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Business Segment and Geographic Reporting
12 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Business Segment and Geographic Reporting

Note 17 — Business Segment and Geographic Reporting

 

The Company determined its operating segments in accordance with ASC 280, "Segment Reporting" ("ASC 280").

 

Management has determined that the Company has one operating segment. The Company's reporting segment reflects the manner in which its chief operating decision maker reviews results and allocates resources. The Company's reporting segment meets the definition of an operating segment and does not include the aggregation of multiple operating segments. 

 

Customers

 

The Company has one external customer that accounts for more than 10% of its revenue. Such original equipment manufacturer (the "OEM") provides premium Slacker service in its new vehicles. Total revenues from the OEM were $23.1 million and $13.7 million for the years ended March 31, 2020 and 2019. As a result of COVID-19 pandemic, the Company's largest customer experienced a government ordered halt to its production in part of the quarter ended March 31, 2020 and early quarter ended June 30, 2020 related to COVID-19, but resumed its production as of the date of this Annual Report which temporary halt will in turn slow subscriber growth in the first quarter of 2021 and potentially beyond.

 

Geographic Information

 

The Company operates as an Internet live music streaming platform based in the United States. All material revenues of the Company are derived from the United States. All long-lived assets of the Company are located in the United States.