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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	%

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- 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

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- 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

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- 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

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