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Related Party Transactions | 3 Months Ended
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Jun. 30, 2022
Related Party Transactions [Abstract] |
Related Party Transactions | Related Party Transactions Refer to the Company’s 2022 Annual Report for a more complete description of the nature of its related party transactions prior to March 31, 2022. The following reflects the related party activity during the three months ended June 30, 2022. In connection with the Service Revenue Transfer, the Company was obligated to pay a monthly service fee for a 24-month period that ended on January 7, 2021, for its assumption of the Company’s support obligations under the transfer agreements. The Company is also obligated to pay a certain portion of the billed revenue received by the Company from pdvConnect customers for a 48-month period. For the three months ended June 30, 2022 and 2021, the Company incurred payments of $15,000 and $15,000, respectively. As of June 30, 2022 and March 31, 2022, the Company did not have outstanding liabilities to the related parties associated with the service transfer. In connection with the 2014 Motorola Spectrum Agreement, the Company has the ability to purchase equipment from Motorola while also leasing the Company’s narrowband spectrum. During the three months ended June 30, 2022 and 2021, respectively, the Company did not purchase any equipment from Motorola under this agreement. As of June 30, 2022 and March 31, 2022, the Company owed $120,000 to Motorola at the end of each period, unrelated to the 2014 Motorola Spectrum Agreement. During 2020, the Company entered into a consulting agreement with Rachelle B. Chong under which Ms. Chong will serve as a Senior Advisor to the Company’s management team, subsequent to her resignation from the Company’s Board and as a member of the Board’s Nominating and Corporate Governance Committee. The Company extended the agreement by an additional twelve (12) months with a new termination date of May 14, 2023. For the three months ended June 30, 2022 and 2021, the Company incurred $36,000 in consulting fees to Ms. Chong in each period. As of June 30, 2022, the Company owed $24,000 to Ms. Chong. As of March 31, 2022, the Company did not have any outstanding liabilities to Ms. Chong. During 2020, the Company entered into an annual consulting agreement with Brian D. McAuley under which Mr. McAuley will serve as a Senior Advisor to the Company’s management team and provide strategic, corporate governance and Board advisory services, subsequent to his resignation as Executive Chairman of the Board. The Consulting Agreement was effective as of September 2, 2020, with an original expiration date of September 1, 2021. The Company extended the agreement by an additional twenty four (24) months with a new termination date of September 1, 2023. For the three months ended June 30, 2022 and 2021, the Company incurred $10,000 each period, in consulting fees to Mr. McAuley. As of June 30, 2022 and March 31, 2022, the Company did not have any outstanding liabilities to Mr. McAuley.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI https://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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