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

6 Months Ended

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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