XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows used in Operating Activities:    
Net loss $ (17,721) $ (21,585)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,195 3,984
Common stock issued for services 1,875 2,389
Stock-based compensation 3,422 4,003
Amortization of debt discount 691 342
Interest paid in kind 9 29
Change in fair value of bifurcated embedded derivatives (496) (194)
Change in fair value of contingent consideration liability (405)
Loss on extinguishment of debt 1,488  
Changes in operating assets and liabilities:    
Accounts receivable (721) 471
Prepaid expenses and other current assets (2,165) (647)
Deferred revenue 693 (95)
Accounts payable and accrued liabilities 4,221 2,669
Other long-term liabilities 3,868
Net cash used in operating activities (4,914) (4,766)
Cash Flows from Investing Activities:    
Increase in cash from the acquisition of PodcastOne 1,286
Purchases of property and equipment (1,510) (982)
Net cash used in investing activities (224) (982)
Cash Flows from Financing Activities:    
Repayment of senior secured convertible debentures (10,823) (1,326)
Proceeds from senior secured convertible notes 13,139
Debt issuance costs (190)  
Amendment costs of senior secured debentures (150)
Proceeds from issuance of shares of common stock, net 8,992 9,573
Proceeds from notes payable 2,145
Proceeds from exercise of stock options 481
Payments on capital lease liability (64)
Net cash provided by financing activities 13,680 8,097
Net change in cash, cash equivalents and restricted cash 8,542 2,349
Cash, cash equivalents and restricted cash, beginning of period 12,437 13,939
Cash, cash equivalents and restricted cash, end of period 20,979 16,288
Supplemental disclosure of cash flow information:    
Cash paid for income taxes
Cash paid for interest 651 927
Supplemental disclosure of non-cash investing and financing activities:    
Fair value of options issued to employees, capitalized as internally developed software 130 301
Fair value of 5,363,636 shares of the Company's common stock issued in connection with the PodcastOne acquisition 14,552
Fair value of 89,613 shares of the Company's common stock issuable in connection with the PodcastOne acquisition and included in accrued liabilities 243
2,679,459 shares of common stock issued to consultants and vendors to settle accounts payable $ 8,657