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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Mar. 31, 2020
Current assets    
Cash and cash equivalents $ 26,207 $ 14,294
Accounts receivable, net 25,088 34,785
Inventory, net 223 582
Unbilled revenue 3,077 1,992
Prepaid and other current assets 7,390 9,409
Total current assets 61,985 61,062
Restricted cash 1,000 1,000
Equity investment in Starrise, a related party, at fair value 7,584 23,433
Property and equipment, net 4,241 7,967
Right-of-use assets 1,210
Intangible assets, net 8,039 6,924
Goodwill 8,701 8,701
Other long-term assets 139 143
Total assets 91,689 110,440
Current liabilities    
Accounts payable and accrued expenses 54,137 77,085
Current portion of notes payable, including unamortized debt discount of $146 and $460 respectively (see Note 6) 11,890 37,249
Current portion of notes payable, non-recourse including unamortized debt discount of $— and $763, respectively (see Note 6) 11,153 11,442
Operating lease liabilities 117 593
Current portion of deferred revenue 1,336 1,645
Total current liabilities 78,633 128,014
Notes payable 2,153
Operating lease liabilities, noncurrent 17 684
Deferred revenue, net of current portion 4 919
Other long-term liabilities 110
Total liabilities 80,807 129,727
Commitments and contingencies (see Note 8)
Stockholders’ equity (deficit)    
Preferred stock, 15,000,000 shares authorized; Series A 10% - $0.001 par value per share; 20 shares authorized; and 7 shares issued and outstanding at December 31, 2020 and March 31, 2020. Liquidation preference of $3,648 3,559 3,559
Common stock, $0.001 par value; Class A stock 200,000,000 and 150,000,000 shares authorized at December 31, 2020 and March 31, 2020, respectively; 155,487,934 and 63,251,429 shares issued and 154,174,098 and 61,937,593 shares outstanding at December 31, 2020 and March 31, 2020, respectively 153 62
Additional paid-in capital 487,418 400,784
Treasury stock, at cost; 1,313,836 Class A common shares at December 31, 2020 and March 31, 2020 (11,603) (11,603)
Accumulated deficit (467,214) (410,904)
Accumulated other comprehensive (loss) income (94) 92
Total stockholders’ equity (deficit) of Cinedigm Corp. 12,219 (18,010)
Deficit attributable to noncontrolling interest (1,337) (1,277)
Total equity (deficit) 10,882 (19,287)
Total liabilities and equity $ 91,689 $ 110,440