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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Mar. 31, 2021
Current Assets    
Cash and cash equivalents $ 16,478 $ 18,635
Restricted cash 260 135
Accounts receivable, net 15,037 10,567
Inventories 2,920 2,568
Prepaid expense and other assets 6,860 3,366
Total Current Assets 41,555 35,271
Property and equipment, net 4,703 4,367
Goodwill 22,920 22,619
Intangible assets, net 19,530 22,468
Other assets 873 1,044
Total Assets 89,581 85,769
Current Liabilities    
Accounts payable and accrued liabilities 38,041 32,646
Accrued royalties 11,974 12,349
Notes payable, current portion 109 2,729
Deferred revenue 3,980 1,262
Other current liabilities 2,897
Unsecured convertible notes, net 2,182 1,976
Total Current Liabilities 59,183 50,962
Secured convertible notes, net 13,148 13,047
Unsecured convertible notes, net 5,691 5,501
Senior secured revolving line of credit 6,965
Notes payable, net 650 885
Lease liabilities, noncurrent 610 742
Due to Music Partner 577 3,937
Other long-term liabilities 2,422
Deferred income taxes 137 137
Total Liabilities 86,961 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; 79,001,821 and 76,807,898 shares issued and outstanding, respectively 79 77
Additional paid in capital 195,769 178,000
Accumulated deficit (193,228) (169,941)
Total stockholders’ equity 2,620 8,136
Total Liabilities and Stockholders’ Equity $ 89,581 $ 85,769