Quarterly report pursuant to Section 13 or 15(d)

Investments

v3.3.1.900
Investments
9 Months Ended
Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Investments
Investments
On December 28, 2015, Digital Turbine Media, Inc., (“DTM”) (f/k/a Appia, Inc., f/k/a PocketGear, Inc.), a wholly-owned subsidiary of the Company, entered into a license agreement with Sift Media, Inc., granting a non-exclusive perpetual license to certain of DTM’s intellectual property, software, in exchange for 9.9% of Sift’s newly-issued preferred stock and a cash payment of $1,000. The 9.9% investment in Sift is valued at $999 and is carried at cost. Please see Note 16 regarding related party transactions.