XML 22 R5.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Operating revenues      
Total operating revenues $ 1,084,000 $ 921,000 $ 1,564,000
Operating expenses      
Direct cost of revenue (exclusive of depreciation and amortization) 5,000 1,606,000 2,833,000
General and administrative 39,525,000 39,302,000 25,469,000
Sales and support 4,461,000 2,942,000 4,055,000
Product development 3,593,000 4,343,000 2,953,000
Depreciation and amortization 1,450,000 3,533,000 3,591,000
Impairment of long-lived assets 0 85,000 46,000
Operating expenses 49,034,000 51,811,000 38,947,000
(Gain)/loss from disposal of intangible assets, net (11,209,000) 3,849,000 88,000
Loss from disposal of long-lived assets, net 107,000 70,000 62,000
Loss from operations (36,848,000) (54,809,000) (37,533,000)
Interest income 56,000 124,000 1,810,000
Other income 256,000 414,000 496,000
Loss on equity method investment 0 (39,000) (9,000)
Loss before income taxes (36,536,000) (54,310,000) (35,236,000)
Income tax expense 983,000 124,000 2,402,000
Net loss $ (37,519,000) $ (54,434,000) $ (37,638,000)
Net loss per common share basic (in dollars per share) $ (2.07) $ (3.13) $ (2.29)
Net loss per common share diluted (in dollars per share) $ (2.07) $ (3.13) $ (2.29)
Weighted-average common shares used to compute basic net loss per share (in shares) 18,142,828 17,412,958 16,421,610
Weighted-average common shares used to compute diluted net loss per share (in shares) 18,142,828 17,412,958 16,421,610
Service revenue      
Operating revenues      
Total operating revenues $ 0 $ 192,000 $ 835,000
Spectrum revenue      
Operating revenues      
Total operating revenues $ 1,084,000 $ 729,000 $ 729,000