Note 5 - Goodwill and Intangible Assets

3 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Intangible Asset and Goodwill [Text Block]

Note 5 — Goodwill and Intangible Assets

Goodwill

The following table presents the changes in the carrying amount of goodwill for the three months ended June 30, 2026 (in thousands):

		*Goodwill*
Balance as of March 31, 2026		$	21,712
Acquisitions			-
Impairment losses			-
Balance as of June 30, 2026		$	21,712

Indefinite-Lived Intangible Assets

The following table presents the changes in the carrying amount of indefinite-lived brand and trade names intangible assets that are only in the Company’s Slacker operating segment for the three months ended June 30, 2026 (in thousands):

		*Tradenames*
Balance as of March 31, 2026		$	774
Acquisitions			-
Impairment losses			-
Balance as of June 30, 2026		$	774

Finite-Lived Intangible Assets

The Company’s finite-lived intangible assets were as follows as of June 30, 2026 (in thousands):

		*Gross*								*Net*
		*Carrying*				*Accumulated*				*Carrying*
		*Value*				*Amortization*				*Value*
Software		$	19,281			$	19,281			$	-
Intellectual property (patents)			3,146				2,647				499
Customer relationships			6,570				6,570				-
Content creator relationships			3,229				3,144				85
Domain names			123				77				46
Brand and trade names			1,071				667				404
Total		$	33,420			$	32,386			$	1,034

The Company’s finite-lived intangible assets were as follows as of March 31, 2026 (in thousands):

		*Gross*								*Net*
		*Carrying*				*Accumulated*				*Carrying*
		*Value*				*Amortization*				*Value*
Software		$	19,281			$	19,281			$	-
Intellectual property (patents)			3,146				2,665				481
Customer relationships			6,570				6,570				-
Content creator relationships			3,228				3,045				183
Domain names			123				75				48
Brand and trade names			1,071				641				430
Customer list			2,673				2,673				-
Total		$	36,092			$	34,950			$	1,142

Intangible assets are amortized over their estimated useful lives based on the pattern in which the economic benefits associated with the asset are expected to be consumed, which to date has approximated the straight-line method of amortization. The estimated useful lives for patents, customer relationships, domain names, brand and tradename and customer list are generally three to 15 years, one to two years, two to five years, seven to ten years and three to four years, respectively.

The Company’s amortization expense on its finite-lived intangible assets was $0.2 million and $0.1 million for the three months ended June 30, 2026 and 2025, respectively.

The Company expects to record amortization of intangible assets for fiscal years ending March 31, 2027 and future fiscal years as follows (in thousands):

For Years Ending March 31,
2027 (remaining nine months)		$	182
2028			182
2029			182
2030			182
2031			182
Thereafter			124
		$	1,034