v3.26.1
Segment Information
 12 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION

3. SEGMENT INFORMATION

 

The Company operates as a single reportable segment. The Company’s chief operating decision maker ("CODM"), its Chief Executive Officer, reviews financial information on a consolidated basis to make operating decisions, assess financial performance, and allocate resources.

 

In evaluating performance, the CODM primarily assesses operating (loss) income and net (loss) income, as reported on the consolidated statement of operations and regularly reviews certain significant expense categories, including royalty expense; license, participation and technology costs; other direct operation costs; payroll and related expenses; professional services; advertising and marketing; amortization; and other general and administrative. These expense categories are considered key factors in managing the business and guiding resource allocation decisions.


This approach ensures that the Company’s financial reporting reflects the way management monitors expenses and overall financial performance.

 

The following table presents financial information with respect to the Company’s single operating segment for the years ended March 31, 2026, and 2025:
 

 

 

For the Fiscal Year Ended
March 31

 

 

 

2026

 

 

2025

 

Revenues

 

$

65,733

 

 

$

78,181

 

Less:

 

 

 

 

 

 

Royalty expense

 

 

9,025

 

 

 

24,243

 

License, participation and technology costs

 

 

13,594

 

 

 

7,118

 

Other direct operating costs

 

 

8,040

 

 

 

6,182

 

Payroll and related

 

 

19,649

 

 

 

16,900

 

Professional services

 

 

6,074

 

 

 

3,112

 

Advertising and marketing

 

 

7,526

 

 

 

1,385

 

Amortization and depreciation

 

 

5,972

 

 

 

3,797

 

Other general and administrative

 

 

10,059

 

 

 

7,520

 

Change in fair value of acquisition-related deferred consideration

 

 

950

 

 

 

—

 

Total operating expenses

 

 

80,889

 

 

 

70,257

 

Operating (loss) income

 

 

(15,156

)

 

 

7,924

 

Interest expense

 

 

(457

)

 

 

(4,365

)

Gain on bargain purchase

 

 

4,250

 

 

 

—

 

Other income (expense)

 

 

(137

)

 

 

311

 

Net (loss) income before income taxes

 

 

(11,500

)

 

 

3,870

 

Provision for income taxes

 

 

2,843

 

 

 

(106

)

Net (loss) income

 

$

(8,657

)

 

$

3,764