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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Mar. 31, 2017
Current assets    
Cash and cash equivalents $ 9,792 $ 12,566
Accounts receivable, net 40,262 53,608
Inventory 803 1,137
Unbilled revenue 5,204 5,655
Prepaid and other current assets 12,320 13,484
Total current assets 68,381 86,450
Restricted cash 1,000 1,000
Property and equipment, net 29,081 33,138
Intangible assets, net 18,833 20,227
Goodwill 8,701 8,701
Debt issuance costs 656 260
Other assets 1,558 1,558
Total assets 128,210 151,334
Current liabilities    
Accounts payable and accrued expenses 61,451 73,679
Current portion of notes payable 19,599 19,599
Current portion of notes payable, non-recourse (see Note 5) 5,854 6,056
Current portion of capital leases 36 66
Current portion of deferred revenue 2,186 2,461
Total current liabilities 89,126 101,861
Notes payable, non-recourse, net of current portion and unamortized debt issuance costs and debt discounts of $2,567 and $2,701, respectively (see Note 5) 48,408 55,048
Notes payable, net of current portion and unamortized debt issuance costs and debt discounts of $5,168 and $5,340 respectively (see Note 5) 60,008 59,396
Deferred revenue, net of current portion 4,954 5,324
Other long-term liabilities 382 408
Total liabilities 202,878 222,037
Stockholders’ deficit    
Additional paid-in capital 288,672 287,393
Accumulated deficit (365,650) (360,415)
Accumulated other comprehensive loss (41) (38)
Total stockholders’ deficit of Cinedigm Corp. (73,448) (69,489)
Deficit attributable to noncontrolling interest (1,220) (1,214)
Total deficit (74,668) (70,703)
Total liabilities and deficit 128,210 151,334
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; 7 shares issued and outstanding at June 30, 2017 and March 31, 2017, respectively. Liquidation preference of $3,648 3,559 3,559
Class A common stock    
Stockholders’ deficit    
Common stock, $0.001 par value; Class A and Class B stock; Class A stock 25,000,000 and 21,000,000 shares authorized; 12,386,702 and 11,841,983 shares issued and 12,386,702 and 11,841,983 shares outstanding at June 30, 2017 and March 31, 2017, respectively; 1,241,000 Class B stock authorized and issued and zero shares outstanding at June 30, 2017 and March 31, 2017, respectively $ 12 $ 12