Note 7 - Related Party Transactions |
12 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Notes to Financial Statements | |
| Related Party Transactions Disclosure [Text Block] |
Note 7 — Related Party Transactions
As of March 31, 2026, the Company’s parent, LiveOne, holds approximately 19.3 million shares of the Company's common stock and 1,100,000 common stock warrants to purchase shares of the Company with an exercise price of $3.00 per share. In addition, directors and management affiliated with LiveOne hold approximately 1.8 million shares of the Company's common stock.
During the years ended March 31, 2026 and 2025, the Company was allocated expenses by LiveOne attributed to the overhead expenses incurred on behalf of the Company. The amount allocated to the Company from LiveOne for the years ended March 31, 2026 and 2025, was $1.3 million and $1.0 million, respectively.
As of March 31, 2026 and 2025, the Company had a related party payable owed to LiveOne of $5.0 million and $0.5 million, respectively, which primarily consisted of expenses related to overhead expenses paid on behalf of the Company (See Note 2 – Summary of Significant Accounting Policies). As of March 31, 2026 and 2025, the Company had a related party receivable from LiveOne of $5.3 million and $0.4 million, respectively, which primarily consisted of cash allocated to LiveOne.
During the year ended March 31, 2026 and 2025, the Company issued 906,189 and 1,315,880 shares of its common stock, respectively, with a fair value of $1.7 million and $2.5 million, respectively, in exchange for amounts owed under a cost sharing agreement between LiveOne and the Company.
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