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Note 16 - Income Tax Provision (Tables)

12 Months Ended

Mar. 31, 2025

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Year Ended March 31,
		2025				2024
Loss before income taxes:
Domestic		$	(20,555	)		$	(13,193	)
Foreign			-				-
Total loss before income taxes		$	(20,555	)		$	(13,193	)
The provision for income taxes consisted of the following:
Current
U.S. Federal		$	-			$	-
State			95				111
Foreign			-				-
Total Current			95				111
Deferred:
U.S. Federal			(68	)			(2	)
State			(212	)			9
Foreign			-				-
Total Deferred			(280	)			7
Total provision for income taxes		$	(185	)		$	118

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year Ended March 31,
		2025				2024
Income taxes computed at Federal statutory rate		$	(4,316	)		$	(2,777	)
State tax — net of federal benefit			(778	)			156
Nondeductible expenses			364				1,021
PodcastOne distribution			-				2,601
Federal NOL true-up			-				(3,166	)
Change in tax rates			136				107
Change in valuation allowance			4,058				1,764
Stock compensation			374				328
Other			(23	)			84
Total provision for income taxes		$	(185	)		$	118

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		Year Ended March 31,
		2025				2024
Deferred tax assets:
Net operating loss carryforwards		$	37,055			$	36,781
Research and development			1,519				1,195
Accruals and reserves			2,551				1,821
Stock compensation			3,448				3,520
163 (j) interest expense carryforwards			795				784
Charitable contribution carryforward			-				8
Other			13				-
Gross deferred tax assets			45,381				44,109
Deferred tax liabilities:
Right of use asset			(26	)			(151	)
Property and equipment			68				(575	)
Intangible assets			359				(1,938	)
Net deferred tax assets			45,782				41,445
Valuation allowance			(45,842	)			(41,784	)
Net deferred tax liability		$	(60	)		$	(339	)

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

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