XML 41 R30.htm IDEA: XBRL DOCUMENT v3.20.4
Business Combinations (Tables)
 9 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Schedule of fair value of the assets acquired

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        2,756 
Prepaid expense        29 
Property and equipment        585 
Wholesale relationship   6    1,000 
Domain name   10    300 
Customer list   5    172 
Goodwill        2,364 
Other assets        53 
Right of use asset        1,086 
Lease liability        (1,086)
Accounts payable        (5,067)
Other liabilities        (467)
Net assets acquired       $9,010 
Schedule of revenues and net loss

    Three Months Ended
December 31,
(unaudited)		  
    2020     2019  
             
Revenues   $ 27,205     $ 29,463  
Net loss     (7,859 )     (10,586 )
Net loss per share – basic and diluted   $ (0.11 )   $ (0.18 )

 

    Nine Months Ended
December 31,
(unaudited)		  
    2020     2019  
             
Revenues   $ 66,032     $ 80,775  
Net loss     (38,970 )     (32,824 )
Net loss per share – basic and diluted   $ (0.58 )   $ (0.59 )
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   1,365 
Contingent consideration   1,254 
Total  $9,010