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Fair Value Measurements (Tables)
6 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value of financial liabilities are measured at fair value on a recurring basis
   September 30,
2021
 
   Fair   Hierarchy Level 
   Value   Level 1   Level 2   Level 3 
Liabilities:                
Contingent consideration liability from PodcastOne acquisition  $2,897   $
-
   $
-
   $2,897 
Contingent consideration liability from CPS acquisition   
-
    
-
    
-
    
-
 
Bifurcated embedded derivative on secured convertible notes payable   21    
-
    
-
    21 
Bifurcated embedded derivative on unsecured convertible note payable   
-
    
-
    
-
    
-
 

 

   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 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   (110)
Change in fair value of contingent consideration liabilities, reported in earnings   (213)
Settlement of contingent consideration liability from CPS acquisition   (1,826)
Balance as of September 30, 2021  $2,918 

 

Schedule of derivative instruments
   Amount 
Balance as of March 31, 2020  $665 
Initial measurement of contingent consideration from PodcastOne acquisition on July 1, 2020   1,100 
Initial measurement of embedded derivatives on secured convertible notes issued on September 15, 2020   671 
Adjustments reported in loss on extinguishment of debt   (225)
Fair value adjustments reported in earnings   (901)
Balance as of September 30, 2020  $1,310 

 

Schedule of derivative on senior secured convertible debentures
   September 30,   March 31, 
   2021   2021 
Bifurcated embedded derivative on secured convertible notes payable:        
Market yield   4.2%   17.0%
           
Bifurcated embedded derivative on unsecured convertible note payable:          
Market yield   4.7%   26.5%

 

Schedule of fair value measurement option for financial assets or liabilities
   September 30,
2021
 
   Carrying   Hierarchy Level 
   Value   Level 1   Level 2   Level 3 
Liabilities:                
Secured convertible notes payable, net  $13,148   $
        -
   $
          -
   $19,421 
Unsecured convertible notes payable related party, net   5,691    
-
    
-
    8,809 
Unsecured convertible note payable   2,182    
-
    
-
    2,272 

 

   March 31,
2021
 
   Carrying   Hierarchy Level 
   Value   Level 1   Level 2   Level 3 
Liabilities:                
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
   September 30,   March 31, 
   2021   2021 
Secured convertible notes payable, net (binomial lattice model):        
Market yield   4.2%   17.0%
           
Unsecured convertible notes payable related party, net (yield model with a Black-Scholes-Merton option pricing model):          
Market yield   4.5%   23.0%
           
Unsecured convertible note payable (yield model with a Black-Scholes-Merton option pricing model):          
Market yield   4.7%   26.5%