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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows used in Operating Activities:    
Net loss $ (26,452) $ (30,393)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,368 6,157
Common stock issued for services 3,092 3,639
Stock-based compensation 4,908 5,501
Amortization of debt discount 1,025 522
Interest paid in kind 453 29
Change in fair value of bifurcated embedded derivatives (827) (189)
Change in fair value of contingent consideration liability (39)
Loss on extinguishment of debt 1,488
Changes in operating assets and liabilities:    
Accounts receivable (2,218) 637
Prepaid expenses and other current assets (1,044) (380)
Inventories 5
Deferred revenue 428 (31)
Accounts payable and accrued liabilities 4,120 9,140
Other liabilities (407)
Net cash used in operating activities (9,100) (5,368)
Cash Flows from Investing Activities:    
Increase in cash from the acquisitions 2,418
Purchases of property and equipment (2,229) (1,755)
Net cash provided by (used in) investing activities 189 (1,755)
Cash Flows from Financing Activities:    
Repayment of senior secured convertible debentures (10,823) (1,989)
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 9,395 9,523
Proceeds from notes payable 2,145
Proceeds from exercise of stock options 481
Payments on capital lease liability (85)
Net cash provided by financing activities 14,062 7,384
Net change in cash, cash equivalents and restricted cash 5,151 261
Cash, cash equivalents and restricted cash, beginning of period 12,437 13,939
Cash, cash equivalents and restricted cash, end of period 17,588 14,200
Supplemental disclosure of cash flow information:    
Cash paid for income taxes
Cash paid for interest 651 1,289
Supplemental disclosure of non-cash investing and financing activities:    
Fair value of options issued to employees, capitalized as internally developed software 212 469
Fair value of 5,566,885 shares of common stock issued in connection with the PodcastOne acquisition 14,991
Fair value of 2,230,769 shares of common stock issued in connection with the CPS acquisition 6,391
Non-cash settlement for issuable or prepaid shares 494  
2,679,459 shares of common stock issued to consultants and vendors to settle accounts payable $ 8,657