Supplemental Disclosure of Cash Flow Information

12 Months Ended

Mar. 31, 2022

Supplemental Cash Flow Elements [Abstract]

Supplemental Disclosure of Cash Flow Information

The following table summarizes the Company’s supplemental cash flow information:


	For the years ended March 31,
(in thousands)	2022		2021		2020
Cash paid during the period:
Taxes paid	$	7	$	61	$	36
Interest paid	—		—		—
Non-cash investing activity:
Capitalized change in estimated asset retirement obligations	$	(17)	$	85	$	557
Contribution of patent to TeamConnect LLC	—		—		34
Contribution of capital equipment to TeamConnect LLC	—		—		14
Network equipment provided in exchange for wireless licenses	120		61		21
Non-cash financing activities:
Shares surrendered from stock option exercises	$	1,000	$	—	$	—
Equity payment of prior year accrued employee related expenses	—		1,537		—

During the year ended March 31, 2022, the Company applied for, and was granted by the FCC, broadband licenses for 21 counties and relinquished to the FCC its narrowband licenses for the same 21 counties. This transaction resulted in a non-cash increase to intangibles of $11.2 million, which has been recorded as a non-cash gain on disposal of intangible assets of $11.2 million, for the year ended March 31, 2022. See Note 5 Intangible Assets for further discussion on the license exchanges.