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Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of fair value of financial liabilities are measured at fair value on a recurring basis

		December 31, 2022
		Fair				Hierarchy Level
		Value				Level 1				Level 2				Level 3
Assets:
Prepaid expenses - common stock issued subject to market adjustment at settlement		$	15			$	15			$	-			$	-
Total		$	15			$	15			$	-			$	-
Liabilities:
Contingent consideration liability from Gramophone acquisition		$	174			$	-			$	-			$	174
Warrant liability on PodcastOne bridge loan			1,224				-				-				1,224
Bifurcated embedded derivative on PodcastOne bridge loan			932				-				-				932
Bifurcated embedded derivative on senior unsecured convertible note payable			149				-				-				149
Bifurcated embedded derivative on senior secured convertible note payable			88				-				-				88
		$	2,567			$	-			$	-			$	2,567

		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 Gramophone acquisition			174				-				-				174
Bifurcated embedded derivative on senior secured convertible note payable			18				-				-				18
		$	3,157			$	-			$	-			$	3,157

Schedule of financial liabilities

		Amount
Balance as of March 31, 2022		$	3,157
Embedded derivative and warrant issued in connection with PodcastOne bridge loan			3,966
Change in fair value of bifurcated embedded derivatives, reported in earnings			(1,750	)
Settlement of PodcastOne contingent consideration			(3,000	)
Change in fair value of contingent consideration liabilities, reported in earnings			194
Balance as of December 31, 2022		$	2,567

Schedule of derivatives on secured convertible notes payable and unsecured convertible notes payable

		December 31,				March 31,
		2022				2022
Bifurcated embedded derivative on secured convertible notes payable:
Market yield			4.7	%			4.7	%

Schedule of fair value measurement option for financial assets or liabilities

		December 31, 2022
		Carrying				Hierarchy Level
		Value				Level 1				Level 2				Level 3
Liabilities:
Secured convertible notes payable, net		$	13,719			$	-			$	-			$	15,519
Unsecured convertible notes payable related party, net			5,580				-				-				5,941
PodcastOne bridge loan			3,774				-				-				5,541

		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

		December 31,				March 31,
		2022				2022
Secured convertible notes payable, net (binomial lattice model):
Market yield			11.4	%			6.3	%
Unsecured convertible notes payable related party, net (yield model with a Black-Scholes-Merton option pricing model):
Market yield			11.86	%			6.6	%

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-URI https://asc.fasb.org/topic&trid=2155941

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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