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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Mar. 31, 2019
Current assets    
Cash and cash equivalents $ 14,474 $ 17,872
Accounts receivable, net 40,902 35,510
Inventory, net 598 673
Unbilled revenue 1,682 2,336
Prepaid and other current assets 9,458 8,488
Total current assets 67,114 64,879
Restricted cash 1,000 1,000
Property and equipment, net 9,442 14,047
Right-of-use assets 1,765  
Intangible assets, net 7,518 9,686
Goodwill 8,701 8,701
Other long-term assets 171 526
Total assets 95,711 98,839
Current liabilities    
Accounts payable and accrued expenses 80,985 68,707
Current portion of notes payable, including unamortized debt discount of $690 and $1,436 respectively (see Note 5) 38,310 43,319
Operating lease liabilities 926  
Current portion of deferred revenue 1,640 1,687
Total current liabilities 121,861 113,713
Notes payable, non-recourse, net of current portion and unamortized debt issuance costs and debt discounts of $955 and $1,495 respectively (see Note 5) 11,604 19,132
Operating lease liabilities, noncurrent 918  
Deferred revenue, net of current portion 1,338 2,357
Other long-term liabilities 127 205
Total liabilities 135,848 135,407
Stockholders’ deficit    
Additional paid-in capital 375,489 368,531
Treasury stock, at cost; 1,313,836 Class A common shares at December 31, 2019 and March 31, 2019 11,603 11,603
Accumulated deficit (406,378) (395,814)
Accumulated other comprehensive income 35 10
Total stockholders’ deficit of Cinedigm Corp. (38,858) (35,281)
Deficit attributable to noncontrolling interest (1,279) (1,287)
Total deficit (40,137) (36,568)
Total liabilities and deficit 95,711 98,839
Series A preferred stock    
Stockholders’ 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, 2019 and March 31, 2019. Liquidation preference of $3,648 3,559 3,559
Class A common stock    
Stockholders’ deficit    
Common stock, $0.001 par value; Class A stock 60,000,000 shares authorized at December 31, 2019 and March 31, 2019; 41,105,917 and 36,992,433 shares issued and 39,792,081 and 35,678,597 shares outstanding at December 31, 2019 and March 31, 2019, respectively $ 40 $ 36