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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2021
Mar. 31, 2021
Current Assets    
Cash and cash equivalents $ 12,396 $ 18,635
Restricted cash 260 135
Accounts receivable, net 17,868 10,567
Inventories 2,897 2,568
Prepaid expense and other assets 2,115 3,366
Total Current Assets 35,536 35,271
Property and equipment, net 4,752 4,367
Goodwill 23,380 22,619
Intangible assets, net 18,173 22,468
Other assets 802 1,044
Total Assets 82,643 85,769
Current Liabilities    
Accounts payable and accrued liabilities 43,400 32,646
Accrued royalties 12,629 12,349
Notes payable, current portion 141 2,729
Deferred revenue 1,701 1,262
Unsecured convertible notes, net 1,976
Total Current Liabilities 57,871 50,962
Secured convertible notes, net 13,395 13,047
Unsecured convertible notes, net 5,786 5,501
Senior secured revolving line of credit 6,965
Notes payable, net 620 885
Lease liabilities, noncurrent 540 742
Due to Music Partner 3,937
Other long-term liabilities 174 2,422
Deferred income taxes 137 137
Total Liabilities 85,488 77,633
Commitments and Contingencies
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; 81,112,603 and 76,807,898 shares issued and outstanding, respectively 81 77
Additional paid in capital 202,093 178,000
Accumulated deficit (205,019) (169,941)
Total stockholders’ equity (deficit) (2,845) 8,136
Total Liabilities and Stockholders’ Equity (Deficit) $ 82,643 $ 85,769