Discontinued Operations (Tables)

12 Months Ended

Mar. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Financial Results of Discontinued Operations

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
Net revenues	$	—	$	3,970
Total costs of revenues	(1,202)		1,788
Product development	60		732
Sales and marketing	—		350
General and administrative	1,433		2,671
Loss from operations	(291)		(1,571)
Interest and other income / (expense), net	(89)		(137)
Loss from discontinued operations before income taxes	(380)		(1,708)
Income tax provision / (benefit)	—		—
Loss from discontinued operations, net of taxes	(380)		(1,708)
Foreign currency translation adjustment	—		—
Comprehensive loss	(380)		(1,708)
Basic and diluted net loss per common share	$	—	$	(0.02)
Weighted-average common shares outstanding, basic	84,594		77,440
Weighted-average common shares outstanding, diluted	89,558		77,440

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

	Year ended March 31,
	2020	2019
Cash flows from operating activities
Net loss from discontinued operations, net of taxes	(380)	(1,708)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	19	279
Change in allowance for doubtful accounts	(1,589)	1,011
Loss on disposal of fixed assets	109	—
Stock-based compensation	—	37
(Increase) / decrease in assets:
Accounts receivable	3,472	5,119
Goodwill	—	309
Prepaid expenses and other current assets	—	54
Increase / (decrease) in liabilities:
Accounts payable	(3,158)	(5,631)
Accrued license fees and revenue share	(537)	(2,522)
Accrued compensation	(226)	(303)
Other current liabilities	(3)	(346)
Cash used in operating activities	(2,293)	(3,701)
Cash used in discontinued operations	(2,293)	(3,701)