
	May 1, 2023
Assets
Current assets:
Cash and cash equivalents	$	47,074
Accounts receivable		39,948
Prepaid expenses and other current assets		22,777
Total current assets		109,799
Total property and equipment		965,715
Right-of-use leased assets		304,982
IPv4 intangible asset		458,000
Other intangible assets		16,000
Deposits and other assets		7,521
Total assets	$	1,862,017
Liabilities
Current liabilities:
Accounts payable	$	13,313
Accrued and other current liabilities		25,344
Current maturities, operating lease liabilities		74,562
Current maturities, finance lease liabilities		39,559
Total current liabilities		152,778
Operating lease liabilities, net of current maturities		251,573
Finance lease liabilities, net of current maturities		121,342
Deferred income tax liabilities		474,891
Other long-term liabilities		35,366
Total liabilities		1,035,950
Fair value of net assets acquired	$	826,067
Gain on bargain purchase
Fair value of net assets acquired	$	826,067
Total net consideration to be received from the Seller, net of discounts - see table above		602,581
Gain on bargain purchase	$	1,428,648


	Three Months	Three Months	Nine months	Nine months
	Ended	Ended	Ended	Ended
	September 30, 2025	September 30, 2024	September 30, 2025	September 30, 2024
Unvested shares of restricted common stock	1,548,485	1,582,870	1,548,485	1,582,870
Anti-dilutive options for common stock	233,573	160,357	216,016	157,129
Anti-dilutive shares of restricted common stock	1,076,796	359	829,402	198,510


	Three Months		Three Months		Nine months		Nine months
	Ended		Ended		Ended		Ended
(in thousands)	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Service revenue recognized from deferred revenue balance at beginning of period	$	2,231	$	2,124	$	4,594	$	5,787
Amortization expense for contract costs		5,897		5,262		16,832		15,175

The future minimum payments under the Company’s operating lease and finance lease agreements are as follows (in thousands):


	Operating		Finance
For the Twelve Months Ending September 30,	Leases		Leases
2026	$	63,166	$	67,962
2027		60,433		64,610
2028		56,853		65,904
2029		52,666		63,797
2030		29,922		64,834
Thereafter		235,233		797,624
Total minimum lease obligations		498,273		1,124,731
Less—amounts representing interest		(164,385)		(522,890)
Present value of minimum lease obligations		333,888		601,841
Current maturities		(55,127)		(24,990)
Lease obligations, net of current maturities	$	278,761	$	576,851


			Current-period
			Provision for		Write offs
	Beginning		Expected Credit		Charged Against		Ending
Description	Balance		Losses		Allowance		Balance
Allowance for credit losses (deducted from accounts receivable) (in thousands)
Three months ended September 30, 2025	$	8,390	$	1,194	$	(3,178)	$	6,406
Three months ended September 30, 2024		6,382	$	4,542	$	(701)	$	10,223
Nine months ended September 30, 2025		9,762		3,263		(6,619)		6,406
Nine months ended September 30, 2024		3,677		10,056		(3,510)		10,223