XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (26,502) $ (43,499)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation and amortization 996 3,418
Non-cash compensation expense attributable to stock awards 10,047 13,245
Deferred income taxes 710 311
(Gain)/loss from disposal of intangible assets (10,230) 3,849
Loss/(gain) on disposal of long-lived assets, net 111 (6)
Loss on equity method investment   23
Changes in operating assets and liabilities    
Accounts receivable 4 42
Prepaid expenses and other assets (115) (639)
Right of use assets 844 1,102
Accounts payable and accrued expenses 528 3,838
Due to related parties 8 11
Restructuring reserve   (600)
Operating lease liabilities (1,087) (1,289)
Deferred revenue 52,030 (551)
Other liabilities (307) 36
Net cash provided by (used in) operating activities 27,037 (20,669)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of intangible assets, including refundable deposits (16,030) (10,882)
Purchases of equipment (252) (234)
Net cash used in investing activities (16,282) (11,116)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 12,922 2,818
Repurchase of common stock (11,993)  
Payments of withholding tax on net issuance of restricted stock (1,458)  
Net cash (used in) provided by financing activities (529) 2,818
Net change in cash and cash equivalents 10,226 (28,967)
CASH AND CASH EQUIVALENTS    
Beginning of the period 117,538 137,453
End of the period 127,764 108,486
Cash paid during the period:    
Taxes paid 7 36
Non-cash investing activity:    
Network equipment provided in exchange for wireless licenses 79 23
Non-cash financing activities:    
Shares surrendered from stock option exercises $ 1,000  
Equity payment of prior year accrued employee related expenses   1,537
Long Lived Assets [Member]    
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Impairment of long-lived assets   $ 40