Annual report pursuant to Section 13 and 15(d)

Acquisitions and Disposals (Tables)

v3.7.0.1
Acquisitions and Disposals (Tables) - DT Media (Appia)
 12 Months Ended
Mar. 31, 2017
Summary of Final Fair Values of Assets Acquired and Liabilities Assumed
The following table summarizes the final fair values of the assets acquired and liabilities assumed at the date of acquisition.
Cash
 
$
1,363

Accounts receivable
 
7,364

Prepaid expenses and other assets
 
171

Property, plant and equipment
 
229

Developed technology
 
7,700

Advertiser relationships
 
6,500

Publisher relationships
 
3,200

Trade names/trademarks
 
380

Goodwill
 
69,312

Accounts payable
 
(5,179
)
Accrued expenses
 
(4,531
)
Debt
 
(11,600
)
Purchase price
 
$
74,909

Amortization Period for Intangible Assets Acquired
The amortization period for the intangible assets acquired in the DT Media transaction is as follows:
 
 
Useful Life
Developed technology
 
4 years
Trade names/trademarks
 
2 years
Publisher relationships
 
2 years
Advertiser relationships
 
2 years
Goodwill
 
Indefinite
Business Acquisition, Pro Forma Information
The pro forma financial information of the Company’s consolidated operations if the acquisition of DT Media, Inc. had occurred as of April 1, 2014 is presented below.
 
 
Unaudited
 
 
Year Ended March 31, 2015
Revenues
 
$
57,978

Cost of goods sold
 
45,580

Gross profit
 
12,398

Operating expenses
 
43,644

Loss from operations
 
31,246

Non-operating expense
 
3,372

Provision for income taxes
 
541

Net loss
 
$
35,159

Basic and diluted loss per share
 
$
0.90

Combined Consolidated Operating Results
The operating results of DT Media are included in the accompanying consolidated statements of operations from the acquisition date. The combined consolidated operating results from the acquisition date to March 31, 2015 are included in the table below. The combined consolidated operating results for fiscal 2016 include a full year of operating results of DT Media.
 
 
Unaudited
Revenues
 
$
3,251

Cost of goods sold
 
3,227

Gross profit
 
24

Operating expenses
 
1,194

Loss from operations
 
1,170

Non-operating expense
 
113

Provision for income taxes
 
—

Net loss
 
$
1,283