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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
Current Assets    
Cash and cash equivalents $ 6,248 $ 8,409
Restricted cash 205 240
Accounts receivable, net 16,057 13,658
Inventories 2,092 2,596
Prepaid expense and other current assets 1,557 2,823
Total Current Assets 26,159 27,726
Property and equipment, net 3,634 3,325
Goodwill 23,379 23,379
Intangible assets, net 12,536 11,035
Other assets 122 423
Total Assets 65,830 65,888
Current Liabilities    
Accounts payable and accrued liabilities 23,748 22,772
Accrued royalties 15,453 12,826
Notes payable, current portion 694 15
Deferred revenue 788 992
Senior secured line of credit 7,000 0
Bridge loan 0 4,726
Derivative liabilities 0 3,148
Total Current Liabilities 47,683 44,479
Senior secured line of credit 0 7,000
Notes payable 941 148
Operating lease liability, noncurrent 0 161
Derivative liabilities, noncurrent 279 376
Other long-term liabilities 7,406 9,578
Deferred income taxes 332 332
Total Liabilities 56,641 62,074
Commitments and Contingencies
Mezzanine Equity    
Redeemable convertible preferred stock, $0.001 par value; 10,000,000 shares authorized; 5,000 and 5,000 shares issued and outstanding as of December 31, 2023 and March 31, 2023, respectively 4,933 4,827
Stockholders’ Equity (Deficit)    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 18,604 and 16,177 shares issued and outstanding as of December 31, 2023 and March 31, 2023, respectively 18,604 16,177
Common stock, $0.001 par value; 500,000,000 shares authorized; 91,625,688 and 89,632,161 shares issued and outstanding, respectively 91 90
Additional paid in capital 216,433 209,151
Treasury stock (3,863) (2,162)
Accumulated deficit (235,954) (224,269)
Total LiveOne's Stockholders’ Deficit (4,689) (1,013)
Non-controlling interest 8,945 0
Total equity (deficit) 4,256 (1,013)
Total Liabilities, Mezzanine Equity and Stockholders’ Equity (Deficit) $ 65,830 $ 65,888