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Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Dec. 31, 2022
Accounting Policies [Abstract] |
Schedule of estimated useful lives of property and equipment, net |
Computer equipment and software |  |  | 3 - 5 years |
Digital cinema projection systems |  |  | 10 years |
Machinery and equipment |  |  | 3 - 10 years |
Furniture and fixtures |  |  | 3 - 6 years |
Internal-Use Software |  |  | 5 years |
Schedule of amortization expense |
Content Library |  |  | 3 – 20 years |
Advertiser Relationships and Channel |  |  | 3 – 13 years |
Customer Relationships |  |  | 5 – 13 years |
Software |  |  | 10 years |
Trademarks and Tradenames |  |  | 2 – 15 years |
Supplier Agreements |  |  | 2 years |
Schedule of intangible assets |
As of December 31, 2022 |  | Cost Basis |  |  | Accumulated Amortization |  |  | Impairment |  |  | Net |
Content Library |  | $ | 23,685 |  |  | $ | (21,038 | ) |  | $ | — |  |  | $ | 2,647 |
Advertiser Relationships and Channel |  |  | 11,104 |  |  |  | (759 | ) |  |  | — |  |  |  | 10,345 |
Customer Relationships |  |  | 10,658 |  |  |  | (7,531 | ) |  |  | (1,968 | ) |  |  | 1,159 |
Software |  |  | 3,200 |  |  |  | (480 | ) |  |  | — |  |  |  | 2,720 |
Trademark and Tradenames |  |  | 4,026 |  |  |  | (2,033 | ) |  |  | — |  |  |  | 1,993 |
Total Intangible Assets |  | $ | 52,673 |  |  | $ | (31,841 | ) |  | $ | (1,968 | ) |  | $ | 18,864 |
As of March 31, 2022 |  | Cost Basis |  |  | Accumulated Amortization |  |  | Impairment |  |  | Net |
Content Library |  | $ | 23,685 |  |  | $ | (20,665 | ) |  | $ | — |  |  | $ | 3,020 |
Advertiser Relationships and Channel |  |  | 10,081 |  |  |  | (161 | ) |  |  | — |  |  |  | 9,920 |
Customer Relationships |  |  | 10,658 |  |  |  | (7,327 | ) |  |  | (1,968 | ) |  |  | 1,363 |
Software |  |  | 3,200 |  |  |  | (240 | ) |  |  | — |  |  |  | 2,960 |
Trademark and Tradenames |  |  | 4,026 |  |  |  | (1,301 | ) |  |  | — |  |  |  | 2,725 |
Supplier Agreements |  |  | 11,430 |  |  |  | (11,384 | ) |  |  | — |  |  |  | 46 |
Total Intangible Assets |  | $ | 63,080 |  |  | $ | (41,078 | ) |  | $ | (1,968 | ) |  | $ | 20,034 |
Schedule of amortization expense for intangible assets |
|  | Total |
Remainder of fiscal year 2023 |  | $ | 1,252 |
2024 |  |  | 3,343 |
2025 |  |  | 2,137 |
2026 |  |  | 1,745 |
2027 |  |  | 1,269 |
Thereafter |  |  | 9,118 |
|  | $ | 18,864 |
Schedule of fair value measurements of our financial assets and liabilities |
|  | As of December 31, 2022 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Equity investment in Metaverse, at fair value |  | $ | — |  |  | $ | — |  |  | $ | 5,200 |  |  | $ | 5,200 |
|  | $ | — |  |  | $ | — |  |  | $ | 5,200 |  |  | $ | 5,200 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Current portion of earnout consideration on purchase of a business |  | $ | — |  |  | $ | — |  |  | $ | 768 |  |  | $ | 768 |
Long-term portion of earnout consideration on purchase of a business |  |  | — |  |  |  | — |  |  |  | 676 |  |  |  | 676 |
|  | $ | — |  |  | $ | — |  |  | $ | 1,444 |  |  | $ | 1,444 |
|  | As of March 31, 2022 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Equity investment in Metaverse, at fair value |  | $ | 7,028 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,028 |
|  | $ | 7,028 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,028 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Current portion of earnout consideration on purchase of a business |  | $ | — |  |  | $ | — |  |  | $ | 1,081 |  |  | $ | 1,081 |
Long-term portion of earnout consideration on purchase of a business |  |  | — |  |  |  | — |  |  |  | 603 |  |  |  | 603 |
|  | $ | — |  |  | $ | — |  |  | $ | 1,684 |  |  | $ | 1,684 |
Schedule of prepaid and other current assets |
|  | As of |
|  | December 31, 2022 |  |  | March 31, 2022 |
Advances |  | $ | 3,244 |  |  | $ | 2,117 |
Due from producers |  |  | 1,549 |  |  |  | 1,861 |
Other receivables |  |  | 1,134 |  |  |  | 826 |
Inventory |  |  | 209 |  |  |  | 116 |
Other prepaid expenses |  |  | 1,167 |  |  |  | 989 |
Total prepaid and other current assets |  | $ | 7,303 |  |  | $ | 5,909 |
Schedule of accounts payable and accrued expenses |
|  | As of |
|  | December 31, 2022 |  |  | March 31, 2022 |
Accounts payable |  | $ | 17,720 |  |  | $ | 34,177 |
Amounts due to producers |  |  | 15,967 |  |  |  | 10,430 |
Accrued compensation and benefits |  |  | 3,390 |  |  |  | 3,507 |
Accrued other expenses |  |  | 3,642 |  |  |  | 3,911 |
Total accounts payable and accrued expenses |  | $ | 40,719 |  |  | $ | 52,025 |
Schedule of revenue disaggregation | The following tables present the Company’s disaggregated revenue by segment and source (in thousands):
|  | Three Months Ended December 31, |  |  | Nine Months Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Cinema Equipment: |  |  |  |  |  |  |  |  |  |  |  |
Deployment |  | $ | 7,458 |  |  | $ | 220 |  |  | $ | 9,340 |  |  | $ | 1,263 |
Services |  |  | (316 | ) |  |  | 506 |  |  |  | (88 | ) |  |  | 1,171 |
Digital system sales |  |  | 44 |  |  |  | 1,334 |  |  |  | 1,966 |  |  |  | 9,110 |
Total Cinema Equipment revenue |  | $ | 7,186 |  |  | $ | 2,060 |  |  | $ | 11,218 |  |  | $ | 11,544 |
Content & Entertainment: |  |  |  |  |  |  |  |  |  |  |  |
Base distribution business |  | $ | 8,121 |  |  | $ | 3,668 |  |  | $ | 11,145 |  |  | $ | 6,368 |
OTT streaming and digital |  |  | 12,575 |  |  |  | 8,356 |  |  |  | 33,115 |  |  |  | 21,290 |
Total Content & Entertainment revenue |  | $ | 20,696 |  |  | $ | 12,024 |  |  | $ | 44,260 |  |  | $ | 27,658 |
Total revenue |  | $ | 27,882 |  |  | $ | 14,084 |  |  | $ | 55,478 |  |  | $ | 39,202 |
Schedule of basic and diluted net income (loss) per share | Basic and diluted net income (loss) per share are computed as follows (in thousands, except share and per share data):
|  | Three Months Ended December 31, |  |  | Nine Months Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Basic net income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders |  | $ | 4,926 |  |  | $ | (474 | ) |  | $ | (6,919 | ) |  |  | 4,351 |
Shares used in basic computation: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares of common stock outstanding |  |  | 178,899,605 |  |  |  | 173,167,450 |  |  |  | 177,077,803 |  |  |  | 169,413,873 |
Basic net income (loss) per share |  | $ | 0.03 |  |  | $ | (0.00 | ) |  | $ | (0.04 | ) |  | $ | 0.03 |
Shares used in diluted computation: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares of common stock outstanding |  |  | 178,899,605 |  |  |  | 173,167,450 |  |  |  | 177,077,803 |  |  |  | 169,413,873 |
Stock options and SARs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,603,491 |
Weighted-average number of shares |  |  | 178,899,605 |  |  |  | 173,167,450 |  |  |  | 177,077,803 |  |  |  | 173,017,364 |
Diluted net income (loss) per share |  | $ | 0.03 |  |  | $ | (0.00 | ) |  | $ | (0.04 | ) |  | $ | 0.03 |
Schedule of potential shares of common stock | The following table summarizes the potential shares of common stock excluded from the diluted calculation (in thousands):
|  | Three Months Ended December 31, 2022 |  |  | Nine Months Ended December 31, 2022 |
SARs |  |  |  |  | 13,471,351 |  |  |  |  |  | 12,787,403 |
Stock options |  |  |  |  | 12,500 |  |  |  |  |  | 12,500 |
|  |  |  |  | 13,483,851 |  |  |  |  |  | 12,799,903 |

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