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Revenue (Tables)

6 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

The following table provides information regarding the Company’s revenue for each of the services it provides pursuant to its spectrum revenue agreements for the three and six months ended September 30, 2022 and 2021 (in thousands):


	Three months ended September 30,				Six months ended September 30,
	2022		2021		2022		2021
Spectrum revenues
900 MHz Broadband Spectrum Revenue
Ameren	$	152	$	—	$	305	$	—
Evergy(1)	64		—		64		—
Narrowband Spectrum Revenue
Motorola	182		182		364		364
Total spectrum revenue(2)	$	398	$	182	$	733	$	364

1.The Company commenced revenue recognition in connection with the delivery of cleared 900 MHz Broadband Spectrum and the associated broadband licenses for 45 counties to Evergy.

2.Revenue recognized during the three and six months ended September 30, 2022 and 2021 was included in deferred revenue at the beginning of the respective periods.

Schedule of Contract Assets

The following table presents the activity for the Company’s contract assets (in thousands):


	Contract Assets
Balance at March 31, 2022	$	638
Additions	62
Amortization	(7)
Impairment	—
Balance at September 30, 2022	693
Less amount classified as current assets - prepaid expenses and other current assets	(300)
Noncurrent assets - included in other assets	$	393

Schedule of Contract Liabilities

The following table presents the activity for the Company’s contract liabilities (in thousands):


	Contract Liabilities
Balance at March 31, 2022	$	54,678
Additions	—
Revenue recognized	(733)
Balance at September 30, 2022	53,945
Less amount classified as current liabilities	(2,514)
Noncurrent liabilities	$	51,431