Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Mar. 31, 2020
Current assets    
Cash $ 30,778 $ 21,534
Restricted cash 340 125
Accounts receivable, net of allowances for credit losses of $5,488 and $4,059, respectively 61,985 33,135
Prepaid expenses and other current assets 4,282 3,653
Total current assets 97,385 58,447
Property and equipment, net 13,050 8,183
Right-of-use assets 3,495 4,237
Deferred tax assets, net 12,963 0
Intangible assets, net 53,300 43,882
Goodwill 80,176 69,262
TOTAL ASSETS 260,369 184,011
Current liabilities    
Accounts payable 34,953 31,579
Accrued license fees and revenue share 46,196 19,423
Accrued compensation 9,817 4,311
Accrued earn-out 0 23,735
Short-term debt, net of debt issuance costs of $443 and $62, respectively 14,557 1,188
Other current liabilities 5,626 2,573
Total current liabilities 111,149 82,809
Long-term debt, net of debt issuance costs of $— and $245, respectively 0 18,505
Other non-current liabilities 4,108 5,243
Total liabilities 115,257 106,557
Stockholders' equity    
Series A convertible preferred stock at $0.0001 par value; 2,000,000 shares authorized, 100,000 issued and outstanding (liquidation preference of $1) 100 100
$0.0001 par value: 200,000,000 shares authorized; 90,685,553 issued and 89,949,847 outstanding at March 31, 2021; 88,041,240 issued and 87,306,784 outstanding at March 31, 2020 10 10
Additional paid-in capital 373,310 360,224
Treasury stock (754,599 shares at March 31, 2021 and March 31, 2020) (71) (71)
Accumulated other comprehensive loss (903) (591)
Accumulated deficit (227,334) (282,218)
Total stockholders' equity 145,112 77,454
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 260,369 $ 184,011