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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Mar. 31, 2021
Current Assets    
Cash and cash equivalents $ 12,894 $ 18,635
Restricted cash 260 135
Accounts receivable, net 13,687 10,567
Inventories 2,599 2,568
Prepaid expense and other current assets 1,868 3,366
Total Current Assets 31,308 35,271
Property and equipment, net 4,688 4,367
Goodwill 23,379 22,619
Intangible assets, net 16,720 22,468
Other assets 728 1,044
Total Assets 76,823 85,769
Current Liabilities    
Accounts payable and accrued liabilities 45,418 32,646
Accrued royalties 13,530 12,349
Notes payable, current portion 12 2,729
Deferred revenue 1,157 1,262
Unsecured convertible notes, net 1,976
Total Current Liabilities 60,117 50,962
Senior secured convertible notes, net 13,650 13,047
Senior secured line of credit, net 6,965  
Unsecured convertible notes, net – related party 5,879 5,501
Notes payable, net 148 885
Lease liabilities, noncurrent 468 742
Due to Music Partner 3,937
Other long-term liabilities 174 2,422
Deferred income taxes 338 137
Total Liabilities 87,739 77,633
Commitments and Contingencies (Note 15)
Stockholders’ Equity (Deficit)    
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; 82,546,189 and 76,807,898 shares issued and outstanding, respectively 83 77
Additional paid in capital 202,854 178,000
Accumulated deficit (213,853) (169,941)
Total stockholders’ equity (deficit) (10,916) 8,136
Total Liabilities and Stockholders’ Equity (Deficit) $ 76,823 $ 85,769