| Schedule of Financial Information of Company's Single Operating Segment |
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 |
|
|