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Business Combinations (Tables)
 12 Months Ended
Mar. 31, 2022
Business Combinations [Abstract]  
Schedule of consideration of common stock
Fair Value of Consideration Transferred:    
Cash  $150 
Common stock   89 
Contingent consideration   174 
Total  $413 

 

Fair Value of Consideration Transferred:    
Common stock  $14,991 
Contingent consideration   1,100 
Total  $16,091 

 

Fair Value of Consideration Transferred:    
Common stock  $6,391 
Additional paid-in capital – common stock to be issued   615 
Contingent consideration   1,654 
Total  $8,660 

 
Schedule of fair value of assets assumed in gramophone acquisition
Asset Type  Amortization
Period
(Years)		  Fair Value 
Cash and cash equivalents     $4 
Accounts receivable      4 
Trade name  5   73 
Customer list  2   94 
Goodwill      459 
Deferred revenue      (51)
Deferred tax liability      (41)
Accrued liabilities      (129)
Net assets acquired     $413 

 

Asset Type  Weighted
Average
Amortization
Period
(Years)		  Fair Value 
Cash and cash equivalents     $1,286 
Accounts receivable      3,951 
Prepaid expense and other assets      316 
Property and equipment      119 
Content creator relationships  1.6   772 
Trade name  10   1,010 
Goodwill      12,042 
Accounts payable and accrued liabilities      (2,934)
Deferred tax asset      972 
Allowance for deferred tax asset      (972)
Note payable      (471)
Net assets acquired     $16,091 

 

Asset Type  Weighted
Average
Amortization
Period
(Years)		  Fair Value 
Cash and cash equivalents     $1,132 
Accounts receivable      6,153 
Inventories      2,600 
Prepaid expense      29 
Property and equipment      585 
Wholesale relationship  6   2,500 
Domain name  10   400 
Customer list  5   172 
Goodwill      1,207 
Other assets      53 
Right of use asset      1,086 
Lease liability      (1,086)
Accounts payable      (5,067)
Deferred tax liability      (388)
Other liabilities      (716)
Net assets acquired     $8,660 

 
Schedule of revenues, net loss and earnings per share
   Year Ended
March 31,
(unaudited)		 
   2021 
     
Revenues  $83,050 
Net loss   (41,801)
Net loss per share – basic and diluted  $(0.61)

 

   Year Ended
March 31,
(unaudited)		 
   2021 
     
Revenues  $69,953 
Net loss   (42,656)
Net loss per share – basic and diluted  $(0.62)

 

   Year Ended March 31,
(unaudited)		 
   2022   2021 
         
Revenues  $117,623   $66,098 
Net loss   (43,592)   (41,985)
Net loss per share – basic and diluted  $(0.55)  $(0.61)