XML 16 R5.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Stockholders' Equity (Deficit) and Mezzanine Equity (Unaudited) - USD ($)
$ in Thousands
Redeemable Convertible Preferred Stock 1 [Member]
Preferred Stock [Member]
Common Stock Outstanding [Member]
 [1]
Common Stock [Member]
 [1]
Additional Paid-in Capital [Member]
 [1]
Retained Earnings [Member]
Noncontrolling Interest [Member]
Treasury Stock, Common [Member]
Total
Balance (in shares) at Mar. 31, 2024 5,000 18,814 9,248,746            
Balance at Mar. 31, 2024 $ 4,962 $ 18,814   $ 9 $ 216,199 $ (238,984) $ 10,339 $ (4,782) $ 1,595
Balance (in shares) at Mar. 31, 2024 [1]               (386,004)  
Stock-based compensation $ 0 $ 0   0 782 0 0 $ 0 782
Shares issued pursuant to restricted stock units (in shares) 0 0 16,150         0 [1]  
Dividends on Series A preferred stock (in shares) 0 378 0         (0) [1]  
Dividends on Series A preferred stock $ 0 $ 378   0 0 (378) 0 $ 0 0
Dividends on Series A preferred stock (in shares) 0 (378) 0         0 [1]  
Common stock issued for services (in shares) 0 0 76,552         0 [1]  
Common stock issued for services $ 0 $ 0   0 1,577 0 0 $ 0 1,577
Treasury stock purchases (in shares) 0 0 0         (40,259) [1]  
Treasury stock purchases $ 0 $ 0   0 0 0 0 $ (749) (749)
Net loss $ 0 $ 0   0 0 (1,169) (388) $ 0 (1,557)
Conversion of preferred stock (in shares) (5,000) (6,395) 542,623         0 [1]  
Conversion of Series A preferred stock into common stock and common stock warrants $ (4,962) $ (6,395)   1 11,672 (316) 0 $ 0 4,962
Issuance of PodcastOne common stock $ 0 $ 0   0 (468) 0 468 0 0
Balance (in shares) at Jun. 30, 2024 0 12,797 9,884,071            
Balance at Jun. 30, 2024 $ 0 $ 12,797   10 229,762 (240,847) 10,419 $ (5,531) 6,610
Balance (in shares) at Jun. 30, 2024 [1]               (426,263)  
Balance (in shares) at Mar. 31, 2024 5,000 18,814 9,248,746            
Balance at Mar. 31, 2024 $ 4,962 $ 18,814   9 216,199 (238,984) 10,339 $ (4,782) $ 1,595
Balance (in shares) at Mar. 31, 2024 [1]               (386,004)  
Treasury stock purchases (in shares)                 (41,816)
Treasury stock purchases                 $ (1,000)
Net loss                 (3,875)
Balance (in shares) at Sep. 30, 2024 0 13,187 9,511,308            
Balance at Sep. 30, 2024 $ 0 $ 13,187   10 231,018 (248,623) 10,506 $ (250) 5,848
Balance (in shares) at Sep. 30, 2024 [1]               (1,557)  
Balance (in shares) at Mar. 31, 2024 5,000 18,814 9,248,746            
Balance at Mar. 31, 2024 $ 4,962 $ 18,814   9 216,199 (238,984) 10,339 $ (4,782) 1,595
Balance (in shares) at Mar. 31, 2024 [1]               (386,004)  
Balance (in shares) at Mar. 31, 2025 0 14,002 9,688,016            
Balance at Mar. 31, 2025 $ 0 $ 14,002   10 233,582 (265,119) 9,363 $ (250) (8,412)
Balance (in shares) at Mar. 31, 2025 [1]               (15,565)  
Balance (in shares) at Jun. 30, 2024 0 12,797 9,884,071            
Balance at Jun. 30, 2024 $ 0 $ 12,797   10 229,762 (240,847) 10,419 $ (5,531) 6,610
Balance (in shares) at Jun. 30, 2024 [1]               (426,263)  
Stock-based compensation $ 0 $ 0   0 1,570 0 0 $ 0 1,570
Shares issued pursuant to restricted stock units (in shares) 0 0 47,573         0 [1]  
Dividends on Series A preferred stock (in shares) 0 390 0         0 [1]  
Dividends on Series A preferred stock $ 0 $ 390   0 0 (390) 0 $ 0 0
Dividends on Series A preferred stock (in shares) 0 (390) 0         0 [1]  
Common stock issued for services (in shares) 0 0 5,927         0 [1]  
Common stock issued for services $ 0 $ 0   0 231 0 0 $ 0 231
Treasury stock purchases (in shares) 0 0 0         (1,557) [1]  
Treasury stock purchases $ 0 $ 0   0 0 0 0 $ (250) (250)
Net loss 0 0   0 0 (1,859) (458) 0 (2,317)
Issuance of PodcastOne common stock $ 0 $ 0   0 (545) 0 545 $ 0 0
Treasury stock retirement (in shares) 0 0 (426,263)         426,263 [1]  
Treasury stock retirement $ 0 $ 0   0 0 (5,527) 0 $ 5,531 (4)
Treasury stock retirement (0) (0)   (0) (0) 5,527 (0) (5,531) 4
Dividends from spin-off of PodcastOne $ 0 $ 0   0 0 0 0 0 0
Balance (in shares) at Sep. 30, 2024 0 13,187 9,511,308            
Balance at Sep. 30, 2024 $ 0 $ 13,187   10 231,018 (248,623) 10,506 $ (250) 5,848
Balance (in shares) at Sep. 30, 2024 [1]               (1,557)  
Balance (in shares) at Mar. 31, 2025 0 14,002 9,688,016            
Balance at Mar. 31, 2025 $ 0 $ 14,002   10 233,582 (265,119) 9,363 $ (250) (8,412)
Balance (in shares) at Mar. 31, 2025 [1]               (15,565)  
Stock-based compensation $ 0 $ 0   0 157 0 0 $ 0 157
Shares issued pursuant to restricted stock units (in shares) 0 0 3,576         0 [1]  
Dividends on Series A preferred stock (in shares) 0 426 0         (0) [1]  
Dividends on Series A preferred stock $ 0 $ 426   0 0 (426) 0 $ 0 0
Dividends on Series A preferred stock (in shares) 0 (426) 0         0 [1]  
Common stock issued for services (in shares) 0 0 17,565         0 [1]  
Common stock issued for services $ 0 $ 0   0 149 0 0 $ 0 149
Issuance of PodcastOne common stock $ 0 $ 0   0 460 0 (342) $ 0 118
Treasury stock purchases (in shares) 0 0 0         (29,146) [1]  
Treasury stock purchases $ 0 $ 0   0 0 0 0 $ (240) (240)
Net loss $ 0 $ 0   0 0 (3,593) (271) 0 (3,864)
Balance (in shares) at Jun. 30, 2025 0 14,428 9,709,157            
Balance at Jun. 30, 2025 $ 0 $ 14,428   10 234,348 (269,138) 8,750 $ (490) (12,092)
Balance (in shares) at Jun. 30, 2025 [1]               (44,711)  
Balance (in shares) at Mar. 31, 2025 0 14,002 9,688,016            
Balance at Mar. 31, 2025 $ 0 $ 14,002   10 233,582 (265,119) 9,363 $ (250) $ (8,412)
Balance (in shares) at Mar. 31, 2025 [1]               (15,565)  
Treasury stock purchases (in shares)                 (61,761)
Treasury stock purchases                 $ (600)
Net loss                 (9,569)
Balance (in shares) at Sep. 30, 2025 0 7,947 11,573,563            
Balance at Sep. 30, 2025 $ 0 $ 7,947   11 251,593 (274,949) 8,225 $ (835) (8,008)
Balance (in shares) at Sep. 30, 2025 [1]               (106,472)  
Balance (in shares) at Jun. 30, 2025 0 14,428 9,709,157            
Balance at Jun. 30, 2025 $ 0 $ 14,428   10 234,348 (269,138) 8,750 $ (490) (12,092)
Balance (in shares) at Jun. 30, 2025 [1]               (44,711)  
Stock-based compensation $ 0 $ 0   0 258 0 258
Shares issued pursuant to restricted stock units (in shares) 0 0 8,781         [1]  
Dividends on Series A preferred stock $ 0 $ 269   0 0 (269) 0
Common stock issued for services (in shares) 0 0 17,065         [1]  
Common stock issued for services $ 0 $ 0   0 128 0 128
Issuance of PodcastOne common stock $ 0   580 0 (362) 218
Treasury stock purchases (in shares) 0 0 0         (61,761) [1]  
Treasury stock purchases $ 0 $ 0   0 0 0 $ (345) (345)
Net loss $ 0 $ 0   0 0 (5,542) (163) (5,705)
Conversion of preferred stock (in shares) 0 (6,750) 450,000         0 [1]  
Conversion of preferred stock $ 0 $ (6,750)   0 6,750 0 0 $ 0 0
Common stock issued for settlement of accrued expenses (in shares) 0 0 27,727         0 [1]  
Common stock issued for settlement of accrued expenses $ 0 $ 0   0 152 0 0 $ 0 152
Issuance of common stock and common stock warrants (in shares) 0 0 1,360,833         0 [1]  
Issuance of common stock and common stock warrants $ 0 $ 0   1 9,377 0 0 $ 0 9,378
Balance (in shares) at Sep. 30, 2025 0 7,947 11,573,563            
Balance at Sep. 30, 2025 $ 0 $ 7,947   $ 11 $ 251,593 $ (274,949) $ 8,225 $ (835) $ (8,008)
Balance (in shares) at Sep. 30, 2025 [1]               (106,472)  
[1] After giving effect to the Reverse Stock Split - See Note 16 - Stockholders' Deficit