Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Mar. 31, 2019
Current assets    
Cash $ 21,534 $ 10,894
Restricted cash 125 165
Accounts receivable, net of allowances of $4,059 and $895, respectively 33,135 22,707
Prepaid expenses and other current assets 3,653 1,331
Current assets held for disposal 0 2,026
Total current assets 58,447 37,123
Property and equipment, net 8,183 3,430
Right-of-use assets 4,237  
Deferred tax assets 0 40
Intangible assets, net 43,882 0
Goodwill 69,262 42,268
TOTAL ASSETS 184,011 82,861
Current liabilities    
Accounts payable 31,579 14,912
Accrued license fees and revenue share 19,423 16,205
Accrued compensation 4,311 2,441
Accrued earn-out 23,735 0
Short-term debt, net of debt issuance costs of $62 and $0, respectively 1,188 0
Other current liabilities 2,573 826
Current liabilities held for disposal 0 3,924
Total current liabilities 82,809 38,308
Long-term debt, net of debt issuance costs of $245 and $0, respectively 18,505 0
Warrant liability 0 8,013
Other non-current liabilities 5,243 182
Total liabilities 106,557 46,503
Stockholders' equity    
Preferred stock, Series A convertible preferred stock at $0.0001 par value; 2,000,000 shares authorized, 100,000 issued and outstanding (liquidation preference of $1,000) 100 100
Common stock, $0.0001 par value: 200,000,000 shares authorized; 87,057,421 issued and 86,322,965 outstanding at March 31, 2020; 82,354,940 issued and 81,620,484 outstanding at March 31, 2019 10 10
Additional paid-in capital 360,224 332,793
Treasury stock (754,599 shares at March 31, 2020 and March 31, 2019) (71) (71)
Accumulated other comprehensive loss (591) (356)
Accumulated deficit (282,218) (296,118)
Total stockholders' equity 77,454 36,358
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 184,011 $ 82,861