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Long-Term Liabilities

6 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Long-Term Liabilities

Note 13 — Long-Term Liabilities

Subsequent to the quarter ended September 30, 2020 ( see Note 19 – Subsequent Events), Slacker entered into an amendment to existing agreements with a certain licensor of music content (the "Music Partner") which own and license rights to Slacker to certain sound recordings. Pursuant to this amendment, payment terms on $5.9 million of outstanding balances to the Music Partner were extended over periods between 12 and 24 months, and recorded as other long-term liabilities along with the fair value of the PodcastOne earnout, as follows:

		September 30,				March 31,
		2020				2020
Due to Music Partner		$	5,914			$	-
Fair value of contingent consideration liability			695				-
Other long-term liabilities		$	6,609			$	-

The contingent consideration liability resulted from the business combination with PodcastOne (Note 4- Business Combinations) and is carried at fair value (see Note 17- Fair Value Measurements).

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- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

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