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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Mar. 31, 2020
Current Assets    
Cash and cash equivalents $ 18,635 $ 5,702
Restricted cash 135 6,735
Accounts receivable, net 10,567 3,889
Inventories 2,568
Prepaid expense and other assets 3,366 1,396
Total Current Assets 35,271 17,722
Property and equipment, net 4,367 3,397
Goodwill 22,619 9,672
Intangible assets, net 22,468 23,198
Other assets 1,044 127
Total Assets 85,769 54,116
Current Liabilities    
Accounts payable and accrued liabilities 32,646 30,723
Accrued royalties 12,349 13,071
Note payable 2,729 331
Deferred revenue 1,262 949
Senior secured convertible debentures, net 2,720
Unsecured convertible notes, net 1,976
Total Current Liabilities 50,962 47,794
Senior secured convertible debentures, net 6,505
Senior secured convertible notes, net 13,047
Unsecured convertible notes, net 5,501 6,794
Notes payable, net 885
Lease liabilities, noncurrent 742 45
Due to Music Partner 3,937  
Other long-term liabilities 2,422
Deferred income taxes 137 108
Total Liabilities 77,633 61,246
Commitments and Contingencies (Note 15)
Stockholders’ Equity (Deficit)    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 500,000,000 shares authorized; 76,807,898 and 58,984,382 shares issued and outstanding, respectively 77 59
Additional paid in capital 178,000 120,932
Accumulated deficit (169,941) (128,121)
Total stockholders’ equity (deficit) 8,136 (7,130)
Total Liabilities and Stockholders’ Equity (Deficit) $ 85,769 $ 54,116