Note 6 - Related Party Transactions

6 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

Note 6 — Related Party Transactions

As of September 30, 2025, the Company’s parent, LiveOne, owns approximately 19.1 million shares of the Company's common stock and 1,100,000 common stock warrants to purchase shares of the Company at an exercise price of $3.00 per share. In addition, as of September 30, 2025, directors and management affiliated with LiveOne beneficially own approximately 1.8 million shares of the Company's common stock.

During the three and six months ended September 30, 2025 and 2024, the Company was allocated expenses by its parent company, LiveOne, attributed to the overhead expenses incurred on behalf of the Company. The amount allocated to the Company from LiveOne for the three months ended September 30, 2025 and 2024 was $0.4 million and $0.2 million, respectively.  The amount allocated to the Company from LiveOne for the six months ended September 30, 2025 and 2024 was $0.7 million and $0.3 million, respectively. 

As of September 30, 2025 and March 31, 2025, the Company had a related party payable owed to LiveOne of $0.5 million and $0.5 million, respectively, which primarily consisted of expenses related to overhead expenses paid on behalf of the Company. As of September 30, 2025 and March 31, 2025, the Company had a related party receivable from LiveOne of $0.4 million and $0.4 million, respectively, which primarily consisted of cash allocated to LiveOne.

During the six months ended September 30, 2025 and 2024, the Company issued 584,418 and 424,000 shares of its common stock, respectively, with a fair value of $1.0 million and $0.9 million, respectively, in exchange for amounts owed under a cost sharing agreement between LiveOne and the Company.