ACQUISITIONS (Tables)

6 Months Ended

Sep. 30, 2020

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The acquisition-date fair value of the consideration totaled $195,493, which consisted of the following:

	Fair value of purchase consideration
Cash	$	97,846
Common stock (603,843 shares)	97,647
Total	$	195,493

We used the acquisition method of accounting and recognized assets at their fair value as of the date of acquisition, with the excess recorded to goodwill. The preliminary fair values of net tangible and intangible assets are management’s estimates based on the information available at the acquisition date and may change over the measurement period, which will end no later than one year from the acquisition date, as additional information is received.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary acquisition date fair value of net tangible and intangible assets acquired, net of liabilities assumed from Playdots:

	Fair Value		Weighted average useful life
Cash acquired	$	12,098	N/A
Other tangible net assets	8,206		N/A
Other liabilities assumed	(24,680)		N/A
Intangible Assets
Developed game technology	69,000		6
User base	6,200		1
Branding and trade names	3,400		8
Game engine technology	2,200		4
Goodwill	119,069		N/A
Total	$	195,493

Business Acquisition, Pro Forma Information

The amounts of revenue and earnings of Playdots included in our Consolidated Statement of Operations from the acquisition date to the period ending September 30, 2020 are as follows:

	September 4, 2020 to September 30, 2020
Net revenue	$	1,234
Net income (loss)	$	(6,049)

The following table summarizes the pro-forma consolidated results of operations (unaudited) for the three and six months ended September 30, 2020 and 2019, as though the acquisition had occurred on April 1, 2019, the beginning of Fiscal 2020, and Playdots had been included in our consolidated results for the entire periods subsequent to that date.

	Three Months Ended September 30,				Six Months Ended September 30,
	2020		2019		2020		2019
Pro-forma Net revenue	$	849,872	$	862,096	$	1,693,352	$	863,431
Pro-forma Net income	$	95,147	$	60,705	$	177,250	$	47,435