XML 20 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Mar. 31, 2022
Current assets    
Cash and cash equivalents $ 8,796 $ 13,062
Accounts receivable, net of allowance of $2,780 and $2,921, respectively 24,993 30,843
Unbilled revenue 2,681 2,349
Employee retention tax credit 2,475  
Prepaid and other current assets 7,303 5,909
Total current assets 46,248 52,163
Equity investment in Metaverse, a related party, at fair value 5,200 7,028
Property and equipment, net 1,695 1,980
Intangible assets, net 18,864 20,034
Goodwill 21,025 21,084
Other long-term assets 1,863 2,347
Total assets 94,895 104,636
Current liabilities    
Accounts payable and accrued expenses 40,719 52,025
Line of credit, including unamortized debt issuance costs of $133 and $0, respectively 4,867  
Current portion of deferred consideration on purchase of business 4,694 4,513
Other current liabilities 467 454
Total current liabilities 50,747 56,992
Deferred consideration on purchase of business - net of current portion 5,940 6,203
Other long-term liabilities 564 491
Total liabilities 57,251 63,686
Stockholders’ Equity    
Preferred stock, 15,000,000 shares authorized; Series A 10% - $0.001 par value per share; 20 shares authorized; 7 shares issued and 7 shares outstanding at December 31, 2022 and March 31, 2022. Liquidation preference of $3,648 3,559 3,559
Class A Common stock, $0.001 par value; 275,000,000 shares authorized at December 31, 2022 and March 31, 2022, 180,225,330 and 176,629,435 shares issued and 178,909,479 and 175,313,584 shares outstanding at December 31, 2022 and March 31, 2022, respectively 177 174
Additional paid-in capital 526,402 522,601
Treasury stock, at cost; 1,315,851 shares (11,608) (11,608)
Accumulated deficit (479,229) (472,310)
Accumulated other comprehensive loss (389) (163)
Total stockholders’ equity of Cinedigm Corp. 38,912 42,253
Deficit attributable to noncontrolling interest (1,268) (1,303)
Total equity 37,644 40,950
Total liabilities and equity $ 94,895 $ 104,636