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Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Sep. 30, 2025
Accounting Policies [Abstract] |
Schedule of estimated useful lives of property and equipment, net | Property and equipment, net are stated at cost, less accumulated depreciation and amortization. Depreciation expense is recorded using the straight-line method over the estimated useful lives of the respective assets as follows:
Computer equipment and software |  | 3 - 5 years
Internal use software |  | 3 - 5 years
Machinery and equipment |  | 3 - 10 years
Furniture and fixtures |  | 2 - 7 years
Schedule of amortization lives of intangible assets | Amortization lives of intangible assets are as follows:
Content Library |  | 3 – 20 years
Tradenames, Trademarks and Patents |  | 2 – 15 years
Customer Relationships | ` | 5 – 13 years
Advertiser Relationships and Channel |  | 2 – 13 years
Software |  | 10 years
Capitalized Content |  | 3 years
Supplier Agreements |  | 2 years
Schedule of intangible assets | The Company’s intangible assets included the following (in thousands):
|  | As of September 30, 2025 |
|  | Cost Basis |  |  | Accumulated Amortization |  |  | Net |
Content Library |  | $ | 25,076 |  |  | $ | (21,847 | ) |  | $ | 3,229 |
Advertiser Relationships and Channel |  |  | 12,832 |  |  |  | (5,068 | ) |  |  | 7,764 |
Customer Relationships |  |  | 8,690 |  |  |  | (8,281 | ) |  |  | 409 |
Software |  |  | 3,200 |  |  |  | (1,359 | ) |  |  | 1,841 |
Tradenames, Trademarks and Patents |  |  | 3,978 |  |  |  | (3,269 | ) |  |  | 709 |
Capitalized Content |  |  | 6,421 |  |  |  | (1,968 | ) |  |  | 4,453 |
Total Intangible Assets |  | $ | 60,197 |  |  | $ | (41,792 | ) |  | $ | 18,405 |
|  | As of March 31, 2025 |
|  | Cost Basis |  |  | Accumulated Amortization |  |  | Net |
Content Library |  | $ | 24,251 |  |  | $ | (21,724 | ) |  | $ | 2,527 |
Advertiser Relationships and Channel |  |  | 12,832 |  |  |  | (4,211 | ) |  |  | 8,621 |
Customer Relationships |  |  | 8,690 |  |  |  | (8,145 | ) |  |  | 545 |
Software |  |  | 3,200 |  |  |  | (1,200 | ) |  |  | 2,000 |
Tradenames, Trademarks and Patents |  |  | 3,961 |  |  |  | (3,203 | ) |  |  | 758 |
Capitalized Content |  |  | 4,816 |  |  |  | (1,099 | ) |  |  | 3,717 |
Total Intangible Assets |  | $ | 57,750 |  |  | $ | (39,582 | ) |  | $ | 18,168 |
Schedule of amortization expense for intangible assets | As of September 30, 2025, amortization expense is expected to be (in thousands):
|  | Total |
In-process intangible assets |  | $ | 545 |
Remainder of fiscal year 2026 |  |  | 3,534 |
2027 |  |  | 4,099 |
2028 |  |  | 2,828 |
2029 |  |  | 1,697 |
2030 |  |  | 1,414 |
Thereafter |  |  | 4,288 |
Total |  | $ | 18,405 |
Schedule of accounts payable and accrued expenses | Accounts payable and accrued expenses consisted of the following (in thousands):
|  | As of |
|  | September 30, 2025 |  |  | March 31, 2025 |
Amounts due to producers |  | $ | 7,985 |  |  | $ | 16,488 |
Accounts payable |  |  | 4,077 |  |  |  | 7,298 |
Accrued compensation and benefits |  |  | 1,590 |  |  |  | 1,398 |
Accrued other expenses |  |  | 3,885 |  |  |  | 5,925 |
Total Accounts Payable and Accrued Expenses |  | $ | 17,537 |  |  | $ | 31,109 |
Schedule of revenue disaggregation | The following tables present the Company’s disaggregated revenue by source (in thousands):
| Three Months Ended September 30, |  |  | Six Months Ended September 30, |
| 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Streaming and digital | $ | 9,558 |  |  | $ | 10,089 |  |  | $ | 18,663 |  |  | $ | 17,792 |
Base distribution |  | 1,837 |  |  |  | 1,321 |  |  |  | 2,860 |  |  |  | 1,672 |
Podcast and other |  | 946 |  |  |  | 1,273 |  |  |  | 1,935 |  |  |  | 2,316 |
Other non-recurring |  | 16 |  |  |  | 56 |  |  |  | 18 |  |  |  | 86 |
Total Revenue | $ | 12,357 |  |  | $ | 12,739 |  |  | $ | 23,476 |  |  | $ | 21,866 |
Summary of Allowances of Credit Losses | A summary of the movements of our allowances for credit losses as of September 30, 2025 (in thousands):
Allowance for credit losses as of March 31, 2025 |  | $ | 307 |
Increase in estimated provision |  |  | 99 |
Allowance for credit losses as of June 30, 2025 |  |  | 406 |
Increase in estimated provision |  |  | 39 |
Allowance for credit losses as of September 30, 2025 |  | $ | 445 |

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