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Fair Value Measurements (Tables) | 12 Months Ended
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Mar. 31, 2023
Fair Value Measurements |
Schedule of fair value of financial liabilities are measured at fair value on a recurring basis |
|  | March 31, 2023 |
|  | Fair |  |  | Hierarchy Level |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Prepaid expenses - common stock issued subject to market adjustment at settlement |  | $ | 140 |  |  | $ | 140 |  |  | $ | - |  |  | $ | - |
Total |  | $ | 140 |  |  | $ | 140 |  |  | $ | - |  |  | $ | - |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration liability from Gramophone acquisition |  | $ | 174 |  |  | $ | - |  |  | $ | - |  |  | $ | 174 |
Warrant liability on PodcastOne bridge loan |  |  | 1,860 |  |  |  | - |  |  |  | - |  |  |  | 1,860 |
Bifurcated embedded derivative on PodcastOne bridge loan |  |  | 1,288 |  |  |  | - |  |  |  | - |  |  |  | 1,288 |
Bifurcated embedded derivative on Series A Preferred Stock |  |  | 376 |  |  |  | - |  |  |  | - |  |  |  | 376 |
|  | $ | 3,698 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,698 |
|  | March 31, 2022 |
|  | Fair |  |  | Hierarchy Level |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration liability from PodcastOne acquisition |  | $ | 2,965 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,965 |
Contingent consideration liability from CPS acquisition |  |  | 174 |  |  |  | - |  |  |  | - |  |  |  | 174 |
Bifurcated embedded derivative on senior secured convertible notes payable |  |  | 18 |  |  |  | - |  |  |  | - |  |  |  | 18 |
|  | $ | 3,157 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,157 |
Schedule of financial liabilities |
|  | Amount |
Balance as of April 1, 2021 |  | $ | 5,067 |
Change in fair value of bifurcated embedded derivatives, reported in earnings |  |  | (113 | )
Change in fair value of contingent consideration liabilities, reported in earnings |  |  | (145 | )
Common stock settlement of contingent consideration liability from CPS acquisition |  |  | (1,826 | )
Initial measurement of contingent consideration for Gramophone acquisition |  |  | 174 |
Balance as of March 31, 2022 |  |  | 3,157 |
Embedded derivative and warrant issued in connection with PodcastOne bridge loan |  |  | 2,845 |
Embedded derivative and warrant issued in connection with Series A Preferred Stock |  |  | 173 |
Settlement of PodcastOne contingent consideration |  |  | (3,000 | )
Change in fair value of bifurcated embedded derivatives, reported in earnings |  |  | 523 |
Balance as of March 31, 2023 |  | $ | 3,698 |
Schedule of derivatives on secured convertible notes payable and unsecured convertible notes payable |
|  | March 31, |  |  | March 31, |
|  | 2023 |  |  | 2022 |
Bifurcated embedded derivative on secured convertible notes payable: |  |  |  |  |  |
Market yield |  |  | - | % |  |  | 4.7 | %
Schedule of fair values of financial instruments measured at amortized cost and the hierarchy level the Company used to estimate the fair values |
|  | March 31, 2023 |
|  | Carrying |  |  | Hierarchy Level |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
PodcastOne bridge loan |  | $ | 4,726 |  |  | $ | - |  |  | $ | - |  |  | $ | 9,152 |
|  | March 31, 2022 |
|  | Carrying |  |  | Hierarchy Level |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Secured convertible notes payable, net |  | $ | 13,650 |  |  | $ | - |  |  | $ | - |  |  | $ | 15,448 |
Unsecured convertible notes payable related party, net |  |  | 5,879 |  |  |  | - |  |  |  | - |  |  |  | 6,084 |
Schedule of fair value of the financial assets and liabilities, where the Company did not elect the fair value measurement option, were determined using significant unobservable inputs |
|  | March 31, |  |  | March 31,
|  | 2023 |  |  | 2022
Secured convertible notes payable, net (binomial lattice model): |  |  |  |  |
Market yield |  |  | - | % |  |  | 6.3 | %
Unsecured convertible notes payable related party, net (yield model with a Black-Scholes-Merton option pricing model): |  |  |  |  |  |  |  |
Market yield |  |  | - | % |  |  | 6.6 | %

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