RELATED PARTY TRANSACTIONS

3 Months Ended

Jun. 30, 2023

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 11 –RELATED PARTY TRANSACTIONS

The Company has an ongoing music subscription sharing agreement with Stingray, who has a minority interest in the Company, which enables subscribers to access a digital music library maintained by Stingray for the benefit of the Company and its retail customers. For the three months ended June 30, 2023 and 2022, the Company received music subscription revenue of approximately $176,000 and $132,000, respectively. These amounts were included as a component of net sales in the accompanying condensed consolidated statements of operations. On June 30, 2023 and March 31 2023, the Company had approximately $175,000 and $218,000, respectively, due from Stingray for music subscription reimbursement.