Annual report pursuant to Section 13 and 15(d)

Acquisitions - Schedule of Pro Forma Information (Details)

v3.20.1
Acquisitions - Schedule of Pro Forma Information (Details) - USD ($)
 3 Months Ended 12 Months Ended
Feb. 28, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2019
Mar. 31, 2018
Pro Forma Combined Statement of Operations                          
Net revenues   $ 39,351,000 $ 36,016,000 $ 32,795,000 $ 30,553,000 $ 27,192,000 $ 30,411,000 $ 23,854,000 $ 22,112,000 $ 138,715,000 $ 103,569,000   $ 74,751,000
License fees and revenue share   23,591,000 21,576,000 20,146,000 18,275,000 15,768,000 19,195,000 15,802,000 15,216,000 83,588,000 65,981,000   47,967,000
Other direct costs of revenues   432,000 400,000 344,000 278,000 470,000 538,000 508,000 507,000 1,454,000 2,023,000   1,729,000
Total cost of revenues                   85,042,000 68,004,000   49,696,000
Gross profit   15,328,000 14,040,000 12,305,000 12,000,000 10,954,000 10,678,000 7,544,000 6,389,000 53,673,000 35,565,000   25,055,000
Product development                   12,018,000 10,876,000   9,653,000
Sales and marketing                   11,244,000 8,212,000   6,087,000
General and administrative                   17,199,000 13,032,000   15,124,000
Total operating expenses   12,403,000 9,908,000 9,190,000 8,960,000 9,020,000 8,222,000 7,229,000 7,649,000 40,461,000 32,120,000   30,864,000
Income / (loss) from operations   2,925,000 4,132,000 3,115,000 3,040,000 1,934,000 2,456,000 315,000 (1,260,000) 13,212,000 3,445,000   (5,809,000)
Interest income / (expense)                   41,000 (1,120,000)   (2,067,000)
Foreign exchange transaction gain / (loss)                   0 3,000   (148,000)
Change in fair value of convertible note embedded derivative liability                   0 (1,008,000)   (7,559,000)
Change in fair value of warrant liability                   (9,580,000) (4,875,000)   (3,208,000)
Loss on extinguishment of debt                   0 (431,000)   (1,785,000)
Other income / (expense)                   232,000 153,000   (72,000)
Total interest and other income / (expense), net   721,000 (830,000) (4,380,000) (4,818,000) (8,384,000) (3,376,000) 1,730,000 2,752,000 (9,307,000) (7,278,000)   (14,839,000)
Income / (loss) from continuing operations before income taxes   3,646,000 3,302,000 (1,265,000) (1,778,000) (6,450,000) (920,000) 2,045,000 1,492,000 3,905,000 (3,833,000)   (20,648,000)
Income tax (benefit) / provision                   (10,375,000) 469,000   (951,000)
Income / (loss) from continuing operations, net of taxes   $ 14,027,000 $ 3,261,000 $ (1,337,000) $ (1,671,000) $ (6,762,000) $ (1,136,000) $ 2,068,000 $ 1,528,000 14,280,000 (4,302,000)   (19,697,000)
Loss from discontinued operations                   (380,000) (1,708,000)   (33,160,000)
Loss from discontinued operations, net of taxes                   (380,000) (1,708,000)   (33,160,000)
Net income / (loss)                   13,900,000 (6,010,000)   (52,857,000)
Foreign currency translation adjustment                   (235,000) (31,000)   (4,000)
Comprehensive income / (loss)                   $ 13,665,000 $ (6,041,000)   $ (52,861,000)
Basic net income / (loss) per common share                          
Continuing operations (in dollars per share)                   $ 0.17 $ (0.06)   $ (0.28)
Discontinued operations (in dollars per share)                   0.00 (0.02)   (0.47)
Basic net income / (loss) per common share (in dollars per share)                   $ 0.17 $ (0.08)   $ (0.75)
Weighted-average common shares outstanding, basic   86,784,000 85,876,000 83,909,000 81,814,000 79,404,000 77,645,000 77,193,000 76,204,000 84,594,000 77,440,000   70,263,000
Diluted net income / (loss) per common share                          
Continuing operations (in dollars per share)                   $ 0.16 $ (0.06)   $ (0.28)
Discontinued operations (in dollars per share)                   0.00 (0.02)   (0.47)
Diluted net income / (loss) per common share (in dollars per share)                   $ 0.16 $ (0.08)   $ (0.75)
Weighted-average common shares outstanding, diluted   91,875,000 92,472,000 83,909,000 81,814,000 79,404,000 77,645,000 78,780,000 79,598,000 89,558,000 77,440,000.00   70,263,000
Basic and diluted net income / (loss) per common share                          
Continuing operations (in dollars per share)   $ 0.16 $ 0.04 $ (0.02) $ (0.02) $ (0.09) $ (0.01) $ 0.03 $ 0.02   $ (0.06)    
Discontinued operations (in dollars per share)                     (0.02)    
Basic net income / (loss) per common share (in dollars per share)                     $ (0.08)    
Mobile Posse                          
Operating Results                          
Revenues                   $ 4,817,000      
Cost of goods sold                   2,512,000      
Gross profit                   2,305,000      
Operating expenses                   1,290,000      
Net income                   1,015,000      
Mobile Posse                          
Pro Forma Combined Statement of Operations                          
Net revenues                   52,205,000   $ 59,387,000  
License fees and revenue share                   24,932,000   30,464,000  
Other direct costs of revenues                   1,735,000   1,903,000  
Total cost of revenues                   26,667,000   32,367,000  
Gross profit                   25,538,000   27,020,000  
Product development                   6,831,000   6,316,000  
Sales and marketing                   4,794,000   5,095,000  
General and administrative                   5,518,000   10,448,000  
Total operating expenses                   17,143,000   21,859,000  
Income / (loss) from operations                   8,395,000   5,161,000  
Interest income / (expense)                   (1,741,000)   (3,233,000)  
Foreign exchange transaction gain / (loss)                       0  
Change in fair value of convertible note embedded derivative liability                       0  
Change in fair value of warrant liability                   0   0  
Loss on extinguishment of debt                   (590,000)   0  
Other income / (expense)                   (1,421,000)   0  
Total interest and other income / (expense), net                   (3,752,000)   (3,233,000)  
Income / (loss) from continuing operations before income taxes                   4,643,000   1,928,000  
Income tax (benefit) / provision                   1,668,000   887,000  
Income / (loss) from continuing operations, net of taxes                   2,975,000   $ 1,041,000  
Pro Forma Adjustments                          
Pro Forma Combined Statement of Operations                          
Net revenues                   0 $ 0    
Other direct costs of revenues                   0    
Total cost of revenues                   0    
Gross profit                   0    
Product development                     0    
Sales and marketing                     0    
General and administrative                   173,000 197,000    
Total operating expenses                   173,000 197,000    
Income / (loss) from operations                   (173,000) (197,000)    
Interest income / (expense)                   675,000 2,071,000    
Foreign exchange transaction gain / (loss)                     0    
Change in fair value of convertible note embedded derivative liability                     0    
Change in fair value of warrant liability                     0    
Loss on extinguishment of debt                   590,000 0    
Other income / (expense)                     0    
Total interest and other income / (expense), net                   1,265,000 2,071,000    
Income / (loss) from continuing operations before income taxes                   1,092,000 1,874,000    
Income tax (benefit) / provision                     0    
Income / (loss) from continuing operations, net of taxes                   1,092,000 1,874,000    
Pro Forma Combined                          
Pro Forma Combined Statement of Operations                          
Net revenues                   190,920,000 162,956,000    
License fees and revenue share                   108,520,000 96,445,000    
Other direct costs of revenues                   3,189,000 3,926,000    
Total cost of revenues                   111,709,000 100,371,000    
Gross profit                   79,211,000 62,585,000    
Product development                   18,849,000 17,192,000    
Sales and marketing                   16,038,000 13,307,000    
General and administrative                   22,890,000 23,677,000    
Total operating expenses                   57,777,000 54,176,000    
Income / (loss) from operations                   21,434,000 8,409,000    
Interest income / (expense)                   (1,025,000) (2,282,000)    
Foreign exchange transaction gain / (loss)                     3,000    
Change in fair value of convertible note embedded derivative liability                     (1,008,000)    
Change in fair value of warrant liability                   (9,580,000) (4,875,000)    
Loss on extinguishment of debt                   0 (431,000)    
Other income / (expense)                   (1,189,000) 153,000    
Total interest and other income / (expense), net                   (11,794,000) (8,440,000)    
Income / (loss) from continuing operations before income taxes                   9,640,000 (31,000)    
Income tax (benefit) / provision                   (8,707,000) 1,356,000    
Income / (loss) from continuing operations, net of taxes                   18,347,000 (1,387,000)    
Loss from discontinued operations                   (380,000) (1,708,000)    
Loss from discontinued operations, net of taxes                   (380,000) (1,708,000)    
Net income / (loss)                   17,967,000 (3,095,000)    
Foreign currency translation adjustment                   (235,000) (31,000)    
Comprehensive income / (loss)                   $ 17,732,000 $ (3,126,000)    
Basic net income / (loss) per common share                          
Continuing operations (in dollars per share)                   $ 0.22      
Discontinued operations (in dollars per share)                   0.00      
Basic net income / (loss) per common share (in dollars per share)                   $ 0.22      
Weighted-average common shares outstanding, basic                   84,594,000 77,440,000    
Diluted net income / (loss) per common share                          
Continuing operations (in dollars per share)                   $ 0.20      
Discontinued operations (in dollars per share)                   0.00      
Diluted net income / (loss) per common share (in dollars per share)                   $ 0.20      
Weighted-average common shares outstanding, diluted                   89,558,000 77,440,000.00    
Basic and diluted net income / (loss) per common share                          
Continuing operations (in dollars per share)                     $ (0.02)    
Discontinued operations (in dollars per share)                     (0.02)    
Basic net income / (loss) per common share (in dollars per share)                     $ (0.04)    
Customer relationships | Mobile Posse                          
Basic and diluted net income / (loss) per common share                          
Remaining Useful Life 18 years                        
Developed technology | Mobile Posse                          
Basic and diluted net income / (loss) per common share                          
Remaining Useful Life 5 years