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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Mar. 31, 2021
Current Assets    
Cash and cash equivalents $ 24,574 $ 18,635
Restricted cash 135 135
Accounts receivable, net 12,753 10,567
Inventories 2,389 2,568
Prepaid expense and other assets 2,994 3,366
Total Current Assets 42,845 35,271
Property and equipment, net 4,607 4,367
Goodwill 22,920 22,619
Intangible assets, net 21,047 22,468
Other assets 966 1,044
Total Assets 92,385 85,769
Current Liabilities    
Accounts payable and accrued liabilities 38,277 32,646
Accrued royalties 12,379 12,349
Notes payable, current portion 416 2,729
Deferred revenue 1,836 1,262
Unsecured convertible notes, net 2,073 1,976
Total Current Liabilities 54,981 50,962
Secured convertible notes, net 12,922 13,047
Unsecured convertible notes, net 5,595 5,501
Senior secured revolving line of credit 6,000  
Notes payable, net 695 885
Lease liabilities, noncurrent 677 742
Due to Music Partner 2,338 3,937
Other long-term liabilities 2,528 2,422
Deferred income taxes 137 137
Total Liabilities 85,873 77,633
Commitments and Contingencies
Stockholders’ Equity    
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; 77,425,864 and 76,807,898 shares issued and outstanding, respectively 77 77
Additional paid in capital 184,427 178,000
Accumulated deficit (177,992) (169,941)
Total stockholders’ equity 6,512 8,136
Total Liabilities and Stockholders’ Equity $ 92,385 $ 85,769