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Other Long-Term Liabilities

12 Months Ended

Mar. 31, 2022

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Other Long-Term Liabilities

Note 14 — Other Long-Term Liabilities

On October 30, 2020, Slacker entered into an amendment to existing agreements with a certain licensor of music content (the “Music Partner”) which own and license rights to Slacker to certain sound recordings. Pursuant to this amendment, payment terms on $5.9 million of outstanding balances to the Music Partner were extended over periods between 12 and 24 months. During the year ended March 31, 2022 the amount owed the Music Partner was paid in full.

		March 31,				March 31,
		2022				2021
Due to Music Partner		$	-			$	3,937
Other long-term liabilities			174				2,422

The amount included in Other long-term liabilities is comprised of a contingent consideration liability resulting from the business combination with PodcastOne (Note 4 - Business Combinations) and is carried at fair value (see Note 20 - Fair Value Measurements).

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- References

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- Definition

The entire disclosure for other liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20,24)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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