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Long-Term Liabilities | 9 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Long-Term Liabilities | Note 13 — Long-Term Liabilities On October 30, 2020, 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:
|  | December 31, |  |  | March 31, |
|  | 2020 |  |  | 2020 |
Due to Music Partner |  | $ | 5,422 |  |  | $ | - |
Fair value of contingent consideration liability |  |  | 1,061 |  |  |  | - |
Other long-term liabilities |  | $ | 6,483 |  |  | $ | - |
The Company evaluated the agreements with the Music Partner and it was required to be accounted for as troubled debt restructuring under ASC 470-60, Troubled Debt Restructuring by Debtor. As a result of the evaluation, the Company reclassified the portion of the payable balance due after 12-months to non-current liabilities. The contingent consideration liability resulted from the business combination with PodcastOne (Note 4- Business Combinations) and is carried at fair value (see Note 18- 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 + Details
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