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Business Segment and Geographic Reporting
 12 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Business Segment and Geographic Reporting

Note 19 — Business Segment and Geographic Reporting

 

The Company determined its operating segments in accordance with ASC 280, “Segment Reporting” (“ASC 280”).

 

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.

 

Our 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 and accounts receivable. Such original equipment manufacturer (the “OEM”) provides premium Slacker service in its new vehicles. Total revenues from the OEM were $32.3 million and $23.3 million for the years ended March 31, 2022 and 2021, respectively. Total receivables from the OEM were 24% and 21% of total accounts receivable as of March 31, 2022 and 2021, respectively.

 

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.