Note 3 - Revenue

12 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

Note 3 — Revenue

The following table represents a disaggregation of revenue from contracts with customers for the years ended March 31, 2024 and 2023 (in thousands):

	Year Ended March 31,
	2024		2023
Revenue
Membership services	$	66,182	$	52,388
Advertising		43,729		35,143
Merchandising		8,271		10,830
Sponsorship and Licensing		126		429
Ticket/Event		132		821
Total Revenue	$	118,440	$	99,611

For some contracts, the Company may invoice up front for services recognized over time or for contracts in which the Company has unsatisfied performance obligations. Payment terms and conditions vary by contract type, although terms generally cover monthly payments. In the circumstances where the timing of invoicing differs from the timing of revenue recognition, the Company has determined its contracts do not include a significant financing component. The Company has elected to apply the practical expedient under ASC 606-10-50-14 and not provide disclosure of the amount and timing of performance obligations as the performance obligations are part of a contract that has an original expected duration of one year or less. 

For the years ended March 31, 2024 and 2023, one customer accounted for 51% and 44% of our consolidated revenues, respectively.

The following table summarizes the significant changes in contract liabilities (deferred revenue) balances during the years ended March 31, 2024 and 2023 (in thousands):

	Contract Liabilities
Balance as of April 1, 2022	$	1,157
Revenue recognized that was included in the contract liability at beginning of the year		(506	)
Increase due to cash received, excluding amounts recognized as revenue during the year		341
Balance as of March 31, 2023		992
Revenue recognized that was included in the contract liability at beginning of the year		(389	)
Increase due to cash received, excluding amounts recognized as revenue during the year		125
Balance as of March 31, 2024	$	728