XML 98 R76.htm IDEA: XBRL DOCUMENT v3.19.2
Commitments and Contingencies (Details Textual)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Feb. 08, 2018
USD ($)
Aug. 01, 2017
USD ($)
ft²
Mar. 03, 2016
USD ($)
Aug. 31, 2018
USD ($)
Jun. 30, 2018
Dec. 29, 2017
Nov. 29, 2017
USD ($)
Jul. 17, 2017
USD ($)
Mar. 31, 2018
USD ($)
Mar. 31, 2019
USD ($)
Mar. 31, 2018
USD ($)
Commitments and Contingencies (Textual)                      
Plaintiffs seeking damages     $ 300                
Area of land held | ft²   5,200                  
Cash payment to landlord, per month   $ 38                  
Lease rent expenses                   $ 1,000 $ 700
Contractual obligation for the fiscal year ended March 31, 2020                   2,000  
Contractual obligation for the fiscal year ended March 31, 2021                   800  
Lease payments                   244  
Description of transfer consideration         An affiliate of Mr. Schnaier transferred approximately 51,500 shares of the Company's common stock to Light to allow Light to sell such shares to satisfy the Claim Amount.            
Slacker Inc [Member]                      
Commitments and Contingencies (Textual)                      
Lease rent expenses                 $ 100 $ 400  
Slacker [Member]                      
Commitments and Contingencies (Textual)                      
Business acquisition, description           The Company acquired Slacker including its $50.1 million of gross assets for net consideration of $28.6 million consisting of (i) 6,126,788 shares of the Company's common stock, valued at $20.1 million, (ii) 1,675,893 shares of the Company's common stock issued to payoff certain debt of Slacker as of the transaction date, valued at $5.5 million, (iii) cash payment of $2.5 million and issuance of 175,000 shares of the Company's common stock valued at $0.6 million to Slacker and its designees and (iv) the assumption of Slacker's liabilities of approximately $21.5 million. The acquisition is intended to augment and diversify the Company's music operating segment. The Company accounted for the acquisition as a business combination. The goodwill recorded for the Slacker acquisition was $9.7 million.          
Lease expiration date                   Dec. 31, 2019  
Wantickets Acquisition [Member]                      
Commitments and Contingencies (Textual)                      
Plaintiffs seeking damages             $ 300        
Proceeds against for demand arbitration               $ 200      
Exodus Festival, Inc [Member]                      
Commitments and Contingencies (Textual)                      
Awarded sum of against LXL Tickets       $ 200              
Manatt Phelps And Phillips, Llp [Member]                      
Commitments and Contingencies (Textual)                      
Plaintiffs seeking damages                     200
Wynn Las Vegas Llc [Member]                      
Commitments and Contingencies (Textual)                      
Total damages claim amount $ 600                    
Third Parties [Member]                      
Commitments and Contingencies (Textual)                      
Cash payment to landlord, per month                     20
Legal settlement expenses                   $ 100 $ 400
Joseph Schnaier [Member]                      
Commitments and Contingencies (Textual)                      
Plaintiffs seeking damages                   $ 26,700  
Ownership percentage                   90.00%  
Employment Agreements [Member]                      
Commitments and Contingencies (Textual)                      
Compensation description                   The Company has employment agreements with five key employees (Chief Executive Officer, Chief Operating Officer, Chief Strategy Officer, Senior Executive Vice President and Chief Financial Officer) that provide annual salary payments of $1.4 million in the aggregate and target bonus compensation of up to $1.6 million for the year ending March 31, 2020, salary payments of $0.9 million and target bonus compensation of up to $0.9 million for the year ending March 31, 2021 salary payments of $0.9 million and target bonus compensation of up to $0.9 million for the year ending March 31, 2022, and salary payments of $0.3 million and target bonus compensation of up to $0.6 million for the year ending March 31, 2023.  In addition, our Chief Strategy Officer earned a bonus of $0.1 million for the fiscal year ended March 31, 2018, in his role as our former Chief Financial Officer, in connection with the completion of our public offering in December 2017, which was payable in the fiscal year ended March 31, 2019, and subsequently agreed to extended payment of such bonus to the fiscal year ending March 2020.  Furthermore, the employment agreements contain severance clauses that could require severance payments in the aggregate amount of $11.1 million (excluding the value of potential accelerated vesting of equity awards granted to such executive officers).  
Acquisition Agreements [Member]                      
Commitments and Contingencies (Textual)                      
Business acquisition, description                   The Company has licenses, production and/or distribution agreements to make guaranteed payments as follows: $2.0 million for the fiscal year ending March 31, 2020, $1.6 million for the fiscal year ending March 31, 2021, $1.4 million for the fiscal year ending March 31, 2022 and $0.8 million for the fiscal year ending March 31, 2023. These agreements also provide for a revenue share that ranges between 35% and 50% of net revenues. In addition, there are other licenses, production and/or distribution agreements that provide for a revenue share of 50% on net revenues; however, without a requirement to make future minimum guaranteed payments irrespective to the execution and results of the planned events.  
Prepaid minimum guarantees                   $ 300