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v3.22.4

Segment Reporting (Tables) | 9 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of reportable segments and corporate | The following tables present certain financial information related to our reportable segments and Corporate (in thousands):
|  | As of December 31, 2022 |
|  | Intangible Assets, Net |  |  | Goodwill |  |  | Total Assets |  |  | Line of Credit, Net |
Cinema Equipment |  | $ | — |  |  | $ | — |  |  | $ | 7,977 |  |  | $ | — |
Content & Entertainment |  |  | 18,638 |  |  |  | 21,025 |  |  |  | 77,118 |  |  |  | — |
Corporate |  |  | 226 |  |  |  | — |  |  |  | 9,800 |  |  |  | 4,867 |
Total |  | $ | 18,864 |  |  | $ | 21,025 |  |  | $ | 94,895 |  |  | $ | 4,867 |
|  | As of March 31, 2022 |
|  | Intangible Assets, Net |  |  | Goodwill |  |  | Total Assets |  |  | Line of Credit, Net |
Cinema Equipment |  | $ | — |  |  | $ | — |  |  | $ | 24,445 |  |  | $ | — |
Content & Entertainment |  |  | 19,946 |  |  |  | 21,084 |  |  |  | 68,873 |  |  |  | — |
Corporate |  |  | 88 |  |  |  | — |  |  |  | 11,318 |  |  |  | — |
Total |  | $ | 20,034 |  |  | $ | 21,084 |  |  | $ | 104,636 |  |  | $ | — |
Schedule of Condensed Consolidated Statement of Operations |
|  | Condensed Consolidated Statement of Operations |
|  | Three Months Ended December 31, 2022 |
|  | Cinema Equipment |  |  | Content & Entertainment |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 7,186 |  |  | $ | 20,696 |  |  | $ | — |  |  | $ | 27,882 |
Direct operating |  |  | 89 |  |  |  | 14,322 |  |  |  | — |  |  |  | 14,411 |
Selling, general and administrative |  |  | 912 |  |  |  | 3,794 |  |  |  | 4,401 |  |  |  | 9,107 |
Allocation of corporate overhead |  |  | 88 |  |  |  | 2,407 |  |  |  | (2,495 | ) |  |  | — |
Depreciation and amortization |  |  | 82 |  |  |  | 734 |  |  |  | 108 |  |  |  | 924 |
Total operating expenses |  |  | 1,171 |  |  |  | 21,257 |  |  |  | 2,014 |  |  |  | 24,442 |
Operating income (loss) |  | $ | 6,015 |  |  | $ | (561 | ) |  | $ | (2,014 | ) |  | $ | 3,440 |
|  | Condensed Consolidated Statement of Operations |
|  | Three Months Ended December 31, 2021 |
|  | Cinema Equipment |  |  | Content & Entertainment |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 2,060 |  |  | $ | 12,024 |  |  | $ | — |  |  | $ | 14,084 |
Direct operating |  |  | 139 |  |  |  | 6,320 |  |  |  | — |  |  |  | 6,459 |
Selling, general and administrative |  |  | 99 |  |  |  | 3,720 |  |  |  | 3,539 |  |  |  | 7,358 |
Allocation of corporate overhead |  |  | 143 |  |  |  | 964 |  |  |  | (1,107 | ) |  |  | — |
Depreciation and amortization |  |  | 196 |  |  |  | 831 |  |  |  | 4 |  |  |  | 1,031 |
Total operating expenses |  |  | 577 |  |  |  | 11,835 |  |  |  | 2,436 |  |  |  | 14,848 |
Operating income (loss) |  | $ | 1,483 |  |  | $ | 189 |  |  | $ | (2,436 | ) |  | $ | (764 | )
|  | Condensed Consolidated Statement of Operations |
|  | Nine Months Ended December 31, 2022 |
|  | Cinema Equipment |  |  | Content & Entertainment |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 11,218 |  |  | $ | 44,260 |  |  | $ | — |  |  | $ | 55,478 |
Direct operating |  |  | 359 |  |  |  | 29,500 |  |  |  | — |  |  |  | 29,859 |
Selling, general and administrative |  |  | 2,553 |  |  |  | 11,452 |  |  |  | 15,011 |  |  |  | 29,016 |
Allocation of corporate overhead |  |  | 284 |  |  |  | 7,651 |  |  |  | (7,935 | ) |  |  | — |
Depreciation and amortization |  |  | 303 |  |  |  | 2,282 |  |  |  | 323 |  |  |  | 2,908 |
Total operating expenses |  |  | 3,499 |  |  |  | 50,885 |  |  |  | 7,399 |  |  |  | 61,783 |
Operating income (loss) |  | $ | 7,719 |  |  | $ | (6,625 | ) |  | $ | (7,399 | ) |  | $ | (6,305 | )
|  | Condensed Consolidated Statement of Operations |
|  | Nine Months Ended December 31, 2021 |
|  | Cinema Equipment |  |  | Content & Entertainment |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 11,544 |  |  | $ | 27,658 |  |  | $ | — |  |  | $ | 39,202 |
Direct operating |  |  | 560 |  |  |  | 13,863 |  |  |  | — |  |  |  | 14,423 |
Selling, general and administrative |  |  | 856 |  |  |  | 10,081 |  |  |  | 9,583 |  |  |  | 20,520 |
Allocation of corporate overhead |  |  | 412 |  |  |  | 2,763 |  |  |  | (3,175 | ) |  |  | — |
Depreciation and amortization |  |  | 1,001 |  |  |  | 2,658 |  |  |  | 4 |  |  |  | 3,663 |
Total operating expenses |  |  | 2,829 |  |  |  | 29,365 |  |  |  | 6,412 |  |  |  | 38,606 |
Operating income (loss) |  | $ | 8,715 |  |  | $ | (1,707 | ) |  | $ | (6,412 | ) |  | $ | 596 |
Schedule of employee and director stock-based compensation expense related to our stock-based awards | The following employee and director stock-based compensation expense related to our stock-based awards is included in the above amounts as follows (in thousands):
|  | Three Months Ended December 31, 2022 |
|  | Cinema Equipment |  |  | Content & Entertainment |  |  | Corporate |  |  | Consolidated |
Direct operating |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Selling, general and administrative |  |  | — |  |  |  | — |  |  |  | 708 |  |  |  | 708 |
Total stock-based compensation |  | $ | — |  |  | $ | — |  |  | $ | 708 |  |  | $ | 708 |
The following employee and director stock-based compensation expense related to our stock-based awards is included in the above amounts as follows (in thousands):
|  | Three Months Ended December 31, 2021 |
|  | Cinema Equipment |  |  | Content & Entertainment |  |  | Corporate |  |  | Consolidated |
Direct operating |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Selling, general and administrative |  |  | — |  |  |  | 552 |  |  |  | 797 |  |  |  | 1,349 |
Total stock-based compensation |  | $ | — |  |  | $ | 552 |  |  | $ | 797 |  |  | $ | 1,349 |
The following employee and director stock-based compensation expense related to our stock-based awards is included in the above amounts as follows (in thousands):
|  | Nine Months Ended December 31, 2022 |
|  | Cinema Equipment |  |  | Content & Entertainment |  |  | Corporate |  |  | Consolidated |
Direct operating |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Selling, general and administrative |  |  | — |  |  |  | — |  |  |  | 3,906 |  |  |  | 3,906 |
Total stock-based compensation |  | $ | — |  |  | $ | — |  |  | $ | 3,906 |  |  | $ | 3,906 |
The following employee and director stock-based compensation expense related to our stock-based awards is included in the above amounts as follows (in thousands):
|  | Nine Months Ended December 31, 2021 |
|  | Cinema Equipment |  |  | Content & Entertainment |  |  | Corporate |  |  | Consolidated |
Direct operating |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Selling, general and administrative |  |  | — |  |  |  | 1,063 |  |  |  | 2,215 |  |  |  | 3,278 |
Total stock-based compensation |  | $ | — |  |  | $ | 1,063 |  |  | $ | 2,215 |  |  | $ | 3,278 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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