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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Mar. 31, 2017
Current assets    
Cash and cash equivalents $ 17,218 $ 12,566
Accounts receivable, net 37,870 53,608
Inventory, net 812 1,137
Unbilled revenue 4,747 5,655
Prepaid and other current assets 10,885 13,484
Total current assets 71,532 86,450
Restricted cash 1,000 1,000
Property and equipment, net 23,479 33,138
Intangible assets, net 16,045 20,227
Goodwill 8,701 8,701
Debt issuance costs 134 260
Other assets 1,336 1,558
Total assets 122,227 151,334
Current liabilities    
Accounts payable and accrued expenses 63,460 73,679
Current portion of notes payable, including unamortized debt discount of $318 and $0 (See Note 5) 16,491 19,599
Current portion of notes payable, non-recourse (see Note 5) 2,954 6,056
Current portion of capital leases 0 66
Current portion of deferred revenue 1,855 2,461
Total current liabilities 84,760 101,861
Notes payable, non-recourse, net of current portion and unamortized debt issuance costs and debt discounts of $2,289 and $2,701 respectively (see Note 5) 38,331 55,048
Notes payable, net of current portion and unamortized debt issuance costs and debt discounts of $3,445 and $5,340 respectively (see Note 5) 16,997 59,396
Deferred revenue, net of current portion 4,213 5,324
Other long-term liabilities 331 408
Total liabilities 144,632 222,037
Stockholders’ deficit    
Additional paid-in capital 366,092 287,393
Treasury stock, at cost; 1,313,836 Class A common shares at December 31, 2017 11,603 0
Accumulated deficit (379,191) (360,415)
Accumulated other comprehensive loss (51) (38)
Total stockholders’ deficit of Cinedigm Corp. (21,159) (69,489)
Deficit attributable to noncontrolling interest (1,246) (1,214)
Total deficit (22,405) (70,703)
Total liabilities and deficit 122,227 151,334
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 December 31, 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 60,000,000 shares and 25,000,000 shares authorized at December 31, 2017 and March 31, 2017 respectively; 36,138,785 and 11,841,983 shares issued and 34,824,949 and 11,841,983 shares outstanding at December 31, 2017 and March 31, 2017, respectively; 1,241,000 Class B stock authorized and issued and zero shares outstanding at March 31, 2017 $ 35 $ 12