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Business Combinations (Tables)
9 Months Ended
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