XML 29 R7.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net loss $ (37,762) $ (23,336)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,387 2,536
Loss from disposal of discontinued operations 2,786
Beneficial conversion feature on paid in kind interest 147
Common stock issued for services 3,557 2,928
Stock-based compensation 9,215 3,222
Fair value of warrants issued for services 28
Changes in fair value of bifurcated embedded derivatives 323
Amortization of debt discount 986 3,187
Deferred income taxes 211
Fair value for warrants issued for note extension and inducement to convert 193
Changes in operating assets and liabilities:    
Accounts receivable (1,324) 349
Prepaid expenses and other current assets 625 (1,048)
Deferred revenue (96) (487)
Accounts payable and accrued liabilities 10,960 2,385
Net cash provided by discontinued operations 1,531
Net cash used in operating activities (5,771) (5,726)
Cash Flows from Investing Activities:    
Purchases of property and equipment (2,532) (49)
Acquisition of Slacker, net of cash acquired (2,262)
Net cash used in investing activities (2,532) (2,311)
Cash Flows from Financing Activities:    
Proceeds from unsecured convertible notes payable 2,645
Net proceeds from senior secured convertible debentures 13,000
Repayment of senior secured convertible debentures payable (731)
Senior secured convertible debenture issuance costs (482)
Repayment of bank debt (3,515)
Proceeds from warrant exercise 15
Net proceeds from offering 18,527
Repayment of services payable, related party (250)
Proceeds from bank debt 1,260
Repayment of term loan (1,667)
Net cash provided by financing activities 8,272 20,530
Net (decrease) increase in cash, cash equivalents and restricted cash (31) 12,493
Cash, cash equivalents and restricted cash, beginning of period 13,970 1,477
Cash, cash equivalents and restricted cash, end of period 13,939 13,970
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 4
Cash paid for interest 981 304
Supplemental disclosure of non-cash investing and financing activities:    
Fair value for warrants and beneficial conversion features issued as valuation discount 2,764
Conversion features recorded as debt discount 216  
Bifurcated embedded derivative recognized on issuance of senior secured convertible debentures 263
Fair value of options issued to employees, capitalized as internally-developed software 665
Common stock issued upon conversion of notes payable 1,181 2,211
Fair value of common stock of $26,167 issued in Slacker acquisition allocated to:    
Current assets 4,314
Property and equipment 400
Cost in excess of net assets required 48,705
Other assets 39
Current liabilities (17,640)
Bank debt (3,907)
Purchase price adjustment to fair value of shares issued for Slacker acquisition (5,744)
Fair value of common stock of $3,340 issued upon acquisition of assets of Wantickets allocated to:    
Property and equipment 109
Intangible assets 1,910
Goodwill $ 1,321