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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Mar. 31, 2021
ASSETS    
Cash and cash equivalents $ 12,645 $ 16,849
Accounts receivable, net 24,151 21,093
Inventory 122 166
Unbilled revenue 2,074 1,377
Prepaid and other current assets 3,610 3,657
Total current assets 42,602 43,142
Restricted cash 1,000
Equity investment in Starrise, a related party, at fair value 7,443 6,443
Property and equipment, net 2,546 3,500
Right-of-use assets 31 100
Intangible assets, net 16,367 9,860
Goodwill 13,527 8,701
Other long-term assets 1,385 2,700
Total assets 83,901 75,446
LIABILITIES AND EQUITY    
Accounts payable and accrued expenses 52,741 46,627
Current portion of notes payable (see Note 5) 1,956
Current portion of notes payable, non-recourse (see Note 5) 7,786
Current portion of deferred consideration on purchase of a business 465
Current portion of earnout consideration on purchase of a business 277
Operating lease liabilities, current portion 28 87
Current portion of deferred revenue 167 924
Total current liabilities 53,678 57,380
PPP Loan 2,152
Deferred consideration on purchase of a business, net of current portion 1,515
Earnout consideration on purchase of a business, net of current portion 1,184
Operating lease liabilities, net of current portion 3 13
Other long-term liabilities 19
Total liabilities 56,380 59,564
Commitments and contingencies (see Note 7)
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 September 30, 2021 and March 31, 2021. Liquidation preference of $3,737 3,559 3,559
Common stock, $0.001 par value; Class A stock 200,000,000 and 200,000,000 shares authorized at September 30, 2021 and March 31, 2021, respectively; 170,426,311 and 167,542,404 shares issued and 169,110,460 and 166,228,568 shares outstanding at September 30, 2021 and March 31, 2021, respectively 167 164
Additional paid-in capital 506,111 499,272
Treasury stock, at cost; 1,315,851 and 1,313,836 Class A common shares at September 30, 2021 and March 31, 2021, respectively (11,608) (11,603)
Accumulated deficit (469,255) (474,080)
Accumulated other comprehensive loss (87) (68)
Total stockholders’ equity of Cinedigm Corp. 28,887 17,244
Deficit attributable to noncontrolling interest (1,366) (1,362)
Total equity 27,521 15,882
Total liabilities and equity $ 83,901 $ 75,446