Cineverse (CNVS) 10-Q 14 Aug 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2017	Aug. 09, 2017
Document and Entity Information [Abstract]
Entity Central Index Key	1,173,204
Entity Registrant Name	CINEDIGM CORP.
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Current Fiscal Year End Date	--03-31
Amendment Flag	false
Entity Common Stock, Shares Outstanding		13,657,445
Entity Filer Category	Accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,018

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017
Current assets
Cash and cash equivalents	$ 9,792	$ 12,566
Accounts receivable, net	40,262	53,608
Inventory	803	1,137
Unbilled revenue	5,204	5,655
Prepaid and other current assets	12,320	13,484
Total current assets	68,381	86,450
Restricted cash	1,000	1,000
Property and equipment, net	29,081	33,138
Intangible assets, net	18,833	20,227
Goodwill	8,701	8,701
Debt issuance costs	656	260
Other assets	1,558	1,558
Total assets	128,210	151,334
Current liabilities
Accounts payable and accrued expenses	61,451	73,679
Current portion of notes payable	19,599	19,599
Current portion of notes payable, non-recourse (see Note 5)	5,854	6,056
Current portion of capital leases	36	66
Current portion of deferred revenue	2,186	2,461
Total current liabilities	89,126	101,861
Notes payable, non-recourse, net of current portion and unamortized debt issuance costs and debt discounts of $2,567 and $2,701, respectively (see Note 5)	48,408	55,048
Notes payable, net of current portion and unamortized debt issuance costs and debt discounts of $5,168 and $5,340 respectively (see Note 5)	60,008	59,396
Deferred revenue, net of current portion	4,954	5,324
Other long-term liabilities	382	408
Total liabilities	202,878	222,037
Stockholders’ deficit
Additional paid-in capital	288,672	287,393
Accumulated deficit	(365,650)	(360,415)
Accumulated other comprehensive loss	(41)	(38)
Total stockholders’ deficit of Cinedigm Corp.	(73,448)	(69,489)
Deficit attributable to noncontrolling interest	(1,220)	(1,214)
Total deficit	(74,668)	(70,703)
Total liabilities and deficit	128,210	151,334
Series A preferred stock
Stockholders’ deficit
Preferred stock, 15,000,000 shares authorized; Series A 10% - $0.001 par value per share; 20 shares authorized; 7 shares issued and outstanding at June 30, 2017 and March 31, 2017, respectively. Liquidation preference of $3,648	3,559	3,559
Class A common stock
Stockholders’ deficit
Common stock, $0.001 par value; Class A and Class B stock; Class A stock 25,000,000 and 21,000,000 shares authorized; 12,386,702 and 11,841,983 shares issued and 12,386,702 and 11,841,983 shares outstanding at June 30, 2017 and March 31, 2017, respectively; 1,241,000 Class B stock authorized and issued and zero shares outstanding at June 30, 2017 and March 31, 2017, respectively	$ 12	$ 12

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2017	Mar. 31, 2017
Unamortized debt issuance expense	$ 4,823,000	$ 5,340,000
Preferred stock, shares authorized (shares)	15,000,000	15,000,000
Secured Debt
Unamortized debt issuance expense	$ 2,567,000	$ 2,701,000
Series A preferred stock
Preferred stock, shares authorized (shares)	20	20
Preferred stock, dividend rate (percentage)	10.00%	10.00%
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares issued (shares)	7	7
Preferred stock, shares outstanding (shares)	7	7
Preferred stock, liquidation preference	$ 3,648	$ 3,648
Class A common stock
Common stock, shares authorized (shares)	25,000,000	21,000,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares issued (shares)	12,386,702	11,841,983
Common stock, shares outstanding (shares)	12,386,702	11,841,983
Class B common stock
Common stock, shares authorized (shares)	1,241,000	1,241,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares issued (shares)	1,241,000	1,241,000
Common stock, shares outstanding (shares)	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Revenues	$ 15,240	$ 22,475
Costs and expenses:
Direct operating (excludes depreciation and amortization shown below)	4,066	5,691
Selling, general and administrative	6,318	6,432
Restructuring, transition and acquisition expenses, net	0	90
Depreciation and amortization of property and equipment	4,357	8,524
Amortization of intangible assets	1,395	1,463
Total operating expenses	16,136	22,200
(Loss) income from operations	(896)	275
Interest expense, net	(4,041)	(4,935)
Other (expense) income, net	(69)	125
Change in fair value of interest rate derivatives	40	27
Loss from operations before income taxes	(4,966)	(4,508)
Income tax expense	(186)	(67)
Net loss	(5,152)	(4,575)
Net loss attributable to noncontrolling interest	6	21
Net loss attributable to controlling interests	(5,146)	(4,554)
Preferred stock dividends	(89)	(89)
Net loss attributable to common stockholders	$ (5,235)	$ (4,643)
Net loss per Class A and Class B common stock attributable to common stockholders - basic and diluted:
Net loss attributable to common stockholders (in dollars per share)	$ (0.48)	$ (0.70)
Weighted average number of Class A and Class B common stock outstanding: basic and diluted (in shares)	10,920,446	6,623,449

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net loss	$ (5,152)	$ (4,575)
Other comprehensive (loss) income: foreign exchange translation	(3)	31
Comprehensive loss	(5,155)	(4,544)
Less: comprehensive loss attributable to noncontrolling interest	6	21
Comprehensive loss attributable to controlling interests	$ (5,149)	$ (4,523)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net loss	$ (5,152)	$ (4,575)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization of property and equipment and amortization of intangible assets	5,752	9,987
Loss on disposal of property and equipment	2	0
Amortization of debt issuance costs included in interest expense	487	666
Provision for inventory reserve	529	130
Stock-based compensation and expenses	317	278
Change in fair value of interest rate derivatives	40	(27)
Accretion and PIK interest expense added to note payable	410	134
Changes in operating assets and liabilities;
Accounts receivable	13,346	(2,121)
Inventory	(195)	(29)
Unbilled revenue	451	96
Prepaid expenses and other assets	907	(510)
Accounts payable and accrued expenses	(11,623)	3,517
Deferred revenue	(645)	(794)
Net cash provided by operating activities	4,626	6,752
Cash flows from investing activities:
Purchases of property and equipment	(227)	(152)
Purchases of intangible assets	0	(1)
Net cash used in investing activities	(227)	(153)
Cash flows from financing activities:
Payment of notes payable	(6,976)	(10,999)
Net repayments under revolving credit agreement	0	(5,744)
Principal payments on capital leases	(30)	(81)
Payments of debt issuance costs	(167)	(914)
Capital contributions from noncontrolling interest	0	38
Net cash used in financing activities	(7,173)	(17,700)
Net change in cash and cash equivalents	(2,774)	(11,101)
Cash and cash equivalents at beginning of period	12,566	25,481
Cash and cash equivalents at end of period	$ 9,792	$ 14,380

NATURE OF OPERATIONS

NATURE OF OPERATIONS	3 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NATURE OF OPERATIONS AND LIQUIDITY Cinedigm Corp. ("Cinedigm," the "Company," "we," "us," or similar pronouns) was incorporated in Delaware on March 31, 2000. We are (i) a leading distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to thousands of titles and episodes released across digital, physical, theatrical, home and mobile entertainment platforms and (ii) a leading servicer of digital cinema assets in over 12,000 movie screens in both North America and several international countries. We report our financial results in four primary segments as follows: (1) the first digital cinema deployment (“Phase I Deployment”), (2) the second digital cinema deployment (“Phase II Deployment”), (3) digital cinema services (“Services”) and (4) media content and entertainment group (“Content & Entertainment” or "CEG"). The Phase I Deployment and Phase II Deployment segments are the non-recourse, financing vehicles and administrators for our digital cinema equipment (the “Systems”) installed in movie theatres throughout the United States, and in Australia and New Zealand. Our Services segment provides fee based support to over 12,000 movie screens in our Phase I Deployment and Phase II Deployment segments, as well as directly to exhibitors and other third party customers, in the form of monitoring, billing, collection and verification services. Our Content & Entertainment segment is focused on: (1) ancillary market aggregation and distribution of entertainment content and; (2) a branded and curated over-the-top ("OTT") digital network business, providing entertainment channels and applications. We are structured so that our digital cinema business (collectively, the Phase I Deployment, Phase II Deployment and Services segments) operates independently from our Content & Entertainment segment. Liquidity We have incurred net losses historically and have an accumulated deficit of $365.7 million as of June 30, 2017 . We may continue to generate net losses for the foreseeable future. In addition, we have significant debt related contractual obligations for the fiscal year ended March 31, 2018 and beyond. We continue to expect cash flows from our Phase I and II deployment operations will be sufficient to satisfy our liquidity and contractual requirements that are linked to these operations. As of June 30, 2017 , we had approximately $56.8 million of outstanding debt principal that relates to, and is serviced by, our digital cinema business and is non-recourse to us. We also had approximately $84.4 million of outstanding debt principal that is a part of our Content & Entertainment and Corporate segments. On June 29, 2017, the Company entered into a Stock Purchase Agreement with a strategic partner to sell 20,000,000 shares of the Company’s Class A Common Stock, par value $0.001 (the "Class A Common Stock") per share for an aggregate purchase price of up to $30,000,000 , of which up to 400,000 shares may be sold to members of management instead of the strategic partner. Proceeds from the sale of the Company's Class A common stock will be used in part for exchanges of the 5.5% Convertible Notes and any related fees. The Company entered into two exchange agreements in July 2017 with holders of approximately 99% of the principal amount of the Company’s outstanding 5.5% Convertible Notes, due in, 2035 to exchange their notes into cash, Class A Common Stock, Second Lien Loans or a combination thereof in order to decrease the debt obligations of the Company. See Note 10 " Subsequent Events" for further discussion. Upon the issuance of all the shares described above, the strategic partner will own a majority of the outstanding Class A Common Stock and will be entitled to designate two ( 2 ) members of the Company’s Board of Directors, the size of which will be set at seven ( 7 ) members. As part of the Stock Purchase Agreement, the Company entered into an escrow agreement with the strategic partner where $15.0 million in cash was deposited with an escrow agent until the closing. The final closing of this transaction is subject to customary approvals, including stockholder, lender and regulatory approvals and consummation of the convertible note exchanges. We believe the combination of: (i) our cash and restricted cash balances at June 30, 2017, (ii) implemented and planned cost reduction initiatives, and (iii) the availability of debt financing secured in June 30, 2017, (iv) the close of the transaction of the strategic partner (v) expected cash flows from operations will be sufficient to satisfy our liquidity and capital requirements for at least a year after these consolidated financial statements are issued. Our capital requirements will depend on many factors, and we may need to use available capital resources and raise additional capital. Failure to generate additional revenues, raise additional capital or manage discretionary spending could have an adverse effect on our financial position, results of operations and liquidity.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION AND CONSOLIDATION The accompanying Condensed Consolidated Financial Statements are unaudited and include the accounts of the Company, its wholly owned and majority owned subsidiaries, and reflect all normal and recurring adjustments necessary for the fair presentation of its consolidated financial position, results of operations and cash flows. All material inter-company accounts and transactions have been eliminated in consolidation. Investments in which we do not have a controlling interest or are not the primary beneficiary but have the ability to exert significant influence, are accounted for under the equity method of accounting. Noncontrolling interests for which we have been determined to be the primary beneficiary are consolidated and recorded as net loss attributable to noncontrolling interest. See Note 3 - Other Interests to the Condensed Consolidated Financial Statements for a discussion of our noncontrolling and majority interests. USE OF ESTIMATES The preparation of these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires us to make estimates and assumptions that affect the amounts reported in these Condensed Consolidated Financial Statements and accompanying notes. As permitted under GAAP, interim accounting for certain expenses, such as the adequacy of accounts receivable reserves, return reserves, inventory reserves, recovery of advances, assessment of goodwill and intangible asset impairment and valuation reserve for income taxes, are based on full year assumptions when appropriate. Actual results could differ materially from those estimates. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"), although we believe that the disclosures are adequate to make the information presented not misleading. The results of operations for the respective interim periods are not necessarily indicative of the results expected for the full year. These Condensed Consolidated Financial Statements and accompanying notes should be read in conjunction with our annual consolidated financial statements and the notes thereto, included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2017 . CASH AND CASH EQUIVALENTS We consider all highly liquid investments with an original maturity of three months or less to be "cash equivalents." We maintain bank accounts with major banks, which from time to time may exceed the Federal Deposit Insurance Corporation’s insured limits. We periodically assess the financial condition of the institutions and believe that the risk of any loss is minimal. ACCOUNTS RECEIVABLE We maintain reserves for potential credit losses on accounts receivable. We review the composition of accounts receivable and analyze historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. Reserves are recorded primarily on a specific identification basis. Our Content & Entertainment segment recognizes accounts receivable, net of an estimated allowance for product returns and customer chargebacks, at the time that it recognizes revenue from a sale. We base the amount of the returns allowance and customer chargebacks upon historical experience and future expectations. We record accounts receivable, long-term in connection with activation fees that we earn from Systems deployments that have extended payment terms. Such accounts receivable are discounted to their present value at prevailing market rates. UNBILLED AND DEFERRED REVENUE Unbilled revenue represent amounts recognized as revenue for which invoices have not yet been sent to clients. Deferred revenue represents amounts billed or payments received for which revenue has not yet been earned. ADVANCES Advances, which are recorded within prepaid and other current assets within the consolidated balance sheets, represent amounts prepaid to studios or content producers for which we provide content distribution services. We evaluate advances regularly for recoverability and record impairment charges for amounts that we expect may not be recoverable as of the consolidated balance sheet date. We recorded impairments and accelerated amortization related to advances of $.9 million and $.4 million for the three months ended June 30, 2017 and 2016, respectively. INVENTORY Inventory consists of finished goods inventory of Company owned DVD and Blu-ray Disc titles and is stated at the lower of cost (determined based on weighted average cost) or market. We identify inventory items to be written down for obsolescence based on their sales status and condition. We write down discontinued or slow moving inventories based on an estimate of the markdown to retail price needed to sell through our current stock level of the inventories. RESTRICTED CASH Our Prospect Loan requires that we maintain specified cash balances that are restricted to repayment of interest thereunder. See Note 5 - Notes Payable for information about our restricted cash balances. PROPERTY AND EQUIPMENT Property and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation expense is recorded using the straight-line method over the estimated useful lives of the respective assets as follows: Computer equipment and software 3 - 5 years Digital cinema projection systems 10 years Machinery and equipment 3 - 10 years Furniture and fixtures 3 - 6 years Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the leasehold improvements. Repair and maintenance costs are charged to expense as incurred. Major renewals, improvements and additions are capitalized. Upon the sale or other disposition of any property and equipment, the cost and related accumulated depreciation and amortization are removed from the accounts and the gain or loss on disposal is included in the condensed consolidated statements of operations. ACCOUNTING FOR DERIVATIVE ACTIVITIES Derivative financial instruments are recorded at fair value. Changes in the fair value of derivative financial instruments are either recognized in accumulated other comprehensive loss (a component of stockholders' deficit) or in the consolidated statements of operations depending on whether the derivative qualifies for hedge accounting. We entered into an interest rate cap transaction to limit our exposure to interest rates on the Prospect Loan, which matures March 31, 2018. We have not sought hedge accounting treatment for the interest rate cap and therefore, changes in its value are recorded in the consolidated statements of operations. FAIR VALUE MEASUREMENTS The fair value measurement disclosures are grouped into three levels based on valuation factors: • Level 1 – quoted prices in active markets for identical investments • Level 2 – other significant observable inputs (including quoted prices for similar investments and market corroborated inputs) • Level 3 – significant unobservable inputs (including our own assumptions in determining the fair value of investments) Assets and liabilities measured at fair value on a recurring basis use the market approach, where prices and other relevant information are generated by market transactions involving identical or comparable assets or liabilities. The following tables summarize the levels of fair value measurements of our financial assets and liabilities as of June 30, 2017 and March 31, 2017 : (in thousands) Level 1 Level 2 Level 3 Total Restricted cash $ 1,000 $ — $ — $ 1,000 Our cash and cash equivalents, accounts receivable, unbilled revenue and accounts payable and accrued expenses are financial instruments and are recorded at cost in the Condensed Consolidated Balance Sheets. The estimated fair values of these financial instruments approximate their carrying amounts because of their short-term nature. At June 30, 2017 and March 31, 2017 , the estimated fair value of our fixed rate debt approximated its carrying amounts. We estimated the fair value of debt based upon current interest rates available to us at the respective balance sheet dates for arrangements with similar terms and conditions. Based on borrowing rates currently available to us for loans with similar terms, the carrying value of notes payable and capital lease obligations approximates fair value. IMPAIRMENT OF LONG-LIVED AND FINITE-LIVED ASSETS We review the recoverability of our long-lived assets and finite-lived intangible assets, when events or conditions occur that indicate a possible impairment exists. The assessment for recoverability is based primarily on our ability to recover the carrying value of our long-lived and finite-lived assets from expected future undiscounted net cash flows. If the total of expected future undiscounted net cash flows is less than the total carrying value of the asset, the asset is deemed not to be recoverable and possibly impaired. We then estimate the fair value of the asset to determine whether an impairment loss should be recognized. An impairment loss will be recognized if the asset's fair value is determined to be less than its carrying value. Fair value is determined by computing the expected future discounted cash flows. During the three months ended June 30, 2017 and 2016 , no impairment charge was recorded from operations for long-lived assets or finite-lived assets. GOODWILL Goodwill is the excess of the purchase price paid over the fair value of the net assets of an acquired business. Goodwill is tested for impairment on an annual basis at the end of the fourth quarter of each fiscal year, or more often if warranted by events or changes in circumstances indicating that the carrying value of a reporting unit may exceed fair value, also known as impairment indicators. Our process of evaluating goodwill for impairment involves the determination of fair value of goodwill compared to its carrying value. Our only reporting unit with goodwill is our Content & Entertainment reporting unit. Inherent in the fair value determination for each reporting unit are certain judgments and estimates relating to future cash flows, including management’s interpretation of current economic indicators and market conditions, and assumptions about our strategic plans with regard to its operations. To the extent additional information arises, market conditions change or our strategies change, it is possible that the conclusion regarding whether our remaining goodwill is impaired could change and result in future goodwill impairment charges that will have a material effect on our consolidated financial position or results of operations. No goodwill impairment charge was recorded in the three months ended June 30, 2017 and 2016. PARTICIPATIONS AND ROYALTIES PAYABLE When we use third parties to distribute company-owned content, we record participations payable, which represent amounts owed to the distributor under revenue-sharing arrangements. When we provide content distribution services, we record accounts payable and accrued expenses to studios or content producers for royalties owed under licensing arrangements. We identify and record as a reduction to the liability any expenses that are to be reimbursed to us by such studios or content producers. DEBT ISSUANCE COSTS We incur debt issuance costs in connection with long-term debt financings. Such costs are recorded as a direct deduction to notes payable and amortized over the terms of the respective debt obligations using the effective interest rate method. Debt issuance costs recorded in connection with revolving debt arrangements are presented as other assets on the Consolidated Balance Sheets and are amortized over the term of the revolving debt agreements using the effective interest rate method. REVENUE RECOGNITION Phase I Deployment and Phase II Deployment Virtual print fees (“VPFs”) are earned, net of administrative fees, pursuant to contracts with movie studios and distributors, whereby amounts are payable by a studio to Phase 1 DC, CDF I and to Phase 2 DC when movies distributed by the studio are displayed on screens utilizing our Systems installed in movie theatres. VPFs are earned and payable to Phase 1 DC and CDF I based on a defined fee schedule with a reduced VPF rate year over year until the sixth year (calendar year 2011) at which point the VPF rate remains unchanged through the tenth year until the VPFs phase out. One VPF is payable for every digital title initially displayed per System. The amount of VPF revenue is dependent on the number of movie titles released and displayed using the Systems in any given accounting period. VPF revenue is recognized in the period in which the digital title first plays on a System for general audience viewing in a digitally equipped movie theatre, as Phase 1 DC’s, CDF I's and Phase 2 DC’s performance obligations have been substantially met at that time. Phase 2 DC’s agreements with distributors require the payment of VPFs, according to a defined fee schedule, for ten years from the date each system is installed; however, Phase 2 DC may no longer collect VPFs once “cost recoupment,” as defined in the contracts with movie studios and distributors, is achieved. Cost recoupment will occur once the cumulative VPFs and other cash receipts collected by Phase 2 DC have equaled the total of all cash outflows, including the purchase price of all Systems, all financing costs, all “overhead and ongoing costs”, as defined, and including service fees, subject to maximum agreed upon amounts during the three-year rollout period and thereafter. Further, if cost recoupment occurs before the end of the eighth contract year, the studios will pay us a one-time “cost recoupment bonus.” Any other cash flows, net of expenses, received by Phase 2 DC following the achievement of cost recoupment are required to be returned to the distributors on a pro-rata basis. At this time, we cannot estimate the timing or probability of the achievement of cost recoupment. Beginning in December 2018, certain Phase 2 DC Systems will have reached the conclusion of their deployment payment period, subject to earlier achievement of cost recoupment. In accordance with existing agreements with distributors, VPF revenues will cease to be recognized on such Systems. Because the Phase II deployment installation period ended in December 2012, a majority of the VPF revenue associated with the Phase II systems will end by December 2022 or earlier if cost recoupment is achieved. Alternative content fees (“ACFs”) are earned pursuant to contracts with movie exhibitors, whereby amounts are payable to Phase 1 DC, CDF I and to Phase 2 DC, generally either a fixed amount or as a percentage of the applicable box office revenue derived from the exhibitor’s showing of content other than feature movies, such as concerts and sporting events (typically referred to as “alternative content”). ACF revenue is recognized in the period in which the alternative content first opens for audience viewing. Revenues earned in connection with up front exhibitor contributions are deferred and recognized over the expected cost recoupment period. Services Exhibitors who purchased and own Systems using their own financing in the Phase II Deployment paid us an upfront activation fee of approximately $2.0 thousand per screen (the “Exhibitor-Buyer Structure”). Upfront activation fees were recognized in the period in which these Systems were delivered and ready for content, as we had no further obligations to the customer after that time and collection was reasonably assured. In addition, we recognize activation fee revenue of between $1.0 thousand and $2.0 thousand on Phase 2 DC Systems and for Systems installed by CDF2 Holdings, a related party, (See Note 3 - Other Interests ) upon installation and such fees are generally collected upfront upon installation. Our services segment manages and collects VPFs on behalf of exhibitors, for which it earns an administrative fee equal to 10% of the VPFs collected. Our Services segment earns an administrative fee of approximately 5% of VPFs collected and, in addition, earns an incentive service fee equal to 2.5% of the VPFs earned by Phase 1 DC. This administrative fee is recognized in the period in which the billing of VPFs occurs, as performance obligations have been substantially met at that time. Content & Entertainment CEG earns fees for the distribution of content in the home entertainment markets via several distribution channels, including digital, VOD, and physical goods (e.g., DVD and Blu-ray Discs). Fees earned are typically based on the gross amounts billed to our customers less the amounts owed to the media studios or content producers under distribution agreements, and gross media sales of owned or licensed content. Depending upon the nature of the agreements with the platform and content providers, the fee rate that we earn varies. Generally, revenues are recognized when content is available for subscription on the digital platform, at the time of shipment for physical goods, or point-of-sale for transactional and VOD services. Reserves for sales returns and other allowances are recorded based upon historical experience. If actual future returns and allowances differ from past experience, adjustments to our allowances may be required. Sales returns and allowances are reported as a reduction of revenues. CEG also has contracts for the theatrical distribution of third party feature movies and alternative content. CEG’s distribution fee revenue and CEG's participation in box office receipts is recognized at the time a feature movie and alternative content are viewed. CEG has the right to receive or bill a portion of the theatrical distribution fee in advance of the exhibition date, and therefore such amount is recorded as a receivable at the time of execution, and all related distribution revenue is deferred until the third party feature movies’ or alternative content’s theatrical release date. Revenue is deferred in cases where a portion or the entire contract amount cannot be recognized as revenue due to non-delivery of services. Such amounts are classified as deferred revenue and are recognized as earned revenue in accordance with our revenue recognition policies described above. DIRECT OPERATING COSTS Direct operating costs primarily consist of operating costs such as cost of goods sold, fulfillment expenses, property taxes and insurance on systems, shipping costs, royalty expenses, impairments of advances, participation expenses, marketing and direct personnel costs. STOCK-BASED COMPENSATION Employee and director stock-based compensation expense related to our stock-based awards was as follows: For the Three Months Ended June 30, (In thousands) 2017 2016 Direct operating $ — $ 3 Selling, general and administrative 317 275 $ 317 $ 278 No stock options were granted or exercised during the three months ended June 30, 2017 and 2016. INCOME TAXES The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to operating loss and tax credit carryforwards and for differences between the carrying amounts of existing assets and liabilities and their respective tax bases. Valuation allowances are established when management is unable to conclude that it is more likely than not that some portion, or all, of the deferred tax asset will ultimately be realized. The Company is primarily subject to income taxes in the United States. NET LOSS PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS Basic and diluted net loss per common share has been calculated as follows: Basic and diluted net loss per common share attributable to common stockholders = Net loss attributable to common stockholders Weighted average number of common stock outstanding during the period Stock issued and treasury stock repurchased during the period are weighted for the portion of the period that they are outstanding. The shares to be repurchased in connection with the forward stock purchase transaction discussed in Note 5 - Notes Payable are considered repurchased for the purposes of calculating earnings per share and therefore the calculation of weighted average shares outstanding for the three months ended June 30, 2017 and 2016, excludes 1.2 million shares that will be repurchased as a result of the forward stock purchase transaction. We incurred net losses for the three months ended June 30, 2017 and 2016 , and therefore the impact of potentially dilutive common shares from outstanding stock options and warrants, totaling 1,411,827 shares and 2,703,774 shares as of June 30, 2017 and 2016 , respectively, were excluded from the computation of loss per share as their impact would have been anti-dilutive. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (“FASB”) issued new accounting guidance on revenue recognition. The new standard, issued Accounting Standards Update ("ASU") as ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”, provides for a single five-step model to be applied to all revenue contracts with customers as well as requires additional financial statement disclosures that will enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows relating to customer contracts. During 2016, the FASB issued several accounting updates (ASU No. 2016-08, 2016-10 and 2016-12) to clarify implementation guidance and correct unintended application of the guidance. Companies have an option to use either a retrospective approach or cumulative effect adjustment approach to implement the standard. The guidance will be effective during our fiscal year ending March 31, 2019 with early adoption permitted. We are still evaluating the impact of the adoption of this accounting standard update on our consolidated financial statements. On January 5, 2017, the FASB issued ASU No. 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business,” which provides additional guidance on evaluating whether transactions should be accounted for as acquisitions of assets or businesses. The guidance requires an entity to evaluate if substantially all the fair value of the assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If this threshold is met, the new guidance would define this as an asset acquisition; otherwise, the entity then evaluates whether the asset meets the requirement that a business include, at a minimum, an input and substantive process that together significantly contribute to the ability to create outputs. The guidance is effective for the Company on a prospective basis beginning on January 1, 2018, with early adoption permitted. This new guidance is not expected to have a material impact on the Company’s Consolidated Financial Statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, the new guidance eliminates the need to determine the fair value of individual assets and liabilities of a reporting unit to measure a goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit's carrying value exceeds its fair value. The revised guidance will be applied prospectively, and is effective for calendar year-end SEC filers in 2020. Early adoption is permitted for any impairment tests performed after April 1, 2017. The new guidance is not expected to have a material impact on the Company's consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-03 which amended Accounting Changes and Error Corrections (Topic 250) to state that registrants should consider additional qualitative disclosures if the impact of an issued but not yet adopted ASU is unknown or cannot be reasonably estimated and to include a description of the effect of the accounting policies that the registrant expects to apply, if determined. Transition guidance included in certain issued but not yet adopted ASUs was also updated to reflect this amendment. In May, 2017, the FASB issued ASU No. 2017-09, “Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting,” clarifying when a change to the terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the fair value, vesting condition or the classification of the award is not the same immediately before and after a change to the terms and conditions of the award. The new guidance is effective for the Company on a prospective basis beginning on January 1, 2018, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

OTHER INTERESTS

OTHER INTERESTS	3 Months Ended
	Jun. 30, 2017
Noncontrolling Interest [Abstract]
Other Interests	OTHER INTERESTS Investment in CDF2 Holdings We indirectly own 100% of the common equity of CDF2 Holdings, LLC ("CDF2 Holdings"), which was created for the purpose of capitalizing on the conversion of the exhibition industry from film to digital technology. CDF2 Holdings assists its customers in procuring the equipment necessary to convert their Systems to digital technology by providing financing, equipment, installation and related ongoing services. CDF2 Holdings is a Variable Interest Entity (“VIE”), as defined in Accounting Standards Codification Topic 810 ("ASC 810"), “Consolidation." ASC 810 requires the consolidation of VIEs by an entity that has a controlling financial interest in the VIE which entity is thereby defined as the primary beneficiary of the VIE. To be a primary beneficiary, an entity must have the power to direct the activities of a VIE that most significantly impact the VIE's economic performance, among other factors. Although we indirectly, wholly own CDF2 Holdings, we, a third party that also has a variable interest in CDF2 Holdings, and an independent third party manager must mutually approve all business activities and transactions that significantly impact CDF2 Holdings' economic performance. We have therefore assessed our variable interests in CDF2 Holdings and determined that we are not the primary beneficiary of CDF2 Holdings. As a result, CDF2 Holdings' financial position and results of operations are not consolidated in our financial position and results of operations. In completing our assessment, we identified the activities that we consider most significant to the economic performance of CDF2 Holdings and determined that we do not have the power to direct those activities, and therefore we account for our investment in CDF2 Holdings under the equity method of accounting. As of June 30, 2017 and March 31, 2017 , our maximum exposure to loss, as it relates to the non-consolidated CDF2 Holdings entity, represents accounts receivable for service fees under a master service agreement with CDF2 Holdings. Such accounts receivable were $0.4 million as of June 30, 2017 and March 31, 2017 , which are included in accounts receivable, net on the accompanying Condensed Consolidated Balance Sheets. For the three months ended June 30, 2017 and 2016 , the accompanying Condensed Consolidated Statements of Operations includes $0.3 million of digital cinema servicing revenue from CDF2 Holdings. Total Stockholder's Deficit of CDF2 Holdings at June 30, 2017 and March 31, 2017 was $20.5 million and $18.7 million , respectively. We have no obligation to fund the operating loss or the stockholder's deficit beyond our initial investment of $2.0 million and, accordingly, our investment in CDF2 Holdings as of June 30, 2017 and March 31, 2017 is carried at $0 . Majority Interest in CONtv We own an 85% interest in CON TV, LLC, a worldwide digital network that creates original content, and sells and distributes on-demand digital content on the Internet and other consumer digital distribution platforms, such as gaming consoles, set-top boxes, handsets, and tablets.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES We calculate income tax expense based upon an annual effective tax rate forecast, including estimates and assumptions that could change during the year. For the three months ended June 30, 2017 and 2016, we recorded income tax expense of $0.2 million and $0.1 million , respectively, which represents state income taxes. No tax benefit has been recorded in relation to the pre-tax loss from operations for the three months ended June 30, 2017 and 2016, due to a full valuation allowance to offset any deferred tax asset related to net operating loss carry forwards and other items attributable to the loss. Our effective tax rate for the three months ended June 30, 2017 and 2016 was a negative 3.9% and 1.5% , respectively.

NOTES PAYABLE

NOTES PAYABLE	3 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
NOTES PAYABLE	ABLE Notes payable consisted of the following: June 30, 2017 March 31, 2017 (In thousands) Current Portion Long Term Portion Current Portion Long Term Portion Prospect Loan — 49,156 — 54,656 KBC Facilities 5,513 1,685 5,744 2,890 P2 Vendor Note 254 134 227 181 P2 Exhibitor Notes 87 — 85 22 Total non-recourse notes payable 5,854 50,975 6,056 57,749 Less: Unamortized debt issuance costs and debt discounts — (2,567 ) — (2,701 ) Total non-recourse notes payable, net of unamortized debt issuance costs and debt discounts $ 5,854 $ 48,408 $ 6,056 $ 55,048 5.5% Convertible Notes Due 2035 $ — $ 50,571 $ — $ 50,571 Second Secured Lien Notes — 9,260 — 9,165 Cinedigm Revolving Loans 19,599 — 19,599 — 2013 Notes — 5,000 — 5,000 Total recourse notes payable 19,599 64,831 19,599 64,736 Less: Unamortized debt issuance costs and debt discounts — (4,823 ) — (5,340 ) Total recourse notes payable, net of unamortized debt issuance costs and debt discounts $ 19,599 $ 60,008 $ 19,599 $ 59,396 Total notes payable, net of unamortized debt issuance costs $ 25,453 $ 108,416 $ 25,655 $ 114,444 Non-recourse debt is generally defined as debt whereby the lenders’ sole recourse with respect to defaults, is limited to the value of the asset, which is collateral for the debt. Certain of our subsidiaries are liable with respect to, and their assets serve as collateral for, certain indebtedness for which our assets and the assets of our other subsidiaries that are not parties to the transaction are generally not liable. We have referred to this indebtedness as "non-recourse debt" because the recourse of the lenders is limited to the assets of specific subsidiaries. Such indebtedness includes the Prospect Loan, the KBC Facilities, the 2013 Term Loans, the P2 Vendor Note and the P2 Exhibitor Notes. Prospect Loan In February 2013, our DC Holdings, AccessDM and Phase 2 DC subsidiaries entered into a term loan agreement (the “Prospect Loan”) with Prospect Capital Corporation (“Prospect”), pursuant to which DC Holdings borrowed $70.0 million . The Prospect Loan bears interest at LIBOR plus 9.0% (with a 2.0% LIBOR floor), which is payable in cash, and at an additional 2.50% to be accrued as an increase to the aggregate principal amount of the Prospect Loan until the 2013 Credit Agreement is paid off, at which time all accrued interest will be payable in cash. Collections of DC Holdings accounts receivable are deposited into accounts designated to pay certain operating expenses, principal, interest, fees, costs and expenses relating to the Prospect Loan. On a quarterly basis, if funds remain after the payment of all such amounts, they are applied to prepay the Prospect Loan. Amounts designated for these purposes, included in cash and cash equivalents on the Condensed Consolidated Balance Sheets, totaled $0.7 million and $1.7 million as of June 30, 2017 and March 31, 2017 , respectively. We also maintain a debt service fund under the Prospect Loan for future principal and interest payments. As of June 30, 2017 and March 31, 2017 , the debt service fund had a balance of $1.0 million , which is classified as part of restricted cash on our condensed consolidated balance sheets. The Prospect Loan matures on March 31, 2021 and may be accelerated upon a change in control (as defined in the agreement) or other events of default as set forth therein and would be subject to mandatory acceleration upon insolvency of DC Holdings. We are permitted to pay the full outstanding balance of the Prospect Loan at any time after the second anniversary of the initial borrowing, subject to the following prepayment penalties: • 5.0% of the principal amount prepaid between the second and third anniversaries of issuance; • 4.0% of the principal amount prepaid between the third and fourth anniversaries of issuance; • 3.0% of the principal amount prepaid between the fourth and fifth anniversaries of issuance; • 2.0% of the principal amount prepaid between the fifth and sixth anniversary of issuance; • 1.0% of the principal amount prepaid between the sixth and seventh anniversaries of issuance; and • No penalty if the balance of the Prospect Loan, including accrued interest, is prepaid thereafter. The Prospect Loan is primarily secured by a first priority pledge of the stock of DC Holdings, our wholly owned subsidiary, the stock of AccessDM, which is wholly owned by DC Holdings, the stock of Access Digital Cinema Phase II, Corp., our wholly owned subsidiary, and the stock of our Phase I DC subsidiaries, which are subsidiaries of AccessDM. The Prospect Loan is also guaranteed by each of those subsidiaries. The Prospect Loan contains customary representations, warranties, affirmative covenants, negative covenants and events of default. The following table summarizes the activity related to the Prospect Loan: (In thousands) June 30, 2017 March 31, 2017 Prospect Loan, at issuance $ 70,000 $ 70,000 PIK Interest 4,778 4,778 Payments to date (25,622 ) (20,122 ) Prospect Loan, net 49,156 54,656 Less current portion — — Total long term portion $ 49,156 $ 54,656 KBC Facilities In December 2008 we began entering into multiple credit facilities to fund the purchase of Systems to be installed in movie theatres as part of our Phase II Deployment. There were no borrowings under the KBC Facilities during the three months ended June 30, 2017 . The following table presents a summary of the KBC Facilities (dollar amounts in thousands): Outstanding Principal Balance Facility 1 Credit Facility Interest Rate 2 Maturity Date June 30, 2017 March 31, 2017 3 $ 22,336 3.75 % September 2018 $ 2,960 $ 3,758 5 11,425 3.75 % March 2019 2,856 3,264 6 6,450 3.75 % December 2018 1,382 1,612 $ 40,211 $ 7,198 $ 8,634 1. For each facility, principal is to be repaid in twenty-eight quarterly installments. 2. Each of the facilities bears interest at the three-month LIBOR rate, which was 1.00% at June 30, 2017 , plus the interest rate noted above. 5.5% Convertible Notes Due April 2035 On April 29, 2015, we issued $64.0 million aggregate principal amount of unsecured senior convertible notes payable (the "Convertible Notes") that bear interest at a rate of 5.5% per year, payable semiannually. The Convertible Notes mature on April 15, 2035, unless earlier repurchased, redeemed or converted and are convertible at the option of the holders at any time until the close of business on the business day immediately preceding the maturity date. Upon conversion, we will deliver to holders in respect of each $1,000 principal amount of Convertible Notes being converted a number of shares of our Class A Common Stock equal to the conversion rate, together with a cash payment in lieu of delivering any fractional share of Class A Common Stock. The conversion rate applicable to the Convertible Notes on the offering date was 82.4572 shares of Class A Common Stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $12.13 per share of Class A Common Stock), which is subject to adjustment if certain events occur. Holders of the Convertible Notes may require us to repurchase all or a portion of the Convertible Notes on April 20, 2020, April 20, 2025 and April 20, 2030 and upon the occurrence of certain fundamental changes at a repurchase price in cash equal to 100% of the principal amount of the Convertible Notes to be repurchased plus accrued and unpaid interest, if any. The Convertible Notes will be redeemable by us at our option on or after April 20, 2018 upon the satisfaction of a sale price condition with respect to our Class A Common Stock and on or after April 20, 2020 without regard to the sale price condition, in each case, at a redemption price in cash equal to 100% of the principal amount of the notes to be repurchased plus accrued and unpaid interest, if any. The net proceeds from the Convertible Note offering was $60.9 million , after deducting offering expenses. We used $18.6 million of the net proceeds from the offering to repay borrowings under and terminate one of our term loans under our 2013 Credit Agreement, of which $18.2 million was used to pay the remaining principal balance. Concurrently with the closing of the Convertible Notes transaction, we repurchased approximately 272,100 shares of our Class A common stock from certain purchasers of Convertible Notes in privately negotiated transactions for $2.7 million . In addition, $11.4 million of the net proceeds was used to fund the cost of repurchasing approximately 1,179,138 shares of our Class A common stock pursuant to the forward stock purchase agreement described in Note 6 - Stockholders' Deficit . We recorded interest expense of $0.7 million and $0.9 million for the three months ended June 30, 2017 and 2016, respectively, related to the Convertible Notes. In July 2017, $3,650,000 principal amount of Convertible Notes was retired in exchange for $1,462,000 principal amount of Second Secured Lien Loans and 1,215,326 shares of our Class A Common Stock. Cinedigm Credit Agreement An April 2015 amendment to the Cinedigm Revolving Loans extended the term of the Cinedigm Credit Agreement to March 31, 2018, provided for the release of the equity interests in the subsidiaries that we had previously pledged as collateral, changed the interest rate and replaced all financial covenants with a single debt service coverage ratio test commencing at June 30, 2016 and a $5.0 million minimum liquidity covenant. The Cinedigm Revolving Loans, as amended, bear interest at Base Rate (as defined in the amendment) plus 3% or LIBOR plus 4% , at our election, but in no event may the elected Base Rate or LIBOR rate be less than 1% . We are permitted to repay the Cinedigm Revolving Loans, at our option, in whole or in part. In May 2016, we entered into an agreement with Société Générale (as Administrative Agent), which amended certain terms of the Cinedigm Credit Agreement (the “May 2016 Amendment”) primarily to increase the Company’s cash available for operations. The May 2016 Amendment also reduced the maximum principal amount available under the Cinedigm Credit Agreement from $30.0 million to $22.0 million . In July 2016, we entered into an amendment to the Cinedigm Credit Agreement, which, among other things, lowered the minimum liquidity requirement to $0.8 million up to June 30, 2017 and all times after at least $5.0 million in minimum liquidity. On August 10, we received a waiver to keep the minimum liquidity at $0.8 million through October 13, 2017 and at all times after October 13, 2017, we must maintain at least $5.0 million minimum liquidity. In addition, certain of our subsidiaries that are guarantors to the Cinedigm Credit Agreement entered into a Guaranty Supplement, pursuant to which certain of the subsidiaries guaranteed the Company’s obligations under the Cinedigm Credit Agreement and the subsidiaries pledged substantially all of their assets to secure such obligations. In addition, pursuant to the July 2016 amendment, (i) the Eurodollar rate loans were changed to Base plus 4.5% and base plus 3.5% for Base rate loans, (ii) the requirement for the debt service reserve account was eliminated, and (iii) the maximum principal amount available to borrow was reduced from $22.0 million to $19.8 million . See Note - 10 - Subsequent Event for modification of this amount. As of June 30, 2017, $0.2 million in additional borrowings were available under the Cinedigm Revolving Loans. In connection with the Cinedigm Revolving Loans, we maintained a debt service reserve account in restricted cash for certain scheduled interest and principal payments due on the Cinedigm Revolving Loans and Convertible Notes as of March 31, 2016 of $2.2 million . As a result of the July 2016 amendment to the Cinedigm Credit Agreement, no such reserve amount was required to be maintained as of March 31, 2017 . On August 10, 2017, we obtained a waiver on a covenant under the Cinedigm Credit Agreement an Second Secured Lien Notes for the quarter ended June 30, 2017. 2013 Notes In October 2013, we entered into securities purchase agreements with certain investors, pursuant to which we sold notes in the aggregate principal amount of $5.0 million (the “2013 Notes”) and warrants to purchase an aggregate of 150,000 shares of Class A Common Stock (the “2013 Warrants”) to such investors. We allocated a fair value of $1.6 million to the 2013 Warrants, which was recorded as a discount to the 2013 Notes and is being amortized through the maturity of the 2013 Notes as interest expense. The principal amount outstanding under the 2013 Notes is due on October 21, 2018. The 2013 Notes bear interest at 9.0% per annum, payable in quarterly installments over the term of the 2013 Notes. The 2013 Notes may be redeemed at any time, subject to certain premiums. Zvi Rhine, a member of our Board of Directors, is a holder of $0.5 million of the 2013 Notes as of June 30, 2017 and March 31, 2017.

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	3 Months Ended
	Jun. 30, 2017
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ DEFICIT COMMON STOCK During the three months ended June 30, 2017 , we issued 570,069 shares of Class A Common Stock in connection with payment of preferred stock dividends and a settlement of an obligation to a content provider. See Note - 8 Supplemental Cash Flow Disclosure. PREFERRED STOCK Cumulative dividends in arrears on preferred stock at June 30, 2017 were $0.2 million . In August 2017, we paid the preferred stock dividends in arrears in the form of 45,766 shares of Class A Common Stock. CINEDIGM’S EQUITY INCENTIVE PLAN Stock Based Compensation Awards Awards issued under our equity incentive plan (the "Plan") may be in any of the following forms (or a combination thereof) (i) stock option awards; (ii) stock appreciation rights; (iii) stock or restricted stock or restricted stock units; or (iv) performance awards. The Plan provides for the granting of incentive stock options (“ISOs”) with exercise prices not less than the fair market value of our Class A Common Stock on the date of grant. ISOs granted to shareholders having more than 10% of the total combined voting power of the Company must have exercise prices of at least 110% of the fair market value of our Class A Common Stock on the date of grant. ISOs and non-statutory stock options granted under the Plan are subject to vesting provisions, and exercise is subject to the continuous service of the participant. The exercise prices and vesting periods (if any) for non-statutory options are set at the discretion of our compensation committee. Upon a change of control of the Company, all stock options (incentive and non-statutory) that have not previously vested will vest immediately and become fully exercisable. In connection with the grants of stock options under the Plan, we and the participants have executed stock option agreements setting forth the terms of the grants. The Plan, which was amended at the Company's Annual Meeting on September 27, 2016, provides for the issuance of up to 2,380,000 shares of Class A Common Stock to employees, outside directors and consultants. Prior to the amendment at the Company's Annual Meeting, the plan allowed for the issuance of 1,430,000 shares. The following table summarizes the activity of the Plan related to shares issuable pursuant to outstanding options: Shares Under Option Weighted Average Exercise Price Per Share Balance at March 31, 2017 345,615 $ 16.50 Granted — — Exercised — — Canceled/forfeited (5,100 ) 49.03 Balance at June 30, 2017 340,515 $ 15.73 The weighted average remaining contractual life for stock options outstanding as of June 30, 2017 was 5.85 years. OPTIONS GRANTED OUTSIDE CINEDIGM’S EQUITY INCENTIVE PLAN In October 2013, we issued options outside of the Plan to 10 individuals that became employees as a result of a business combination. The employees received options to purchase an aggregate of 62,000 shares of our Class A Common Stock at an exercise price of $17.5 per share. The options vest and become exercisable in 25% increments over four years from their grant dates and expire 10 years from the date of grant, if unexercised. As of June 30, 2017 , there were 31,875 unvested options outstanding. In December 2010, we issued options to purchase 450,000 shares of Class A Common Stock outside of the Plan as part of our Chief Executive Officer's initial employment agreement with the Company. Such options have exercise prices per share between $15.00 and $50.00 , all of which were vested as of December 2013 and will expire in December 2020. As of June 30, 2017 , all such options remained outstanding. WARRANTS The following table presents information about outstanding warrants to purchase shares of our Class A Common Stock as of June 30, 2017 . All of the outstanding warrants are fully vested and exercisable. Recipient Amount outstanding Expiration Exercise price per share Strategic management service provider 52,500 July 2021 $17.20 - $30.00 Warrants issued to creditors in connection with the 2013 Notes (the "2013 Warrants") 125,063 October 2018 $18.50 Warrants issued to Ronald L. Chez in connection with the Second Secured Lien Notes 200,000 July 2023 $1.34 - $1.68 Warrants issued in connection with Convertible Notes exchange transaction 200,000 December 2021 $1.60 Outstanding warrants held by the strategic management service provider were issued in connection with a consulting management services agreement ("MSA"). The warrants may be terminated with 90 days' notice in the event of termination of the MSA. The 2013 Warrants and related 2013 Notes are subject to certain transfer restrictions. The warrants issued in connection with the Second Secured Lien Notes to Ronald L. Chez, at the time a member of Board of Directors, contain a cashless exercise provision and customary anti-dilution rights. Warrants to purchase Class A Common Stock issued in connection with the Convertible Notes exchange transaction were issued on December 22, 2016, become exercisable six months after issuance and contain customary anti-dilution provisions. The value of the warrants issued in connection with the Exchange Agreement was $0.2 million , determined by using the Black-Scholes Option Pricing Model, assuming a 5 -year life, a risk free rate interest of 2.0% and an expected volatility of 76.4% .

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES LEASES On April 10, 2017 we entered into lease agreements for new office space in New York City, which coincides with the termination of our previous New York City office lease. The new agreements commenced on July 1, 2017 and initially require minimum lease payments of $33 with customary escalation clauses over the course of the contract which terminates in April 2021. Our capital lease obligations are primarily related to computer equipment. We also operate from leased properties under non-cancelable operating lease agreements, certain of which contain escalating lease clauses.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	3 Months Ended
	Jun. 30, 2017
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW DISCLOSURE	SUPPLEMENTAL CASH FLOW INFORMATION June 30, 2017 (in thousands) 2017 2016 Cash interest paid $ 3,449 $ 5,060 Accrued dividends on preferred stock 89 89 Issuance of Class A Common Stock for payment of preferred stock dividends 89 89 Issuance of Class A Common Stock for settlement of an obligation 867 —

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION We operate in four reportable segments: Phase I Deployment, Phase II Deployment, Services and Content & Entertainment or CEG. Our segments were determined based on the economic characteristics of our products and services, our internal organizational structure, the manner in which our operations are managed and the criteria used by our Chief Operating Decision Maker to evaluate performance, which is generally the segment’s income (loss) from continuing operations before interest, taxes, depreciation and amortization. Certain C orporate assets, liabilities and operating expenses are not allocated to our reportable segments. Operations of: Products and services provided: Phase I Deployment Financing vehicles and administrators for 3,724 Systems installed nationwide in Phase 1 DC's deployment to theatrical exhibitors. We retain ownership of the Systems and the residual cash flows related to the Systems after the repayment of all non-recourse debt at the expiration of exhibitor, master license agreements. As of June 30, 2017, we are no longer earning a significant portion of VPF revenues from certain major studios on 2,837 of such systems. Phase II Deployment Financing vehicles and administrators for our 8,904 Systems installed domestically and internationally, for which we retain no ownership of the residual cash flows and digital cinema equipment after the completion of cost recoupment and at the expiration of the exhibitor master license agreements. Services Provides monitoring, collection, verification and other management services to our Phase I Deployment, Phase II Deployment, CDF2 Holdings, as well as to exhibitors who purchase their own equipment. Services also collects and disburses VPFs from motion picture studios, distributors and ACFs from alternative content providers, movie exhibitors and theatrical exhibitors. Content & Entertainment Leading distributor of independent content, and collaborates with producers and other content owners to market, source, curate and distribute independent content to targeted and profitable audiences in theatres and homes, and via mobile and emerging platforms. The following tables present certain financial information related to our reportable segments and Corporate: As of June 30, 2017 (In thousands) Intangible Assets, net Goodwill Total Assets Notes Payable, Non-Recourse Notes Payable Capital Leases Phase I Deployment $ 149 $ — $ 11,147 $ 46,589 $ — $ — Phase II Deployment — — 45,523 7,673 — — Services — — 1,050 — — — Content & Entertainment 18,675 8,701 63,241 — — 2 Corporate 9 — 7,249 — 79,607 34 Total $ 18,833 $ 8,701 $ 128,210 $ 54,262 $ 79,607 $ 36 March 31, 2017 (In thousands) Intangible Assets, net Goodwill Total Assets Notes Payable, Non-Recourse Notes Payable Capital Leases Phase I Deployment $ 160 $ — $ 15,118 $ 51,955 $ — $ — Phase II Deployment — — 48,461 9,149 — — Services — — 1,052 — — — Content & Entertainment 20,057 8,701 79,911 — — 8 Corporate 10 — 6,792 — 78,995 58 Total $ 20,227 $ 8,701 $ 151,334 $ 61,104 $ 78,995 $ 66 Statements of Operations For the Three Months Ended June 30, 2017 (Unaudited, in thousands) Phase I Phase II Services Content & Entertainment Corporate Consolidated Revenues $ 4,331 $ 3,061 $ 2,396 $ 5,452 $ — $ 15,240 Direct operating (exclusive of depreciation and amortization shown below) 288 111 — 3,667 — 4,066 Selling, general and administrative 100 79 263 3,981 1,895 6,318 Allocation of Corporate overhead — — 390 829 (1,219 ) — Depreciation and amortization of property and equipment 2,320 1,881 — 69 87 4,357 Amortization of intangible assets 11 — — 1,382 2 1,395 Total operating expenses 2,719 2,071 653 9,928 765 16,136 Income (loss) from operations $ 1,612 $ 990 $ 1,743 $ (4,476 ) $ (765 ) $ (896 ) The following employee and director stock-based compensation expense related to the Company’s stock-based awards is included in the above amounts as follows: Phase I Phase II Services Content & Entertainment Corporate Consolidated Direct operating $ — $ — $ — $ — $ — $ — Selling, general and administrative — — — — 317 317 Total stock-based compensation $ — $ — $ — $ — $ 317 $ 317 Statements of Operations For the Three Months Ended June 30, 2016 (Unaudited, in thousands) Phase I Phase II Services Content & Entertainment Corporate Consolidated Revenues $ 9,164 $ 3,180 $ 3,295 $ 6,836 $ — $ 22,475 Direct operating (exclusive of depreciation and amortization shown below) 223 53 1 5,414 — 5,691 Selling, general and administrative 133 59 231 4,101 1,908 6,432 Allocation of Corporate overhead — — 397 896 (1,293 ) — Restructuring, transition and acquisition expenses, net — — — 90 — 90 Depreciation and amortization of property and equipment 6,391 1,881 — 68 184 8,524 Amortization of intangible assets 11 — — 1,450 2 1,463 Total operating expenses 6,758 1,993 629 12,019 801 22,200 Income (loss) from operations $ 2,406 $ 1,187 $ 2,666 $ (5,183 ) $ (801 ) $ 275 The following employee and director stock-based compensation expense related to the Company’s stock-based awards is included in the above amounts as follows: Phase I Phase II Services Content & Entertainment Corporate Consolidated Direct operating $ — $ — $ 1 $ 2 $ — $ 3 Selling, general and administrative — — — 46 229 275 Total stock-based compensation $ — $ — $ 1 $ 48 $ 229 $ 278

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On July 10, 2017, the Company entered into two Exchange Agreements (the "Exchanges") with certain beneficial owners of our Convertible Notes representing in the aggregate approximately 99% , or approximately $50 million , of the outstanding principal amount of the Company's outstanding 5.5% Convertible Notes, due 2035, pursuant to the agreements, the holders thereof will exchange their outstanding Convertible Notes for a combination of cash, shares of our Class A Common Stock and Second Lien Notes. The Exchanges are expected to occur over time and be completed concurrently with the closing of the sale of Class A Common Stock to the strategic partner pursuant to the Stock Purchase Agreement signed on June 29, 2017. In July 2017, $3,650,000 principal amount of Convertible Notes were retired in exchange for $1,462,000 of Second Secured Lien Notes and 1,215,326 shares of our Class A Common Stock. In connection with the sale of the Convertible Notes in April 2015, the Company and Société Générale (the “Forward Counterparty”) entered into a forward purchase contract, pursuant to which the Company purchased 1,179,138 shares of Class A Common Stock from the Forward Counterparty for settlement on or about the fifth anniversary of the issuance of the Convertible Notes. The Forward Counterparty, in accordance with its option to settle the shares, in whole or in part, at any time prior to the final settlement date, settled 75,000 shares on July 14, 2017 and 250,000 shares on July 31, 2017. On August 10, 2017, the maximum principal amount available under the Cinedigm Credit Agreement was reduced to $17.1 million from $19.8 million .

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND CONSOLIDATION	BASIS OF PRESENTATION AND CONSOLIDATION The accompanying Condensed Consolidated Financial Statements are unaudited and include the accounts of the Company, its wholly owned and majority owned subsidiaries, and reflect all normal and recurring adjustments necessary for the fair presentation of its consolidated financial position, results of operations and cash flows. All material inter-company accounts and transactions have been eliminated in consolidation. Investments in which we do not have a controlling interest or are not the primary beneficiary but have the ability to exert significant influence, are accounted for under the equity method of accounting. Noncontrolling interests for which we have been determined to be the primary beneficiary are consolidated and recorded as net loss attributable to noncontrolling interest. See Note 3 - Other Interests to the Condensed Consolidated Financial Statements for a discussion of our noncontrolling and majority interests.
USE OF ESTIMATES	USE OF ESTIMATES The preparation of these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires us to make estimates and assumptions that affect the amounts reported in these Condensed Consolidated Financial Statements and accompanying notes. As permitted under GAAP, interim accounting for certain expenses, such as the adequacy of accounts receivable reserves, return reserves, inventory reserves, recovery of advances, assessment of goodwill and intangible asset impairment and valuation reserve for income taxes, are based on full year assumptions when appropriate. Actual results could differ materially from those estimates. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"), although we believe that the disclosures are adequate to make the information presented not misleading. The results of operations for the respective interim periods are not necessarily indicative of the results expected for the full year. These Condensed Consolidated Financial Statements and accompanying notes should be read in conjunction with our annual consolidated financial statements and the notes thereto, included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2017 .
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS We consider all highly liquid investments with an original maturity of three months or less to be "cash equivalents." We maintain bank accounts with major banks, which from time to time may exceed the Federal Deposit Insurance Corporation’s insured limits. We periodically assess the financial condition of the institutions and believe that the risk of any loss is minimal.
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE We maintain reserves for potential credit losses on accounts receivable. We review the composition of accounts receivable and analyze historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. Reserves are recorded primarily on a specific identification basis. Our Content & Entertainment segment recognizes accounts receivable, net of an estimated allowance for product returns and customer chargebacks, at the time that it recognizes revenue from a sale. We base the amount of the returns allowance and customer chargebacks upon historical experience and future expectations. We record accounts receivable, long-term in connection with activation fees that we earn from Systems deployments that have extended payment terms. Such accounts receivable are discounted to their present value at prevailing market rates.
ADVANCES	ADVANCES Advances, which are recorded within prepaid and other current assets within the consolidated balance sheets, represent amounts prepaid to studios or content producers for which we provide content distribution services. We evaluate advances regularly for recoverability and record impairment charges for amounts that we expect may not be recoverable as of the consolidated balance sheet date.
INVENTORY	INVENTORY Inventory consists of finished goods inventory of Company owned DVD and Blu-ray Disc titles and is stated at the lower of cost (determined based on weighted average cost) or market. We identify inventory items to be written down for obsolescence based on their sales status and condition. We write down discontinued or slow moving inventories based on an estimate of the markdown to retail price needed to sell through our current stock level of the inventories.
RESTRICTED CASH	RESTRICTED CASH Our Prospect Loan requires that we maintain specified cash balances that are restricted to repayment of interest thereunder. See Note 5 - Notes Payable for information about our restricted cash balances.
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation expense is recorded using the straight-line method over the estimated useful lives of the respective assets as follows: Computer equipment and software 3 - 5 years Digital cinema projection systems 10 years Machinery and equipment 3 - 10 years Furniture and fixtures 3 - 6 years Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the leasehold improvements. Repair and maintenance costs are charged to expense as incurred. Major renewals, improvements and additions are capitalized. Upon the sale or other disposition of any property and equipment, the cost and related accumulated depreciation and amortization are removed from the accounts and the gain or loss on disposal is included in the condensed consolidated statements of operations.
ACCOUNTING FOR DERIVATIVE ACTIVITIES	ACCOUNTING FOR DERIVATIVE ACTIVITIES Derivative financial instruments are recorded at fair value. Changes in the fair value of derivative financial instruments are either recognized in accumulated other comprehensive loss (a component of stockholders' deficit) or in the consolidated statements of operations depending on whether the derivative qualifies for hedge accounting. We entered into an interest rate cap transaction to limit our exposure to interest rates on the Prospect Loan, which matures March 31, 2018. We have not sought hedge accounting treatment for the interest rate cap and therefore, changes in its value are recorded in the consolidated statements of operations.
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The fair value measurement disclosures are grouped into three levels based on valuation factors: • Level 1 – quoted prices in active markets for identical investments • Level 2 – other significant observable inputs (including quoted prices for similar investments and market corroborated inputs) • Level 3 – significant unobservable inputs (including our own assumptions in determining the fair value of investments) Assets and liabilities measured at fair value on a recurring basis use the market approach, where prices and other relevant information are generated by market transactions involving identical or comparable assets or liabilities. The following tables summarize the levels of fair value measurements of our financial assets and liabilities as of June 30, 2017 and March 31, 2017 : (in thousands) Level 1 Level 2 Level 3 Total Restricted cash $ 1,000 $ — $ — $ 1,000 Our cash and cash equivalents, accounts receivable, unbilled revenue and accounts payable and accrued expenses are financial instruments and are recorded at cost in the Condensed Consolidated Balance Sheets. The estimated fair values of these financial instruments approximate their carrying amounts because of their short-term nature. At June 30, 2017 and March 31, 2017 , the estimated fair value of our fixed rate debt approximated its carrying amounts. We estimated the fair value of debt based upon current interest rates available to us at the respective balance sheet dates for arrangements with similar terms and conditions. Based on borrowing rates currently available to us for loans with similar terms, the carrying value of notes payable and capital lease obligations approximates fair value.
IMPAIRMENT OF LONG-LIVED AND FINITE-LIVED ASSETS	IMPAIRMENT OF LONG-LIVED AND FINITE-LIVED ASSETS We review the recoverability of our long-lived assets and finite-lived intangible assets, when events or conditions occur that indicate a possible impairment exists. The assessment for recoverability is based primarily on our ability to recover the carrying value of our long-lived and finite-lived assets from expected future undiscounted net cash flows. If the total of expected future undiscounted net cash flows is less than the total carrying value of the asset, the asset is deemed not to be recoverable and possibly impaired. We then estimate the fair value of the asset to determine whether an impairment loss should be recognized. An impairment loss will be recognized if the asset's fair value is determined to be less than its carrying value. Fair value is determined by computing the expected future discounted cash flows.
GOODWILL AND INDEFINITE-LIVED INTANGIBLE ASSETS	GOODWILL Goodwill is the excess of the purchase price paid over the fair value of the net assets of an acquired business. Goodwill is tested for impairment on an annual basis at the end of the fourth quarter of each fiscal year, or more often if warranted by events or changes in circumstances indicating that the carrying value of a reporting unit may exceed fair value, also known as impairment indicators. Our process of evaluating goodwill for impairment involves the determination of fair value of goodwill compared to its carrying value. Our only reporting unit with goodwill is our Content & Entertainment reporting unit. Inherent in the fair value determination for each reporting unit are certain judgments and estimates relating to future cash flows, including management’s interpretation of current economic indicators and market conditions, and assumptions about our strategic plans with regard to its operations. To the extent additional information arises, market conditions change or our strategies change, it is possible that the conclusion regarding whether our remaining goodwill is impaired could change and result in future goodwill impairment charges that will have a material effect on our consolidated financial position or results of operations.
PARTICIPATIONS AND ROYALTIES PAYABLE	PARTICIPATIONS AND ROYALTIES PAYABLE When we use third parties to distribute company-owned content, we record participations payable, which represent amounts owed to the distributor under revenue-sharing arrangements. When we provide content distribution services, we record accounts payable and accrued expenses to studios or content producers for royalties owed under licensing arrangements. We identify and record as a reduction to the liability any expenses that are to be reimbursed to us by such studios or content producers.
DEBT ISSUANCE COSTS	DEBT ISSUANCE COSTS We incur debt issuance costs in connection with long-term debt financings. Such costs are recorded as a direct deduction to notes payable and amortized over the terms of the respective debt obligations using the effective interest rate method. Debt issuance costs recorded in connection with revolving debt arrangements are presented as other assets on the Consolidated Balance Sheets and are amortized over the term of the revolving debt agreements using the effective interest rate method.
REVENUE RECOGNITION	REVENUE RECOGNITION Phase I Deployment and Phase II Deployment Virtual print fees (“VPFs”) are earned, net of administrative fees, pursuant to contracts with movie studios and distributors, whereby amounts are payable by a studio to Phase 1 DC, CDF I and to Phase 2 DC when movies distributed by the studio are displayed on screens utilizing our Systems installed in movie theatres. VPFs are earned and payable to Phase 1 DC and CDF I based on a defined fee schedule with a reduced VPF rate year over year until the sixth year (calendar year 2011) at which point the VPF rate remains unchanged through the tenth year until the VPFs phase out. One VPF is payable for every digital title initially displayed per System. The amount of VPF revenue is dependent on the number of movie titles released and displayed using the Systems in any given accounting period. VPF revenue is recognized in the period in which the digital title first plays on a System for general audience viewing in a digitally equipped movie theatre, as Phase 1 DC’s, CDF I's and Phase 2 DC’s performance obligations have been substantially met at that time. Phase 2 DC’s agreements with distributors require the payment of VPFs, according to a defined fee schedule, for ten years from the date each system is installed; however, Phase 2 DC may no longer collect VPFs once “cost recoupment,” as defined in the contracts with movie studios and distributors, is achieved. Cost recoupment will occur once the cumulative VPFs and other cash receipts collected by Phase 2 DC have equaled the total of all cash outflows, including the purchase price of all Systems, all financing costs, all “overhead and ongoing costs”, as defined, and including service fees, subject to maximum agreed upon amounts during the three-year rollout period and thereafter. Further, if cost recoupment occurs before the end of the eighth contract year, the studios will pay us a one-time “cost recoupment bonus.” Any other cash flows, net of expenses, received by Phase 2 DC following the achievement of cost recoupment are required to be returned to the distributors on a pro-rata basis. At this time, we cannot estimate the timing or probability of the achievement of cost recoupment. Beginning in December 2018, certain Phase 2 DC Systems will have reached the conclusion of their deployment payment period, subject to earlier achievement of cost recoupment. In accordance with existing agreements with distributors, VPF revenues will cease to be recognized on such Systems. Because the Phase II deployment installation period ended in December 2012, a majority of the VPF revenue associated with the Phase II systems will end by December 2022 or earlier if cost recoupment is achieved. Alternative content fees (“ACFs”) are earned pursuant to contracts with movie exhibitors, whereby amounts are payable to Phase 1 DC, CDF I and to Phase 2 DC, generally either a fixed amount or as a percentage of the applicable box office revenue derived from the exhibitor’s showing of content other than feature movies, such as concerts and sporting events (typically referred to as “alternative content”). ACF revenue is recognized in the period in which the alternative content first opens for audience viewing. Revenues earned in connection with up front exhibitor contributions are deferred and recognized over the expected cost recoupment period. Services Exhibitors who purchased and own Systems using their own financing in the Phase II Deployment paid us an upfront activation fee of approximately $2.0 thousand per screen (the “Exhibitor-Buyer Structure”). Upfront activation fees were recognized in the period in which these Systems were delivered and ready for content, as we had no further obligations to the customer after that time and collection was reasonably assured. In addition, we recognize activation fee revenue of between $1.0 thousand and $2.0 thousand on Phase 2 DC Systems and for Systems installed by CDF2 Holdings, a related party, (See Note 3 - Other Interests ) upon installation and such fees are generally collected upfront upon installation. Our services segment manages and collects VPFs on behalf of exhibitors, for which it earns an administrative fee equal to 10% of the VPFs collected. Our Services segment earns an administrative fee of approximately 5% of VPFs collected and, in addition, earns an incentive service fee equal to 2.5% of the VPFs earned by Phase 1 DC. This administrative fee is recognized in the period in which the billing of VPFs occurs, as performance obligations have been substantially met at that time. Content & Entertainment CEG earns fees for the distribution of content in the home entertainment markets via several distribution channels, including digital, VOD, and physical goods (e.g., DVD and Blu-ray Discs). Fees earned are typically based on the gross amounts billed to our customers less the amounts owed to the media studios or content producers under distribution agreements, and gross media sales of owned or licensed content. Depending upon the nature of the agreements with the platform and content providers, the fee rate that we earn varies. Generally, revenues are recognized when content is available for subscription on the digital platform, at the time of shipment for physical goods, or point-of-sale for transactional and VOD services. Reserves for sales returns and other allowances are recorded based upon historical experience. If actual future returns and allowances differ from past experience, adjustments to our allowances may be required. Sales returns and allowances are reported as a reduction of revenues. CEG also has contracts for the theatrical distribution of third party feature movies and alternative content. CEG’s distribution fee revenue and CEG's participation in box office receipts is recognized at the time a feature movie and alternative content are viewed. CEG has the right to receive or bill a portion of the theatrical distribution fee in advance of the exhibition date, and therefore such amount is recorded as a receivable at the time of execution, and all related distribution revenue is deferred until the third party feature movies’ or alternative content’s theatrical release date. Revenue is deferred in cases where a portion or the entire contract amount cannot be recognized as revenue due to non-delivery of services. Such amounts are classified as deferred revenue and are recognized as earned revenue in accordance with our revenue recognition policies described above.
DIRECT OPERATING COSTS	DIRECT OPERATING COSTS Direct operating costs primarily consist of operating costs such as cost of goods sold, fulfillment expenses, property taxes and insurance on systems, shipping costs, royalty expenses, impairments of advances, participation expenses, marketing and direct personnel costs.
INCOME TAXES	INCOME TAXES The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to operating loss and tax credit carryforwards and for differences between the carrying amounts of existing assets and liabilities and their respective tax bases. Valuation allowances are established when management is unable to conclude that it is more likely than not that some portion, or all, of the deferred tax asset will ultimately be realized. The Company is primarily subject to income taxes in the United States.
NET LOSS PER SHARE	NET LOSS PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS Basic and diluted net loss per common share has been calculated as follows: Basic and diluted net loss per common share attributable to common stockholders = Net loss attributable to common stockholders Weighted average number of common stock outstanding during the period Stock issued and treasury stock repurchased during the period are weighted for the portion of the period that they are outstanding. The shares to be repurchased in connection with the forward stock purchase transaction discussed in Note 5 - Notes Payable are considered repurchased for the purposes of calculating earnings per share and therefore the calculation of weighted average shares outstanding for the three months ended June 30, 2017 and 2016, excludes 1.2 million shares that will be repurchased as a result of the forward stock purchase transaction.
RECENT ACCOUNTING PRONOUNCEMENTS	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (“FASB”) issued new accounting guidance on revenue recognition. The new standard, issued Accounting Standards Update ("ASU") as ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”, provides for a single five-step model to be applied to all revenue contracts with customers as well as requires additional financial statement disclosures that will enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows relating to customer contracts. During 2016, the FASB issued several accounting updates (ASU No. 2016-08, 2016-10 and 2016-12) to clarify implementation guidance and correct unintended application of the guidance. Companies have an option to use either a retrospective approach or cumulative effect adjustment approach to implement the standard. The guidance will be effective during our fiscal year ending March 31, 2019 with early adoption permitted. We are still evaluating the impact of the adoption of this accounting standard update on our consolidated financial statements. On January 5, 2017, the FASB issued ASU No. 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business,” which provides additional guidance on evaluating whether transactions should be accounted for as acquisitions of assets or businesses. The guidance requires an entity to evaluate if substantially all the fair value of the assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If this threshold is met, the new guidance would define this as an asset acquisition; otherwise, the entity then evaluates whether the asset meets the requirement that a business include, at a minimum, an input and substantive process that together significantly contribute to the ability to create outputs. The guidance is effective for the Company on a prospective basis beginning on January 1, 2018, with early adoption permitted. This new guidance is not expected to have a material impact on the Company’s Consolidated Financial Statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, the new guidance eliminates the need to determine the fair value of individual assets and liabilities of a reporting unit to measure a goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit's carrying value exceeds its fair value. The revised guidance will be applied prospectively, and is effective for calendar year-end SEC filers in 2020. Early adoption is permitted for any impairment tests performed after April 1, 2017. The new guidance is not expected to have a material impact on the Company's consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-03 which amended Accounting Changes and Error Corrections (Topic 250) to state that registrants should consider additional qualitative disclosures if the impact of an issued but not yet adopted ASU is unknown or cannot be reasonably estimated and to include a description of the effect of the accounting policies that the registrant expects to apply, if determined. Transition guidance included in certain issued but not yet adopted ASUs was also updated to reflect this amendment. In May, 2017, the FASB issued ASU No. 2017-09, “Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting,” clarifying when a change to the terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the fair value, vesting condition or the classification of the award is not the same immediately before and after a change to the terms and conditions of the award. The new guidance is effective for the Company on a prospective basis beginning on January 1, 2018, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Estimated useful lives of Property and equipment	Depreciation expense is recorded using the straight-line method over the estimated useful lives of the respective assets as follows: Computer equipment and software 3 - 5 years Digital cinema projection systems 10 years Machinery and equipment 3 - 10 years Furniture and fixtures 3 - 6 years
Fair Value Measurements of financial assets	The following tables summarize the levels of fair value measurements of our financial assets and liabilities as of June 30, 2017 and March 31, 2017 : (in thousands) Level 1 Level 2 Level 3 Total Restricted cash $ 1,000 $ — $ — $ 1,000
Employee stock-based compensation expense related to stock-based awards	Employee and director stock-based compensation expense related to our stock-based awards was as follows: For the Three Months Ended June 30, (In thousands) 2017 2016 Direct operating $ — $ 3 Selling, general and administrative 317 275 $ 317 $ 278

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	3 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of Notes Payable	Notes payable consisted of the following: June 30, 2017 March 31, 2017 (In thousands) Current Portion Long Term Portion Current Portion Long Term Portion Prospect Loan — 49,156 — 54,656 KBC Facilities 5,513 1,685 5,744 2,890 P2 Vendor Note 254 134 227 181 P2 Exhibitor Notes 87 — 85 22 Total non-recourse notes payable 5,854 50,975 6,056 57,749 Less: Unamortized debt issuance costs and debt discounts — (2,567 ) — (2,701 ) Total non-recourse notes payable, net of unamortized debt issuance costs and debt discounts $ 5,854 $ 48,408 $ 6,056 $ 55,048 5.5% Convertible Notes Due 2035 $ — $ 50,571 $ — $ 50,571 Second Secured Lien Notes — 9,260 — 9,165 Cinedigm Revolving Loans 19,599 — 19,599 — 2013 Notes — 5,000 — 5,000 Total recourse notes payable 19,599 64,831 19,599 64,736 Less: Unamortized debt issuance costs and debt discounts — (4,823 ) — (5,340 ) Total recourse notes payable, net of unamortized debt issuance costs and debt discounts $ 19,599 $ 60,008 $ 19,599 $ 59,396 Total notes payable, net of unamortized debt issuance costs $ 25,453 $ 108,416 $ 25,655 $ 114,444
Schedule of Debt Outstanding	The following table summarizes the activity related to the Prospect Loan: (In thousands) June 30, 2017 March 31, 2017 Prospect Loan, at issuance $ 70,000 $ 70,000 PIK Interest 4,778 4,778 Payments to date (25,622 ) (20,122 ) Prospect Loan, net 49,156 54,656 Less current portion — — Total long term portion $ 49,156 $ 54,656
Schedule of Credit Facilities	The following table presents a summary of the KBC Facilities (dollar amounts in thousands): Outstanding Principal Balance Facility 1 Credit Facility Interest Rate 2 Maturity Date June 30, 2017 March 31, 2017 3 $ 22,336 3.75 % September 2018 $ 2,960 $ 3,758 5 11,425 3.75 % March 2019 2,856 3,264 6 6,450 3.75 % December 2018 1,382 1,612 $ 40,211 $ 7,198 $ 8,634 1. For each facility, principal is to be repaid in twenty-eight quarterly installments. 2. Each of the facilities bears interest at the three-month LIBOR rate, which was 1.00% at June 30, 2017 , plus the interest rate noted above.

STOCKHOLDERS' DEFICIT (Tables)

STOCKHOLDERS' DEFICIT (Tables)	3 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Schedule of Outstanding Stock Options	The following table summarizes the activity of the Plan related to shares issuable pursuant to outstanding options: Shares Under Option Weighted Average Exercise Price Per Share Balance at March 31, 2017 345,615 $ 16.50 Granted — — Exercised — — Canceled/forfeited (5,100 ) 49.03 Balance at June 30, 2017 340,515 $ 15.73
Schedule of Warrants	The following table presents information about outstanding warrants to purchase shares of our Class A Common Stock as of June 30, 2017 . All of the outstanding warrants are fully vested and exercisable. Recipient Amount outstanding Expiration Exercise price per share Strategic management service provider 52,500 July 2021 $17.20 - $30.00 Warrants issued to creditors in connection with the 2013 Notes (the "2013 Warrants") 125,063 October 2018 $18.50 Warrants issued to Ronald L. Chez in connection with the Second Secured Lien Notes 200,000 July 2023 $1.34 - $1.68 Warrants issued in connection with Convertible Notes exchange transaction 200,000 December 2021 $1.60

SUPPLEMENTAL CASH FLOW INFORM21

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flows	June 30, 2017 (in thousands) 2017 2016 Cash interest paid $ 3,449 $ 5,060 Accrued dividends on preferred stock 89 89 Issuance of Class A Common Stock for payment of preferred stock dividends 89 89 Issuance of Class A Common Stock for settlement of an obligation 867 —

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting, Assets and Debt	The following tables present certain financial information related to our reportable segments and Corporate: As of June 30, 2017 (In thousands) Intangible Assets, net Goodwill Total Assets Notes Payable, Non-Recourse Notes Payable Capital Leases Phase I Deployment $ 149 $ — $ 11,147 $ 46,589 $ — $ — Phase II Deployment — — 45,523 7,673 — — Services — — 1,050 — — — Content & Entertainment 18,675 8,701 63,241 — — 2 Corporate 9 — 7,249 — 79,607 34 Total $ 18,833 $ 8,701 $ 128,210 $ 54,262 $ 79,607 $ 36 March 31, 2017 (In thousands) Intangible Assets, net Goodwill Total Assets Notes Payable, Non-Recourse Notes Payable Capital Leases Phase I Deployment $ 160 $ — $ 15,118 $ 51,955 $ — $ — Phase II Deployment — — 48,461 9,149 — — Services — — 1,052 — — — Content & Entertainment 20,057 8,701 79,911 — — 8 Corporate 10 — 6,792 — 78,995 58 Total $ 20,227 $ 8,701 $ 151,334 $ 61,104 $ 78,995 $ 66
Schedule of Segment Reporting, Statement of Operations	Statements of Operations For the Three Months Ended June 30, 2016 (Unaudited, in thousands) Phase I Phase II Services Content & Entertainment Corporate Consolidated Revenues $ 9,164 $ 3,180 $ 3,295 $ 6,836 $ — $ 22,475 Direct operating (exclusive of depreciation and amortization shown below) 223 53 1 5,414 — 5,691 Selling, general and administrative 133 59 231 4,101 1,908 6,432 Allocation of Corporate overhead — — 397 896 (1,293 ) — Restructuring, transition and acquisition expenses, net — — — 90 — 90 Depreciation and amortization of property and equipment 6,391 1,881 — 68 184 8,524 Amortization of intangible assets 11 — — 1,450 2 1,463 Total operating expenses 6,758 1,993 629 12,019 801 22,200 Income (loss) from operations $ 2,406 $ 1,187 $ 2,666 $ (5,183 ) $ (801 ) $ 275 Statements of Operations For the Three Months Ended June 30, 2017 (Unaudited, in thousands) Phase I Phase II Services Content & Entertainment Corporate Consolidated Revenues $ 4,331 $ 3,061 $ 2,396 $ 5,452 $ — $ 15,240 Direct operating (exclusive of depreciation and amortization shown below) 288 111 — 3,667 — 4,066 Selling, general and administrative 100 79 263 3,981 1,895 6,318 Allocation of Corporate overhead — — 390 829 (1,219 ) — Depreciation and amortization of property and equipment 2,320 1,881 — 69 87 4,357 Amortization of intangible assets 11 — — 1,382 2 1,395 Total operating expenses 2,719 2,071 653 9,928 765 16,136 Income (loss) from operations $ 1,612 $ 990 $ 1,743 $ (4,476 ) $ (765 ) $ (896 )
Schedule of Segement Reporting, Employee Stock-based Compensation Expense	The following employee and director stock-based compensation expense related to the Company’s stock-based awards is included in the above amounts as follows: Phase I Phase II Services Content & Entertainment Corporate Consolidated Direct operating $ — $ — $ — $ — $ — $ — Selling, general and administrative — — — — 317 317 Total stock-based compensation $ — $ — $ — $ — $ 317 $ 317 The following employee and director stock-based compensation expense related to the Company’s stock-based awards is included in the above amounts as follows: Phase I Phase II Services Content & Entertainment Corporate Consolidated Direct operating $ — $ — $ 1 $ 2 $ — $ 3 Selling, general and administrative — — — 46 229 275 Total stock-based compensation $ — $ — $ 1 $ 48 $ 229 $ 278

NATURE OF OPERATIONS - NARRATIV

NATURE OF OPERATIONS - NARRATIVE (Details)	1 Months Ended
	May 31, 2016	Jun. 30, 2017USD ($)theatre	Jun. 27, 2017USD ($)director$ / sharesshares	Mar. 31, 2017USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number Of Movie Theatres | theatre		12,000
Accumulated deficit		$ (365,650,000)		$ (360,415,000)
Number of board members to be designated by equity buyer | director			2
Sale of Stock, Maximum Number of Board of Director Members | director			7
Sale of Stock, Amount Held in Escrow			$ 15,000,000
Phase I Deployment, Phase II Development, and Services Segment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Notes payable, net		56,800,000
Content and Entertainment and Corporate Segments
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Notes payable, net		$ 84,400,000
5.5% Convertible Notes Due 2035 | Recourse Notes Payable
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt interest rate, stated rate		5.50%		5.50%
Debt Instrument, Percent of Principal Amount Held by Debt Holders		99.00%
Class A common stock
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stock split, conversion ratio	0.1
Number of shares authorized for sale (in shares) | shares			20,000,000
Par value per share (in dollars per share) | $ / shares			$ 0.001
Maximum proceeds from sale of stock			$ 30,000,000
Sale of Stock, Maximum Number of Shares to be Sold to Management | shares			400,000

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - NARRATIVE (Details)	3 Months Ended
	Jun. 30, 2017USD ($)systemshares	Jun. 30, 2016USD ($)shares	Jun. 30, 2015USD ($)	Mar. 31, 2017
Deferred Revenue Arrangement [Line Items]
Asset Impairment Charges	$ 0	$ 0
Net cash used in by investing activities	(227,000)	(153,000)
Net cash used in financing activities	(7,173,000)	(17,700,000)
Goodwill impairment	$ 0	$ 0
Number of systems that have ceased to earn VPF | system	2,837
Activation fee revenue, per screen			$ 2,000
Activation fee revenue range, minimum			1,000
Activation fee revenue range, maximum			$ 2,000
Shares under option, granted (shares) | shares	0	0
Shares under option, exercised (shares) | shares	0	0
Antidilutive securities excluded from computation of earnings per share (shares) | shares	1,411,827	2,703,774
Convertible Debt | Convertible Notes | Forward Stock Purchase Transaction
Deferred Revenue Arrangement [Line Items]
Treasury stock, shares acquired (shares) | shares	1,200,000	1,200,000
Services
Deferred Revenue Arrangement [Line Items]
Administrative fee VPFs				5.00%
Incentive fees, percentage of VPF Phase I			2.50%
Up-front Payment Arrangement
Deferred Revenue Arrangement [Line Items]
Administrative fee VPFs			10.00%
Prepaid Expense and Other Assets, Current [Member]
Deferred Revenue Arrangement [Line Items]
Asset Impairment Charges	$ 900,000	$ 400,000

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - PROPERTY AND EQUIPMENT (Details)	3 Months Ended
	Jun. 30, 2017
Computer equipment and software | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	3 years
Computer equipment and software | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	5 years
Digital cinema projection systems
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	10 years
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	3 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	10 years
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	3 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	6 years

SUMMARY OF SIGNIFICANT ACCOUN26

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017
Levels of fair value measurements of financial assets:
Restricted cash	$ 1,000	$ 1,000
Recurring
Levels of fair value measurements of financial assets:
Restricted cash	1,000
Recurring | Fair Value, Inputs, Level 1
Levels of fair value measurements of financial assets:
Restricted cash	1,000
Recurring | Fair Value, Inputs, Level 2
Levels of fair value measurements of financial assets:
Restricted cash	0
Recurring | Fair Value, Inputs, Level 3
Levels of fair value measurements of financial assets:
Restricted cash	$ 0

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - EMPLOYEE STOCK-BASED COMPENSATION EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation	$ 317	$ 278
Direct operating
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation	0	3
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation	$ 317	$ 275

Other Interests (Details)

Other Interests (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Noncontrolling Interest [Line Items]
Accounts receivable service equity investment	$ 400,000		$ 400,000
Management fees revenue	300,000	$ 300,000
Deficit attributable to noncontrolling interest	$ (1,220,000)		(1,214,000)
Holdings
Noncontrolling Interest [Line Items]
Ownership percentage	100.00%
Equity method investment aggregate cost	$ 2,000,000
Holdings | Variable Interest Entity, Not Primary Beneficiary
Noncontrolling Interest [Line Items]
Equity method investment equity	20,500,000		18,700,000
Equity method investment	$ 0		$ 0
CONtv
Noncontrolling Interest [Line Items]
Ownership percentage	85.00%

INCOME TAXES Income Taxes (Deta

INCOME TAXES Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income tax expense	$ 186	$ 67
Effective income tax rate	3.90%	1.50%

NOTES PAYABLE - SCHEDULE OF NO

NOTES PAYABLE - SCHEDULE OF NOTES PAYABLE OUTSTANDING (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Feb. 28, 2013
Notes Payable:
Current portion	$ 25,453	$ 25,655
Long Term Portion	108,416	114,444
Prospect Loan
Notes Payable:
Debt interest rate, stated rate			2.50%
Current portion	0	0
Long Term Portion	49,156	54,656
Non-recourse Notes Payable
Notes Payable:
Current portion gross	5,854	6,056
Unamortized debt issuance cost, current	0	0
Current portion	5,854	6,056
Long term portion gross	50,975	57,749
Unamortized debt issuance long term	(2,567)	(2,701)
Long Term Portion	48,408	55,048
Non-recourse Notes Payable | Prospect Loan
Notes Payable:
Current portion gross	0	0
Long term portion gross	49,156	54,656
Non-recourse Notes Payable | KBC Facilities
Notes Payable:
Current portion gross	5,513	5,744
Long term portion gross	1,685	2,890
Non-recourse Notes Payable | P2 Vendor Note
Notes Payable:
Current portion gross	254	227
Long term portion gross	134	181
Non-recourse Notes Payable | P2 Exhibitor Notes
Notes Payable:
Current portion gross	87	85
Long term portion gross	0	22
Recourse Notes Payable
Notes Payable:
Current portion gross	19,599	19,599
Unamortized debt issuance cost, current	0	0
Current portion	19,599	19,599
Long term portion gross	64,831	64,736
Unamortized debt issuance long term	(4,823)	(5,340)
Long Term Portion	$ 60,008	$ 59,396
Recourse Notes Payable | 5.5% Convertible Notes Due 2035
Notes Payable:
Debt interest rate, stated rate	5.50%	5.50%
Current portion gross	$ 0	$ 0
Long term portion gross	50,571	50,571
Recourse Notes Payable | Cinedigm Revolving Loans
Notes Payable:
Current portion gross	19,599	19,599
Long term portion gross	0	0
Recourse Notes Payable | 2013 Notes
Notes Payable:
Current portion gross	0	0
Long term portion gross	5,000	5,000
Secured Debt | Second Secured Lien Notes
Notes Payable:
Current portion gross	0	0
Long term portion gross	$ 9,260	$ 9,165

NOTES PAYABLE - NARRATIVE (Det

NOTES PAYABLE - NARRATIVE (Details)

Jul. 01, 2017USD ($)

Jun. 30, 2017USD ($)installments

Apr. 29, 2015USD ($)$ / sharesshares

Feb. 28, 2013USD ($)

Aug. 14, 2017USD ($)shares

Jul. 31, 2016USD ($)

Apr. 30, 2015USD ($)

Oct. 31, 2013USD ($)shares

Jun. 30, 2017USD ($)installments

Jun. 30, 2016USD ($)

Aug. 10, 2017USD ($)

Aug. 09, 2017USD ($)

Jul. 10, 2017

Mar. 31, 2017USD ($)shares

May 31, 2016USD ($)

Mar. 31, 2016USD ($)

Oct. 17, 2013USD ($)

Line of Credit Facility [Line Items]

Restricted cash

$ 1,000,000

$ 1,000,000

$ 1,000,000

Long Term Portion

108,416,000

108,416,000

114,444,000

Interest Expense

4,041,000

$ 4,935,000

Revolving Credit Facility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 40,211,000

$ 40,211,000

Number of quarterly payments | installments

28

28

Class A common stock | Subsequent Event

Line of Credit Facility [Line Items]

Converted instrument, shares issued (in shares) | shares

1,215,326

Revolving Credit Facility

Line of Credit Facility [Line Items]

Remaining borrowing capacity

$ 200,000

Recourse Notes Payable

Line of Credit Facility [Line Items]

Long term portion gross

$ 64,831,000

$ 64,831,000

64,736,000

Long Term Portion

60,008,000

60,008,000

59,396,000

Prospect Loan

Line of Credit Facility [Line Items]

Restricted cash debt servicing

700,000

700,000

1,700,000

Restricted cash

1,000,000

$ 1,000,000

1,000,000

LIBOR

Line of Credit Facility [Line Items]

Basis spread on variable rate

1.00%

Prospect Loan

Line of Credit Facility [Line Items]

Debt face amount

70,000,000

$ 70,000,000

$ 70,000,000

70,000,000

Basis spread on variable rate

9.00%

Debt interest rate, stated rate

2.50%

Long Term Portion

49,156,000

49,156,000

54,656,000

Prospect Loan | Debt Instrument, Prepayment Period - Between Second And Third Anniversary

Line of Credit Facility [Line Items]

Prepayment premium

5.00%

Prospect Loan | Debt Instrument, Prepayment Period - Between Third and Fourth Anniversary

Line of Credit Facility [Line Items]

Prepayment premium

4.00%

Prospect Loan | Debt Instrument, Prepayment Period - Between Fourth and Fifth Anniversary

Line of Credit Facility [Line Items]

Prepayment premium

3.00%

Prospect Loan | Debt Instrument, Prepayment Period - Between Fifth and Sixth Anniversary

Line of Credit Facility [Line Items]

Prepayment premium

2.00%

Prospect Loan | Debt Instrument, Prepayment Period - Between Sixth and Seventh Anniversary

Line of Credit Facility [Line Items]

Prepayment premium

1.00%

Prospect Loan | LIBOR

Line of Credit Facility [Line Items]

Debt variable rate basis floor

2.00%

Convertible Notes | Convertible Debt

Line of Credit Facility [Line Items]

Debt face amount

$ 64,000,000

Debt interest rate, stated rate

5.50%

Debt conversion ratio

$ 1,000

Debt conversion ratio

82.4572

Debt conversion price (in dollars per share) | $ / shares

$ 12.13

Debt repurchase price percentage

100.00%

Debt redemption price percentage

100.00%

Proceeds from issuance of unsecured debt

$ 60,900,000

Interest expense

900,000

Interest Expense

700,000

900,000

Convertible Notes | Convertible Debt | Subsequent Event

Line of Credit Facility [Line Items]

Debt interest rate, stated rate

5.50%

Exchange Agreement | Convertible Debt | Class A common stock | Subsequent Event

Line of Credit Facility [Line Items]

Debt conversion original debt amount

$ 3,650,000

Cinedigm Credit Agreement | Line of Credit

Line of Credit Facility [Line Items]

Repayments of debt

18,600,000

Debt repurchased face amount

$ 18,200,000

Cinedigm Revolving Loans | Revolving Credit Facility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 30,000,000

Cinedigm Revolving Loans | Revolving Credit Facility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 2,232,000

Line of credit minimum liquidity

$ 5,000,000

Cinedigm Revolving Loans | Recourse Notes Payable

Line of Credit Facility [Line Items]

Long term portion gross

0

0

0

Cinedigm Revolving Loans | LIBOR | Revolving Credit Facility

Line of Credit Facility [Line Items]

Debt variable rate basis floor

1.00%

Cinedigm Revolving Loans | Base Rate | Revolving Credit Facility

Line of Credit Facility [Line Items]

Basis spread on variable rate

3.00%

Basis spread on variable rate minimum

1.00%

Cinedigm Revolving Loans | Eurodollar | Revolving Credit Facility

Line of Credit Facility [Line Items]

Basis spread on variable rate

4.00%

Cinedigm Revolving Loans, May 2016 Amendment | Revolving Credit Facility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 22,000,000

Credit Agreement Amendment Number 4 | Revolving Credit Facility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 19,800,000

$ 22,000,000

Line of credit minimum liquidity

800,000

Credit Agreement Amendment Number 4 | Revolving Credit Facility | Subsequent Event

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 17,100,000

$ 19,800,000

Line of credit minimum liquidity

$ 5,000,000

Credit Agreement Amendment Number 4 | Base Rate | Revolving Credit Facility

Line of Credit Facility [Line Items]

Basis spread on variable rate

3.50%

Credit Agreement Amendment Number 4 | Eurodollar | Revolving Credit Facility

Line of Credit Facility [Line Items]

Basis spread on variable rate

4.50%

2013 Notes | Senior Notes

Line of Credit Facility [Line Items]

Debt interest rate, stated rate

9.00%

Debt conversion original debt amount

$ 5,000,000

Discount on debt instrument

$ 1,600,000

Number of securities called by warrants (in shares) | shares

150,000

2013 Notes | Senior Notes | Board of the Director Member

Line of Credit Facility [Line Items]

Debt conversion original debt amount

$ 500,000

2013 Notes | Recourse Notes Payable

Line of Credit Facility [Line Items]

Long term portion gross

5,000,000

5,000,000

5,000,000

Second Secured Lien Notes | Secured Debt

Line of Credit Facility [Line Items]

Long term portion gross

$ 9,260,000

$ 9,260,000

$ 9,165,000

Second Secured Lien Notes | Secured Debt | Subsequent Event

Line of Credit Facility [Line Items]

Converted instrument, amount

$ 1,462,000

Long-term Debt [Member] | Class A common stock

Line of Credit Facility [Line Items]

Treasury stock, shares acquired (shares) | shares

272,100

Treasury stock acquired

$ 2,700,000

Forward Contracts [Member] | Class A common stock

Line of Credit Facility [Line Items]

Adjustments to Additional Paid in Capital, Forward Contract Indexed

$ 11,400,000

Forward Contracts Indexed to Issuer's Equity, Indexed Shares | shares

1,179,138

NOTES PAYABLE - NET OF ORIGINA

NOTES PAYABLE - NET OF ORIGINAL ISSUE DISCOUNT (Details) - USD ($)	Jun. 30, 2017	Mar. 31, 2017	Feb. 28, 2013
Debt Instrument [Line Items]
Less current portion	$ (25,453,000)	$ (25,655,000)
Long Term Portion	108,416,000	114,444,000
Prospect Loan
Debt Instrument [Line Items]
Debt amount, at issuance	70,000,000	70,000,000	$ 70,000,000
PIK Interest	4,778,000	4,778,000
Payments to date	(25,622,000)	(20,122,000)
Notes payable, net	49,156,000	54,656,000
Less current portion	0	0
Long Term Portion	$ 49,156,000	$ 54,656,000

NOTES PAYABLE - SUMMARY OF CRE

NOTES PAYABLE - SUMMARY OF CREDIT FACILITIES (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2017USD ($)installments	Mar. 31, 2017USD ($)
LIBOR
Line of Credit Facility [Line Items]
Interest Rate	1.00%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit Facility	$ 40,211
Outstanding Principal Balance	$ 7,198	$ 8,634
Number of quarterly payments | installments	28
Credit Facility 3 | Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit Facility	$ 22,336
Interest Rate	3.75%
Outstanding Principal Balance	$ 2,960	3,758
Credit Facility 5 | Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit Facility	$ 11,425
Interest Rate	3.75%
Outstanding Principal Balance	$ 2,856	3,264
Credit Facility 6 | Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit Facility	$ 6,450
Interest Rate	3.75%
Outstanding Principal Balance	$ 1,382	$ 1,612

STOCKHOLDERS' DEFICIT - COMMON

STOCKHOLDERS' DEFICIT - COMMON STOCK (Details)	3 Months Ended
	Jun. 30, 2017shares
Class A common stock
Class of Stock [Line Items]
Shares issued as payment for services rendered	570,069

STOCKHOLDERS' DEFICIT - PREFER

STOCKHOLDERS' DEFICIT - PREFERRED STOCK (Details) - USD ($) $ in Millions	Aug. 14, 2017	Jun. 30, 2017
Class of Stock [Line Items]
Dividends preferred stock		$ 0.2
Subsequent Event | Class A common stock
Class of Stock [Line Items]
Preferred stock dividends (shares)	45,766

STOCKHOLDERS' DEFICIT - CINEDI

STOCKHOLDERS' DEFICIT - CINEDIGM'S EQUITY INCENTIVE PLAN (Details) - $ / shares	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Sep. 27, 2016	Sep. 26, 2016
Shares Under Option
Shares under option, granted (shares)	0	0
Shares under option, exercised (shares)	0	0
Cinedigm Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent voting power threshold	10.00%
Exercise price if voting threshold is met, percent	110.00%
Shares Under Option
Shares under option, beginning of period (shares)	345,615
Shares under option, granted (shares)	0
Shares under option, exercised (shares)	0
Shares under option, canceled (shares)	(5,100)
Shares under option, end of period (shares)	340,515
Weighted Average Exercise Price Per Share
Weighted average exercise price per share, beginning of period (in dollars per share)	$ 16.50
Weighted average exercise price per share, granted (in dollars per share)	0
Weighted average exercise price per share, exercised (in dollars per share)	0
Weighted average exercise price per share, canceled (in dollars per share)	49.03
Weighted average exercise price per share, end of period (in dollars per share)	$ 15.73
Options outstanding, weighted average remaining contractual term	5 years 10 months 6 days
Cinedigm Equity Incentive Plan | Class A common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (shares)			2,380,000	1,430,000

STOCKHOLDERS' DEFICIT - OPTION

STOCKHOLDERS' DEFICIT - OPTIONS GRANTED OUTSIDE CINEDIGM'S EQUITY INCENTIVE PLAN (Details)	1 Months Ended		3 Months Ended
	Oct. 31, 2013employee$ / sharesshares	Dec. 31, 2010$ / sharesshares	Jun. 30, 2017shares	Jun. 30, 2016shares
Class of Stock [Line Items]
Shares under option, granted (shares)			0	0
Class A common stock | Chief Executive Officer
Class of Stock [Line Items]
Options exercise price range, lower (in dollars per share) | $ / shares		$ 15
Options exercise price range, upper (in dollars per share) | $ / shares		$ 50
Class A common stock | Chief Executive Officer | Stock option
Class of Stock [Line Items]
Number of shares authorized (shares)		450,000
Gaiam Americas, Inc. and Gaiam, Inc. (GVE)
Class of Stock [Line Items]
Number of employees joining company following acquisition | employee	10
Shares under option, granted (shares)	62,000
Weighted average exercise price per share, granted (in dollars per share) | $ / shares	$ 17.50
Options nonvested (shares)			31,875
Gaiam Americas, Inc. and Gaiam, Inc. (GVE) | Stock option
Class of Stock [Line Items]
Award vesting rights percentage	25.00%
Award vesting period	4 years
Aware expiration period	10 years

STOCKHOLDERS' DEFICIT - WARRAN

STOCKHOLDERS' DEFICIT - WARRANTS (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 22, 2016	Jun. 30, 2017
Strategic Management Service Provider Warrants
Class of Warrant or Right [Line Items]
Outstanding warrants		52,500
Warrant termination notice (in days)		90 days
Warrants issued to creditors in connection with the 2013 Notes
Class of Warrant or Right [Line Items]
Outstanding warrants		125,063
Warrant exercise price (in dollars per share)		$ 18.5
Second Secured Lien Notes
Class of Warrant or Right [Line Items]
Outstanding warrants		200,000
Warrants Issued in Connection with Convertible Notes
Class of Warrant or Right [Line Items]
Outstanding warrants		200,000
Warrant exercise price (in dollars per share)		$ 1.60
Warrants and rights outstanding	$ 0.2
Expected life (years)	5 years
Range of risk free rates	2.00%
Volatility rate	76.40%
Minimum | Strategic Management Service Provider Warrants
Class of Warrant or Right [Line Items]
Warrant exercise price (in dollars per share)		17.20
Minimum | Second Secured Lien Notes
Class of Warrant or Right [Line Items]
Warrant exercise price (in dollars per share)		1.34
Maximum | Strategic Management Service Provider Warrants
Class of Warrant or Right [Line Items]
Warrant exercise price (in dollars per share)		30
Maximum | Second Secured Lien Notes
Class of Warrant or Right [Line Items]
Warrant exercise price (in dollars per share)		$ 1.68
Convertible Debt | Exchange Agreement | Warrants Issued in Connection with Convertible Notes
Class of Warrant or Right [Line Items]
Vesting period (in months)	6 months

COMMITMENTS AND CONTINGENCIES C

COMMITMENTS AND CONTINGENCIES Commitments and Contingencies (Details) $ in Thousands	Jul. 01, 2017USD ($)
Subsequent Event
Loss Contingencies [Line Items]
Initial lease payment	$ 33

SUPPLEMENTAL CASH FLOW INFORM40

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Condensed Cash Flow Statements, Captions [Line Items]
Cash interest paid	$ 3,449	$ 5,060
Accrued dividends on preferred stock	89	89
Issuance of Class A Common Stock for settlement of an obligation	867	0
Class A common stock
Condensed Cash Flow Statements, Captions [Line Items]
Issuance of Class A Common Stock for payment of preferred stock dividends	$ 89	$ 89

SEGMENT INFORMATION - ASSETS an

SEGMENT INFORMATION - ASSETS and DEBT (Details)	3 Months Ended
	Jun. 30, 2017USD ($)segmentssystemsystems	Mar. 31, 2017USD ($)
Segment Reporting, Asset Reconciling Item [Line Items]
Number of reportable segments | segments	4
Number of systems that have ceased to earn VPF | system	2,837
Total intangible assets, net	$ 18,833,000	$ 20,227,000
Total goodwill	8,701,000	8,701,000
Assets from continuing operations	128,210,000	151,334,000
Notes payable, non-recourse	54,262,000	61,104,000
Current portion of notes payable	79,607,000	78,995,000
Capital leases	$ 36,000	66,000
Phase I
Segment Reporting, Asset Reconciling Item [Line Items]
Number of systems installed | systems	3,724
Phase I | Segment, Continuing Operations
Segment Reporting, Asset Reconciling Item [Line Items]
Total intangible assets, net	$ 149,000	160,000
Total goodwill	0	0
Assets from continuing operations	11,147,000	15,118,000
Notes payable, non-recourse	46,589,000	51,955,000
Current portion of notes payable	0	0
Capital leases	$ 0	0
Phase II
Segment Reporting, Asset Reconciling Item [Line Items]
Number of systems installed | systems	8,904
Phase II | Segment, Continuing Operations
Segment Reporting, Asset Reconciling Item [Line Items]
Total intangible assets, net	$ 0	0
Total goodwill	0	0
Assets from continuing operations	45,523,000	48,461,000
Notes payable, non-recourse	7,673,000	9,149,000
Current portion of notes payable	0	0
Capital leases	0	0
Services | Segment, Continuing Operations
Segment Reporting, Asset Reconciling Item [Line Items]
Total intangible assets, net	0	0
Total goodwill	0	0
Assets from continuing operations	1,050,000	1,052,000
Notes payable, non-recourse	0	0
Current portion of notes payable	0	0
Capital leases	0	0
Content & Entertainment | Segment, Continuing Operations
Segment Reporting, Asset Reconciling Item [Line Items]
Total intangible assets, net	18,675,000	20,057,000
Total goodwill	8,701,000	8,701,000
Assets from continuing operations	63,241,000	79,911,000
Notes payable, non-recourse	0	0
Current portion of notes payable	0	0
Capital leases	2,000	8,000
Corporate | Segment, Continuing Operations
Segment Reporting, Asset Reconciling Item [Line Items]
Total intangible assets, net	9,000	10,000
Total goodwill	0	0
Assets from continuing operations	7,249,000	6,792,000
Notes payable, non-recourse	0	0
Current portion of notes payable	79,607,000	78,995,000
Capital leases	$ 34,000	$ 58,000

SEGMENT INFORMATION - RECONCILI

SEGMENT INFORMATION - RECONCILIATION OF OPERATING PROFIT (LOSS) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	$ 15,240,000	$ 22,475,000
Direct operating (excludes depreciation and amortization shown below)	4,066,000	5,691,000
Selling, general and administrative	6,318,000	6,432,000
Allocation of Corporate overhead	0	0
Restructuring, transition and acquisition expenses, net		90,000
Goodwill impairment	0	0
Depreciation and amortization of property and equipment	4,357,000	8,524,000
Amortization of intangible assets	1,395,000	1,463,000
Total operating expenses	16,136,000	22,200,000
(Loss) income from operations	(896,000)	275,000
Phase I
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	4,331,000	9,164,000
Direct operating (excludes depreciation and amortization shown below)	288,000	223,000
Selling, general and administrative	100,000	133,000
Allocation of Corporate overhead	0	0
Restructuring, transition and acquisition expenses, net		0
Depreciation and amortization of property and equipment	2,320,000	6,391,000
Amortization of intangible assets	11,000	11,000
Total operating expenses	2,719,000	6,758,000
(Loss) income from operations	1,612,000	2,406,000
Phase II
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	3,061,000	3,180,000
Direct operating (excludes depreciation and amortization shown below)	111,000	53,000
Selling, general and administrative	79,000	59,000
Allocation of Corporate overhead	0	0
Restructuring, transition and acquisition expenses, net		0
Depreciation and amortization of property and equipment	1,881,000	1,881,000
Amortization of intangible assets	0	0
Total operating expenses	2,071,000	1,993,000
(Loss) income from operations	990,000	1,187,000
Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	2,396,000	3,295,000
Direct operating (excludes depreciation and amortization shown below)	0	1,000
Selling, general and administrative	263,000	231,000
Allocation of Corporate overhead	390,000	397,000
Restructuring, transition and acquisition expenses, net		0
Depreciation and amortization of property and equipment	0	0
Amortization of intangible assets	0	0
Total operating expenses	653,000	629,000
(Loss) income from operations	1,743,000	2,666,000
Content & Entertainment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	5,452,000	6,836,000
Direct operating (excludes depreciation and amortization shown below)	3,667,000	5,414,000
Selling, general and administrative	3,981,000	4,101,000
Allocation of Corporate overhead	829,000	896,000
Restructuring, transition and acquisition expenses, net		90,000
Depreciation and amortization of property and equipment	69,000	68,000
Amortization of intangible assets	1,382,000	1,450,000
Total operating expenses	9,928,000	12,019,000
(Loss) income from operations	(4,476,000)	(5,183,000)
Corporate
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	0	0
Direct operating (excludes depreciation and amortization shown below)	0	0
Selling, general and administrative	1,895,000	1,908,000
Allocation of Corporate overhead	(1,219,000)	(1,293,000)
Restructuring, transition and acquisition expenses, net		0
Depreciation and amortization of property and equipment	87,000	184,000
Amortization of intangible assets	2,000	2,000
Total operating expenses	765,000	801,000
(Loss) income from operations	$ (765,000)	$ (801,000)

SEGMENT INFORMATION - EMPLOYEE

SEGMENT INFORMATION - EMPLOYEE STOCK-BASED COMPENSATION EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	$ 317	$ 278
Direct operating
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	3
Selling, general and administrative
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	317	275
Phase I
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Phase I | Direct operating
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Phase I | Selling, general and administrative
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Phase II
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Phase II | Direct operating
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Phase II | Selling, general and administrative
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	1
Services | Direct operating
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	1
Services | Selling, general and administrative
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Content & Entertainment
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	48
Content & Entertainment | Direct operating
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	2
Content & Entertainment | Selling, general and administrative
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	46
Corporate
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	317	229
Corporate | Direct operating
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Corporate | Selling, general and administrative
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	$ 317	$ 229

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands	1 Months Ended
	Aug. 14, 2017	Aug. 10, 2017	Aug. 09, 2017	Jul. 31, 2017	Jul. 14, 2017	Jul. 10, 2017	Jul. 31, 2016	Jun. 30, 2016	Apr. 30, 2015	Apr. 29, 2015
Subsequent Event [Line Items]
Purchase Contract, Number of Shares Purchased									1,179,138
Convertible Notes | Convertible Debt
Subsequent Event [Line Items]
Debt interest rate, stated rate										5.50%
Credit Agreement Amendment Number 4 | Revolving Credit Facility
Subsequent Event [Line Items]
Maximum borrowing capacity							$ 19,800	$ 22,000
Subsequent Event
Subsequent Event [Line Items]
Purchase Contract, Number of Shares Settled				250,000	75,000
Subsequent Event | Convertible Notes | Convertible Debt
Subsequent Event [Line Items]
Percent of total outstanding						99.00%
Long-term debt						$ 50,000
Debt interest rate, stated rate						5.50%
Subsequent Event | Second Secured Lien Notes | Secured Debt
Subsequent Event [Line Items]
Converted instrument, amount	$ 1,462
Subsequent Event | Credit Agreement Amendment Number 4 | Revolving Credit Facility
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 17,100	$ 19,800
Subsequent Event | Class A common stock
Subsequent Event [Line Items]
Converted instrument, shares issued (in shares)	1,215,326
Subsequent Event | Class A common stock | Exchange Agreement | Convertible Debt
Subsequent Event [Line Items]
Debt conversion original debt amount	$ 3,650