RELATED PARTY TRANSACTIONS

12 Months Ended

Mar. 31, 2023

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 17 – RELATED PARTY TRANSACTIONS

DUE TO/FROM RELATED PARTIES

During our fiscal year ended March 31, 2023 and 2022, the Company did business with Stingray who is part of a group of investors who participated in the Private Placement and have acquired a minority interest in the Company (see Note 10 – August 2021 Private Placement). On both March 31, 2023 and 2022, the Company had approximately $0.2 million due from Stingray for music subscription reimbursement.

TRADE

The Company has a music subscription sharing agreement with Stingray. For the fiscal years ended March 31, 2023 and 2022 the Company received music subscription revenue of approximately $0.7 million and $0.5 million, respectively. These amounts were included as a component of net sales in the accompanying consolidated statements of operations.