Note 12 - Other Long-Term Liabilities

9 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Other Liabilities Disclosure [Text Block]

Note 12 — Other Long-Term Liabilities

Other long-term liabilities consisted of the following (in thousands):

	December 31,		March 31,
	2023		2023
Contingent consideration from Gramophone acquisition	$	-	$	174
Accrued royalties		4,767		3,788
Accrued legal		2,619		5,616
Other long-term liabilities		20		-
Total other long-term liabilities	$	7,406	$	9,578

The Company classified $4.8 million of accrued royalties into long term based on contractual arrangements with the royalty holders. In addition, the Company accrued $2.6 million into long term liabilities as a result of the Sound Exchange settlement (Note 13 – Commitment and Contingencies). The amount previously included in Other long-term liabilities includes a contingent consideration liability resulting from the business combination of Gramophone (see Note 17 - Fair Value Measurements) which expired with no payment made during the nine months ended December 31, 2023.