | 7,780 |
Purchase Price |  |  |
Purchase Price |  | $ | 14,794 |
Total purchase price |  | $ | 14,794 |
Allocation of purchase price |  |  |  |
Cash and cash equivalents |  |  | 862 |
Accounts receivable |  |  | 1,531 |
Prepaid expense |  |  | 55 |
Other receivables |  |  | 3 |
Right of use asset - operating |  |  | 841 |
Furniture & fixtures |  |  | 6 |
Computers and related equipment |  |  | 28 |
Deposits |  |  | 43 |
Channel & platform |  |  | 6,300 |
Content rights |  |  | 299 |
Investment in Kor TV |  |  | 300 |
Goodwill |  |  | 6,537 |
Short term liabilities |  |  | (1,450 | )
Long term liabilities |  |  | (561 | )
Total allocation of purchase price |  | $ | 14,794 |
Schedule of amortization expense per year for the developed technology acquired in the business combinations |
2023 |  | $ | 320 |
2024 |  |  | 320 |
2025 |  |  | 320 |
2026 |  |  | 320 |
2027 |  |  | 320 |
2028 |  |  | 320 |
2029 |  |  | 320 |
2030 |  |  | 320 |
2031 |  |  | 320 |
2032 |  |  | 80 |
Total |  | $ | 2,960 |
Schedule of amortization expense per year for the intangible assets acquired in the business combinations |
|  | Advertiser relationships |  |  | Trade name |  |  | Total |
2023 |  | $ | 313 |  |  | $ | 110 |  |  | $ | 423 |
2024 |  |  | 313 |  |  |  | 110 |  |  |  | 423 |
2025 |  |  | 313 |  |  |  | 110 |  |  |  | 423 |
2026 |  |  | 313 |  |  |  | 110 |  |  |  | 423 |
2027 |  |  | 313 |  |  |  | 110 |  |  |  | 423 |
2028 |  |  | 313 |  |  |  | 110 |  |  |  | 423 |
2029 |  |  | 313 |  |  |  | 110 |  |  |  | 423 |
2030 |  |  | 313 |  |  |  | 110 |  |  |  | 423 |
2031 |  |  | 313 |  |  |  | 110 |  |  |  | 423 |
2032 |  |  | 313 |  |  |  | 55 |  |  |  | 368 |
2033 |  |  | 313 |  |  |  | — |  |  |  | 313 |
2034 |  |  | 151 |  |  |  | — |  |  |  | 151 |
Total |  |  | 3,594 |  |  |  | 1,045 |  |  | $ | 4,639 |
|  | Content Library |  |  | Channel |  |  | Total |
2023 |  | $ | 23 |  |  | $ | 485 |  |  | $ | 508 |
2024 |  |  | 23 |  |  |  | 485 |  |  |  | 508 |
2025 |  |  | 23 |  |  |  | 485 |  |  |  | 508 |
2026 |  |  | 23 |  |  |  | 485 |  |  |  | 508 |
2027 |  |  | 23 |  |  |  | 485 |  |  |  | 508 |
2028 |  |  | 23 |  |  |  | 485 |  |  |  | 508 |
2029 |  |  | 23 |  |  |  | 485 |  |  |  | 508 |
2030 |  |  | 23 |  |  |  | 485 |  |  |  | 508 |
2031 |  |  | 23 |  |  |  | 485 |  |  |  | 508 |
2032 |  |  | 23 |  |  |  | 485 |  |  |  | 508 |
2033 |  |  | 23 |  |  |  | 485 |  |  |  | 508 |
2034 |  |  | 23 |  |  |  | 485 |  |  |  | 508 |
2035 |  |  | 23 |  |  |  | 480 |  |  |  | 503 |
Total |  | $ | 299 |  |  | $ | 6,300 |  |  | $ | 6,599 |
Schedule of consolidated statement of operations |
(In thousands) |  | Total |
|  | 2022 |
Revenue |  | $ | 1,319 |
Net Loss |  | $ | (133 | )
(In thousands) |  | Proforma |
|  | 2022 |  |  | 2021 |
Revenue |  | $ | 64,158 |  |  | $ | 39,513 |
Net Income (Loss) |  | $ | 945 |  |  | $ | (53,570 | )

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