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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

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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