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Fair Value Measurements (Tables)

12 Months Ended

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		%