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Leases | 9 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Leases | Note 11 — Leases The Company leases a facility under a non-cancelable operating lease which expires in fiscal year 2022. Upon adoption of ASU 2016-02 and its related Updates, the Company recorded $0.2 million of right-of-use assets and operating lease liabilities. Operating lease cost for the three and nine months ended December 31, 2019 was less than $0.1 million. Supplemental balance sheet information related to leases was as follows (in thousands):
Operating leases |  | December 31, 2019 |
Operating lease right-of-use assets |  | $ | 146 |
Total operating lease right-of-use assets |  |  | 146 |
Operating lease liability, current |  | $ | 79 |
Operating lease liability, noncurrent |  |  | 67 |
Total operating lease liabilities |  | $ | 146 |
Maturities of operating lease liabilities as of December 31, 2019 were as follows (in thousands):
For Years Ending March 31, |  |  |
2020 (remaining three months) |  | $ | 23 |
2021 |  |  | 94 |
2022 |  |  | 47 |
Total lease payments |  |  | 164 |
Less: imputed interest |  |  | (18 | )
Present value of operating lease liabilities |  | $ | 146 |
Significant judgments Discount rate – the Company's lease is discounted using the Company's incremental borrowing rate of 12.75% as the rate implicit in the lease is not readily determinable. Options – the lease term is the minimum noncancelable period of the lease. The Company does not include option periods unless the Company determined it is reasonably certain of exercising the option at inception or when a triggering event occurs. Rental expense for operating leases classified under ASC 840 for each of the three and nine months ended December 31, 2018 was less than $0.1 million and was recorded within general and administrative expenses. Beginning on August 1, 2017, the Company was given the right to occupy approximately 5,200 square feet of office space in West Hollywood, California. The space was provided to the Company by an unrelated third party and is fully furnished. The Company compensated the landlord in cash at the rate of approximately $38 thousand per month for months that the Company occupies the space. The Company or the third party had the right to terminate the arrangement at any time without prior notice, and the Company terminated this arrangement, effective April 30, 2019. On May 1, 2019 the Company entered into a month to month agreement with a third party to lease office space in Los Angeles, California for $20 thousand per month. This agreement was subsequently amended on October 1, 2019 to $14 thousand per month with a termination date of December 31, 2019. Slacker leases its San Diego premises under operating leases expiring on December 31, 2020. Rent expense for the operating lease totaled $0.3 million and $0.3 million for the nine months ended December 31, 2019 and 2018, respectively.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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