Summary of Significant Accounting Policies |
6 Months Ended |
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Sep. 30, 2015 | |
| Accounting Policies [Abstract] | |
| Summary of Significant Accounting Policies |
Summary of Significant Accounting Policies
The significant accounting policies and recent accounting pronouncements were described in Note 4 to the Consolidated Financial Statements included in the Annual Report on Form 10-K for the fiscal year ended March 31, 2015. There have been no significant changes in or updates to the accounting policies since March 31, 2015.
Principles of Consolidation
The Consolidated Financial Statements include the accounts of the Company and our wholly-owned subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation.
Interim Consolidated Financial Information
The accompanying Consolidated Financial Statements of Digital Turbine, Inc. should be read in conjunction with the Consolidated Financial Statements and accompanying Notes filed with the U.S. Securities and Exchange Commission ("SEC") in Digital Turbine, Inc.'s Annual Report on Form 10-K for the fiscal year ended March 31, 2015. The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). In the opinion of management, the accompanying Consolidated Financial Statements reflect all adjustments of a normal recurring nature considered necessary to fairly state the financial position of Digital Turbine, Inc. and its consolidated subsidiaries at September 30, 2015, the results of its operations and corresponding comprehensive loss for the three and six months ended September 30, 2015 and 2014, statement of stockholders' equity at September 30, 2015, and its cash flows for the six months ended September 30, 2015 and 2014.
Concentrations of Credit Risk
Financial instruments that potentially subject us to concentration of credit risk consist principally of cash and cash equivalents and accounts receivable. We have placed cash and cash equivalents at high credit-quality institutions. In our Content business most of our sales are made directly to large national mobile phone carriers. In our Advertising business most of our sales are made either directly to advertisers or through advertising aggregators. We perform ongoing credit evaluations of our customers and maintain an allowance for potential credit losses. As of September 30, 2015, three major customers across both the Content and Advertising businesses represented approximately 18.1%, 12.4%, and 10.5% of our accounts receivable outstanding, and 21.1%, 4.4%, and 0% of our accounts receivable outstanding as of March 31, 2015. The previously mentioned major customers accounted for 29.2%, 10.0%, and 11.4%, respectively, of our net revenues during the three months ended September 30, 2015 and 29.4%, 9.6%, and 6.9%, respectively, of our net revenues during the six months ended September 30, 2015. The previously mentioned major customers accounted for 52.6%, 0%, and 0%, respectively, of our net revenues during the 3 months ended September 30, 2014, and 58.5%, 0%, and 0%, respectively, of our net revenues during the six months ended September 30, 2014.
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