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Business Combinations (Tables) | 12 Months Ended
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Mar. 31, 2021
Business Combinations [Abstract] |
Schedule of consideration of common stock |
Fair Value of Consideration Transferred: |  |  |
Common stock |  | $ | 14,991 |
Contingent consideration |  |  | 1,100 |
Total |  | $ | 16,091 |
Fair Value of Consideration Transferred: |  |  |
Common stock |  | $ | 6,391 |
Additional paid-in capital – common stock to be issued |  |  | 313 |
Contingent consideration |  |  | 1,654 |
Total |  | $ | 8,358 |
Schedule of fair value of the assets acquisition |
Asset Type |  | Weighted Average Amortization Period (Years) |  |  | Fair Value |
Cash and cash equivalents |  |  |  |  |  | $ | 1,286 |
Accounts receivable |  |  |  |  |  |  | 3,951 |
Prepaid expense and other assets |  |  |  |  |  |  | 316 |
Property and equipment |  |  |  |  |  |  | 119 |
Content creator relationships |  |  | 1.6 |  |  |  | 772 |
Trade name |  |  | 10 |  |  |  | 1,010 |
Goodwill |  |  |  |  |  |  | 12,042 |
Accounts payable and accrued liabilities |  |  |  |  |  |  | (2,934 | )
Deferred tax asset |  |  |  |  |  |  | 972 |
Allowance for deferred tax asset |  |  |  |  |  |  | (972 | )
Note payable |  |  |  |  |  |  | (471 | )
Net assets acquired |  |  |  |  |  | $ | 16,091 |
Asset Type |  | Weighted Average Amortization Period (Years) |  |  | Fair Value |
Cash and cash equivalents |  |  |  |  |  | $ | 1,132 |
Accounts receivable |  |  |  |  |  |  | 6,153 |
Inventories |  |  |  |  |  |  | 2,600 |
Prepaid expense |  |  |  |  |  |  | 29 |
Property and equipment |  |  |  |  |  |  | 585 |
Wholesale relationship |  |  | 6 |  |  |  | 2,500 |
Domain name |  |  | 10 |  |  |  | 400 |
Customer list |  |  | 5 |  |  |  | 172 |
Goodwill |  |  |  |  |  |  | 905 |
Other assets |  |  |  |  |  |  | 53 |
Right of use asset |  |  |  |  |  |  | 1,086 |
Lease liability |  |  |  |  |  |  | (1,086 | )
Accounts payable |  |  |  |  |  |  | (5,067 | )
Deferred tax liability |  |  |  |  |  |  | (388 | )
Other liabilities |  |  |  |  |  |  | (716 | )
Net assets acquired |  |  |  |  |  | $ | 8,358 |
Asset Type |  | Fair Value |
Cash |  | $ | 138 |
Accounts receivable |  |  | 101 |
Prepaid expense and other assets |  |  | 37 |
Property and equipment |  |  | 17 |
Brands names |  |  | 1,500 |
Non-compete agreement |  |  | 250 |
Fan database |  |  | 230 |
Accounts payable and accrued liabilities |  |  | (221 | )
Deferred tax liability |  |  | (107 | )
Gain on bargain purchase, net of tax |  |  | (404 | )
Net assets acquired |  | $ | 1,541 |
Schedule of revenues, net loss and earnings per share |
|  | Year Ended March 31, (unaudited) |
|  | 2021 |  |  | 2020 |
Revenues |  | $ | 83,050 |  |  | $ | 57,823 |
Net loss |  |  | (41,801 | ) |  |  | (42,025 | )
Net loss per share – basic and diluted |  | $ | (0.61 | ) |  | $ | (0.72 | )
|  | Year Ended March 31, (unaudited) |
|  | 2021 |  |  | 2020 |
Revenues |  | $ | 69,953 |  |  | $ | 63,985 |
Net loss |  |  | (42,656 | ) |  |  | (40,398 | )
Net loss per share – basic and diluted |  |  | (0.62 | ) |  | $ | (0.65 | )
|  | Year Ended March 31, (unaudited) |
|  | 2020 |
Revenues |  | $ | 52,727 |
Net loss |  |  | (42,476 | )
Net loss per share – basic and diluted |  |  | (0.76 | )

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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