XML 50 R39.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurements (Tables)
 3 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value of financial liabilities are measured at fair value on a recurring basis
   June 30, 2021 
   Fair   Hierarchy Level 
   Value   Level 1   Level 2   Level 3 
Liabilities:                
Contingent consideration liability from PodcastOne acquisition  $2,528   $
-
   $
-
   $2,528 
Contingent consideration liability from CPS acquisition   2,048    
-
    
-
    2,048 
Bifurcated embedded derivative on secured convertible notes payable   30    
-
    
-
    30 
Bifurcated embedded derivative on unsecured convertible note payable   1    
-
    
-
    1 

 

   March 31, 2021 
   Fair   Hierarchy Level 
   Value   Level 1   Level 2   Level 3 
Liabilities:                
Contingent consideration liability from PodcastOne acquisition  $2,423   $
    -
   $
    -
   $2,423 
Contingent consideration liability from CPS acquisition   2,513    
-
    
-
    2,513 
Bifurcated embedded derivative on senior secured convertible debentures   118    
-
    
-
    118 
Bifurcated embedded derivative on unsecured convertible note payable   13    
-
    
-
    13 

 
Schedule of financial liabilities
   Amount 
Balance as of March 31, 2021  $5,067 
Change in fair value of bifurcated embedded derivatives, reported in earnings   (100)
Change in fair value of contingent consideration liabilities, reported in earnings   (360)
Balance as of June 30, 2021  $4,607 

 

   Amount 
Balance as of March 31, 2020  $665 
Total fair value adjustments reported in earnings   (371)
Balance as of June 30, 2020  $294 

 
Schedule of derivative on senior secured convertible debentures
   June 30,   March 31, 
   2021   2021 
Bifurcated embedded derivative on secured convertible notes payable:          
Market yield   4.6%   17.0%
           
Bifurcated embedded derivative on unsecured convertible note payable:          
Market yield   5.1%   26.5%

 
Schedule of fair value measurement option for financial assets or liabilities
   June 30, 2021 
   Carrying   Hierarchy Level 
   Value   Level 1   Level 2   Level 3 
Liabilities:                
Senior secured convertible notes payable, net  $12,922   $
   -
   $
   -
   $23,976 
Unsecured convertible notes payable related party, net   5,595    
-
    
-
    10,146 
Unsecured convertible note payable   2,073    
-
    
-
    2,339 

 

   March 31, 2021 
   Carrying   Hierarchy Level 
   Value   Level 1   Level 2   Level 3 
Liabilities:                
Senior secured convertible notes payable, net  $13,047   $
   -
   $
   -
   $20,228 
Unsecured convertible notes payable related party, net   5,501    
-
    
-
    9,216 
Unsecured convertible note payable   1,976    
-
    
-
    2,167 

 
Schedule of fair value of each of the debentures
   June 30,   March 31, 
   2021   2021 
Senior secured convertible notes payable, net (binomial lattice model):          
Market yield   4.6%   17.0%
           
Unsecured convertible notes payable related party, net (yield model with a Black-Scholes-Merton option pricing model):          
Market yield   4.7%   23.0%
           
Unsecured convertible note payable (yield model with a Black-Scholes-Merton option pricing model):          
Market yield   5.1%   26.5%