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Business Segment and Geographic Reporting
 6 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Business Segment and Geographic Reporting

Note 18 — Business Segment and Geographic Reporting

 

Management has determined that the Company has one operating segment. The Company’s reporting segment reflects the manner in which its chief operating decision maker (“CODM”) reviews results and allocates resources. The CODM reviews operating segment performance exclusive of: share-based compensation expense, amortization of intangible assets, depreciation, and other expenses (including legal fees, expenses, and accruals) related to acquisitions, associated integration activities, and certain other non-cash charges.

 

The Company’s single operating segment is also consistent with our internal organizational structure, the way we assess operating performance and allocate sources.

 

Customers

 

The Company has one external customer that accounts for more than 10% of its revenue during the six months ended September 30, 2021 and 2020. Such customer is an original equipment manufacturer (the “OEM”) who provides premium Slacker service in all of their new vehicles. Total revenues for this customer were 24% and 45% of the Company’s consolidated revenues for the six months ended September 30, 2021 and 2020, respectively. For the three months ended September 30, 2021 and 2020, one external customer accounted for 35% of the Company’s consolidated revenues.

 

Geographic Information

 

The Company operates as an internet live music streaming platform based in the United States. All material revenues of the Company are derived from the United States. All long-lived assets of the Company are located in the United States.