Note 14 - Other Long-term Liabilities

12 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Other Liabilities Disclosure [Text Block]

Note 14 — Other Long-Term Liabilities

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

	March 31,		March 31,
	2024		2023
Contingent consideration from Gramophone acquisition	$	-	$	174
Accrued royalties		7,508		3,788
Accrued legal		-		5,616
Accrued sales tax		1,706		-
Other		140		-
Total other long-term liabilities	$	9,354	$	9,578

The Company classified $7.5 million and $3.8 million of accrued royalties into long term based on contractual arrangements with the royalty holders for the year ended March 31, 2024 and 2023, respectively. In addition, the Company accrued $5.6 million into long term liabilities as a result of the Sound Exchange settlement, (Note 15 – Commitments and Contingencies) as of March 31, 2023. As of March 31, 2024 there was no long term liability associated with the Sound Exchange settlement. The amount previously included in Other long-term liabilities includes a contingent consideration liability resulting from the business combination of Gramophone which expired with no payment made during the year ended March 31, 2024.