Discontinued Operations (Tables)

12 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Financial Results of Discontinued Operations

Details on assets and liabilities classified as held for disposal in the accompanying consolidated balance sheets are presented in the following table:

	Year ended March 31,
	2020		2019
Assets held for disposal
Accounts receivable, net of allowances of $0 and $1,589, respectively	$	—	$	1,883
Property and equipment, net	—		143
Total assets held for disposal	$	—	$	2,026
Liabilities held for disposal
Accounts payable	$	—	$	3,158
Accrued license fees and revenue share	—		537
Accrued compensation	—		226
Other current liabilities	—		3
Total liabilities held for disposal	$	—	$	3,924

The following table provides reconciling cash flow information for our discontinued operations:

	Year ended March 31,
	2020			2019			2018
Cash flows from operating activities
Net loss from discontinued operations, net of taxes	$	(380	)	$	(1,708	)	$	(33,160	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	19			279			1,037
Change in allowance for doubtful accounts	(1,589		)	1,011			194
Loss on disposal of fixed assets	109			—			—
Stock-based compensation	—			37			189
Impairment of intangible assets	—			—			1,065
Impairment of goodwill	—			—			34,045
(Increase) / decrease in assets:
Accounts receivable	3,472			5,119			(1,928		)
Goodwill	—			309			—
Prepaid expenses and other current assets	—			54			8
Increase / (decrease) in liabilities:
Accounts payable	(3,158		)	(5,631		)	708
Accrued license fees and revenue share	(537		)	(2,522		)	(2,459		)
Accrued compensation	(226		)	(303		)	(24		)
Other current liabilities	(3		)	(346		)	25
Other non-current liabilities	—			—			(24		)
Cash used in operating activities	(2,293		)	(3,701		)	(324		)
Cash flows from investing activities
Capital expenditures	—			—			(142		)
Cash used in investing activities	—			—			(142		)
Cash used in discontinued operations	$	(2,293	)	$	(3,701	)	$	(466	)

The following table summarizes the financial results of our discontinued operations for all periods presented herein:

Condensed Statements of Operations and Comprehensive Loss

For Discontinued Operations

(in thousands, except per share amounts)

	Year ended March 31,
	2020			2019			2018
Net revenues	—			3,970			48,877
Total cost of revenues	(1,202		)	1,788			42,950
Gross profit	1,202			2,182			5,927
Product development	60			732			2,194
Sales and marketing	—			350			1,444
General and administrative	1,433			2,671			1,835
Income / (loss) from operations	(291		)	(1,571		)	454
Loss on impairment of goodwill	—			—			(34,045		)
Interest and other income / (expense), net	(89		)	(137		)	431
Loss from discontinued operations before income taxes	(380		)	(1,708		)	(33,160		)
Income tax provision / (benefit)	—			—			—
Loss from discontinued operations, net of taxes	(380		)	(1,708		)	(33,160		)
Foreign currency translation adjustment	—			—			—
Comprehensive loss	(380		)	(1,708		)	(33,160		)
Basic and diluted net loss per common share	$	—		$	(0.02	)	$	(0.47	)
Weighted-average common shares outstanding, basic	84,594			77,440			70,263
Weighted-average common shares outstanding, diluted	89,558			77,440			70,263