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Business Combinations (Tables) | 9 Months Ended
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Dec. 31, 2018
Slacker Inc [Member] |
Business Acquisition [Line Items] |
Summary of fair value of the assets acquired |
|  | Fair Value |
Restricted cash |  | $ | 150 |
Accounts receivable |  |  | 3,339 |
Prepaid expense and other assets |  |  | 254 |
Deferred cost of sales |  |  | 458 |
Property and equipment |  |  | 400 |
Trademarks/trade names |  |  | 4,637 |
Intellectual property |  |  | 5,366 |
Customer relationships |  |  | 6,570 |
Software |  |  | 19,280 |
Goodwill |  |  | 9,672 |
Deferred tax asset |  |  | 1,181 |
Allowance for deferred tax asset |  |  | (1,181 | )
Assumed current portion of long-term debt |  |  | (3,907 | )
Assumed current liabilities |  |  | (17,640 | )
Net consideration |  | $ | 28,579 |
|  | Final Allocation |  |  | Preliminary Allocation |  |  | Change* |
Restricted cash |  | $ | 150 |  |  | $ | 150 |  |  | $ | - |
Accounts receivable |  |  | 3,339 |  |  |  | 3,339 |  |  |  | - |
Prepaid expense and other assets |  |  | 254 |  |  |  | 254 |  |  |  | - |
Deferred cost of sales |  |  | 458 |  |  |  | 458 |  |  |  | - |
Property and equipment |  |  | 400 |  |  |  | 400 |  |  |  | - |
Trademarks/tradenames |  |  | 4,637 |  |  |  | 11,436 |  |  |  | (6,799 | )
Intellectual property |  |  | 5,366 |  |  |  | 8,454 |  |  |  | (3,088 | )
Customer relationships |  |  | 6,570 |  |  |  | 6,618 |  |  |  | (48 | )
Software |  |  | 19,280 |  |  |  | 19,384 |  |  |  | (104 | )
Goodwill |  |  | 9,672 |  |  |  | 5,377 |  |  |  | 4,295 |
Deferred tax asset |  |  | 1,181 |  |  |  | 1,523 |  |  |  | (342 | )
Allowance for deferred tax asset |  |  | (1,181 | ) |  |  | (1,523 | ) |  |  | 342 |
Assumed current portion of long-term debt |  |  | (3,907 | ) |  |  | (3,907 | ) |  |  | - |
Assumed current liabilities |  |  | (17,640 | ) |  |  | (17,640 | ) |  |  | - |
Net consideration |  | $ | 28,579 |  |  | $ | 34,323 |  |  | $ | (5,744 | )
(* The fair value of equity consideration was changed by $5.7 million to reflect the lack of marketability from an 18-month lockout period. Changes in values of Tradenames and Intellectual property due to finalization of royalty rates. )
Summarizes the fair value of consideration transferred |
Consideration |  | Fair Value |
Cash |  | $ | 2,525 |
Less cash acquired |  |  | (113 | )
Net cash consideration |  |  | 2,412 |
Equity at fair value |  |  | 26,167 |
Net consideration |  | $ | 28,579 |
Consideration |  | Final Fair Value |  |  | Preliminary Fair Value |  |  | Change* |
Cash |  | $ | 2,525 |  |  | $ | 2,525 |  |  | $ | - |
Less cash acquired |  |  | (113 | ) |  |  | (113 | ) |  |  | - |
Net cash consideration |  |  | 2,412 |  |  |  | 2,412 |  |  |  | - |
Equity at fair value |  |  | 26,167 |  |  |  | 31,911 |  |  |  | (5,744 | )
Net consideration |  | $ | 28,579 |  |  | $ | 34,323 |  |  | $ | (5,744 | )
(* The fair value of equity consideration was changed by $5.7 million to reflect the lack of marketability from an 18-month lockout period. Changes in values of Tradenames and Intellectual property due to finalization of royalty rates. )
Schedule of revenues and net loss |
|  | Three Months Ended December 31, 2017 |  |  | Nine Months Ended December 31, 2017 |
Revenues |  | $ | 6,750 |  |  | $ | 20,063 |
Net Loss |  |  | (8,275 | ) |  |  | (18,719 | )
Wantickets [Member] |
Business Acquisition [Line Items] |
Summary of fair value of the assets acquired |
Asset Type |  | Fair Value |
Property and Equipment |  | $ | 109 |
Trademark / Trade Name |  |  | 431 |
Software |  |  | 1,004 |
Customer Relationships |  |  | 369 |
Domain Names |  |  | 106 |
Goodwill |  |  | 1,321 |
Purchase Consideration |  | $ | 3,340 |

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