XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net loss $ (1,557) $ (515)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,412 1,055
Stock-based compensation 1,616 877
Amortization of debt discount 0 986
Change in fair value of bifurcated embedded derivatives (607) (826)
Provision for credit loss (50) 0
Impairment of intangible assets 176 0
Changes in operating assets and liabilities:    
Accounts receivable (1,505) (2,339)
Prepaid expenses and other current assets (255) (285)
Inventories 84 150
Other assets (312) 124
Deferred revenue (52) (23)
Accounts payable and accrued liabilities 904 1,715
Accrued royalties 1,350 302
Other liabilities 138 0
Net cash provided by operating activities 1,342 1,221
Cash Flows from Investing Activities:    
Purchases of property and equipment (736) (627)
Net cash used in investing activities (736) (627)
Cash Flows from Financing Activities:    
Payment on PodcastOne bridge loan 0 (3,000)
Payment of dividends (509) 0
Repayment on notes payable (170) 0
Purchase of treasury stock (749) (1,013)
Net cash used in financing activities (1,428) (4,013)
Net change in cash, cash equivalents and restricted cash (822) (3,419)
Cash, cash equivalents and restricted cash, beginning of period 7,142 8,649
Cash, cash equivalents and restricted cash, end of period 6,320 5,230
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 0 0
Cash paid for interest 196 125
Supplemental disclosure of non-cash investing and financing activities:    
Shares issued for prepaid expenses 366 0
Fair value of shares issued to settle accrued stock to be issued at period end 220 0
Purchase of intangible assets accrued for at period end 118 0
Stock compensation expense capitalized as internally-developed software $ 155 $ 3