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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Mar. 31, 2021
Current assets    
Cash and cash equivalents $ 13,355 $ 16,849
Accounts receivable, net 27,145 21,093
Inventory, net 142 166
Unbilled revenue 1,672 1,377
Prepaid and other current assets 2,856 3,657
Total current assets 45,150 43,142
Restricted cash 1,000 1,000
Equity investment in Starrise, a related party, at fair value 6,777 6,443
Property and equipment, net 2,922 3,500
Right-of-use assets 66 100
Intangible assets, net 12,213 9,860
Goodwill 10,738 8,701
Other long-term assets 1,771 2,700
Total assets 80,637 75,446
Current liabilities    
Accounts payable and accrued expenses 50,213 46,627
Current portion of notes payable (see Note 6) 387 1,956
Current portion of notes payable, non-recourse (see Note 6) 3,031 7,786
Current portion of deferred consideration on purchase of a business 465  
Operating lease liabilities 58 87
Current portion of deferred revenue 449 924
Total current liabilities 54,603 57,380
PPP Loan 2,152
Deferred consideration on purchase of a business - net of current portion 1,515
Operating lease liabilities, noncurrent 8 13
Other long-term liabilities 19
Total liabilities 56,126 59,564
Commitments and contingencies (see Note 8)
Stockholders’ equity    
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 June 30, 2021 and March 31, 2021. Liquidation preference of $3,648 3,559 3,559
Common stock, $0.001 par value; Class A stock 200,000,000 and 200,000,000 shares authorized at June 30, 2021 and March 31, 2021, respectively; 169,114,525 and 167,542,404 shares issued and 167,800,689 and 166,228,568 shares outstanding at June 30, 2021 and March 31, 2021, respectively 166 164
Additional paid-in capital 502,848 499,272
Treasury stock, at cost; 1,313,836 Class A common shares at June 30, 2021 and March 31, 2021 (11,603) (11,603)
Accumulated deficit (468,982) (474,080)
Accumulated other comprehensive loss (122) (68)
Total stockholders’ equity of Cinedigm Corp. 25,866 17,244
Deficit attributable to noncontrolling interest (1,355) (1,362)
Total equity 24,511 15,882
Total liabilities and equity $ 80,637 $ 75,446