v3.26.1
Note 3 - Revenue
12 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

Note 3 Revenue

 

The following table represents a disaggregation of revenue from contracts with customers for the years ended March 31, 2026 and 2025 (in thousands):

 

  

Year Ended March 31,

 
  

2026

  

2025

 

Revenue

        

Paid user services

 $11,972  $56,939 

Advertising

  61,616   52,285 

Merchandising

  3,556   5,181 

Sponsorship and Licensing

  -   - 

Ticket/Event

  -   - 

Total Revenue

 $77,144  $114,405 

 

For some contracts, the Company may invoice up front for services recognized over time or for contracts in which the Company has unsatisfied performance obligations. Payment terms and conditions vary by contract type, although terms generally cover monthly payments. In the circumstances where the timing of invoicing differs from the timing of revenue recognition, the Company has determined its contracts do not include a significant financing component. The Company has elected to apply the practical expedient under ASC 606-10-50-14 and not provide disclosure of the amount and timing of performance obligations as the performance obligations are part of a contract that has an original expected duration of one year or less. 

 

For the years ended March 31, 2026 and 2025, one customer accounted for 7% and 45% of our consolidated revenues, respectively.

 

The following table summarizes the significant changes in contract liabilities (deferred revenue) balances during the years ended March 31, 2026 and 2025 (in thousands):

 

  

Contract Liabilities

 

Balance as of April 1, 2024

 $728 

Revenue recognized that was included in the contract liability at beginning of the year

  (302)

Increase due to cash received, excluding amounts recognized as revenue during the year

  1,715 

Balance as of March 31, 2025

  2,141 

Revenue recognized that was included in the contract liability at beginning of the year

  (361)

Increase due to cash received, excluding amounts recognized as revenue during the year

  9 

Balance as of March 31, 2026

 $1,789