Note 6 - Related Party Transactions |
3 Months Ended |
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Jun. 30, 2026 | |
| Notes to Financial Statements | |
| Related Party Transactions Disclosure [Text Block] |
Note 6 — Related Party Transactions
As of June 30, 2026, the Company’s parent, LiveOne, owns approximately 20.4 million shares of the Company's common stock. In addition, as of June 30, 2026, directors and management affiliated with LiveOne beneficially own approximately 2.35 million shares of the Company's common stock.
During the three months ended June 30, 2026 and 2025, the Company was allocated expenses by its parent company, LiveOne, attributed to the overhead expenses incurred on behalf of the Company. The amount allocated to the Company from LiveOne for the three months ended June 30, 2026 and 2025 was $0.4 million and $0.4 million, respectively.
As of June 30, 2026 and March 31, 2026, the Company had a related party payable owed to LiveOne of $5.5 million and $5.0 million, respectively, which primarily consisted of expenses related to overhead expenses paid on behalf of the Company. As of June 30, 2026 and March 31, 2026, the Company had a related party receivable from LiveOne of $10.9 million and $5.3 million, respectively, which primarily consisted of cash allocated to LiveOne.
During the three months ended June 30, 2026 and 2025, the Company issued and 237,113 shares of its common stock, respectively, with a fair value of $0 and $0.5 million, respectively, in exchange for amounts owed under a cost sharing agreement between LiveOne and the Company.
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