XML 10 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Current Assets    
Cash and cash equivalents $ 1,985 $ 13,941
Accounts receivable, net of allowance for credit losses of $406 and $307, respectively 16,073 15,752
Content advances, net of allowance $4,690 and $4,818 respectively 5,168 6,736
Other current assets 1,637 1,652
Total current assets 24,863 38,081
Property and equipment, net 2,968 2,876
Intangible assets, net 18,449 18,168
Goodwill 6,799 6,799
Content advances, net of current portion 5,853 4,053
Other long-term assets 2,602 2,539
Total Assets 61,534 72,516
Current Liabilities    
Accounts payable and accrued expenses 20,757 31,109
Line of credit 3,628  
Current portion of deferred consideration on purchase of business 464 2,956
Current portion of operating lease liabilities 191 187
Deferred revenue 99 183
Total current liabilities 25,139 34,435
Operating lease liabilities, net of current portion 226 275
Other long-term liabilities 15 14
Total Liabilities 25,380 34,724
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; 7 shares issued and 7 shares outstanding at June 30 and March 31, 2025. 3,559 3,559
CCommon Stock, $0.001 par value; Class A Stock: 275,000,000 shares authorized as of June 30 and March 31, 2025; 17,940,445 and 16,487,947 shares issued, with 17,110,131 and 15,984,129 shares outstanding as of June 30 and March 31, 2025, respectively 195 194
Additional paid-in capital 551,320 548,405
Treasury stock, at cost; 830,315 and 503,821 shares as of June 30 and March 31, 2025, respectively (13,158) (12,193)
Accumulated deficit (504,557) (500,908)
Accumulated other comprehensive loss (289) (305)
Total stockholders' equity of Cineverse Corp. 37,070 38,752
Deficit attributable to noncontrolling interest (916) (960)
Total equity 36,154 37,792
Total Liabilities and Equity $ 61,534 $ 72,516