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Other Long-Term Liabilities

12 Months Ended

Mar. 31, 2023

Other Long-Term Liabilities

Other Long-Term Liabilities

Note 15 — Other Long-Term Liabilities

  Other long-term liabilities consisted of the following (in thousands):

		March 31, 2023				March 31, 2022
Contingent consideration from Gramophone acquisition		$	174			$	174
Accrued royalties			3,788				-
Accrued legal			5,616				-
Total other long-term liabilities		$	9,578			$	174

The Company classified $3.8 million of accrued royalties into long term based on contractual arrangements with the royalty holders. In addition, the Company accrued $5.6 million into long term liabilities as a result of the Sound Exchange settlement, (Note 16 – Commitment and Contingencies). The amount included in Other long-term liabilities is comprised of a contingent consideration liability resulting from the business combination of Gramophone (see Note 21 - Fair Value Measurements).

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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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