Investments |
9 Months Ended |
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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.
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- Definition The entire disclosure for investments accounted for under the cost-method. The carrying amount of such investments may be adjusted, for example, distributions in excess of cost (return of capital) or for other-than-temporary impairments. The cost method and lower-of-cost or market, an adaptation of the cost method, is generally followed for most investments in noncontrolled corporations, in some corporate joint ventures, and to a lesser extent in unconsolidated subsidiaries in which the entity does not have the ability to exercise significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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