XML 19 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (23,839) $ (13,787)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 734 673
Non-cash compensation expense attributable to stock awards 8,819 6,516
Deferred income taxes 403 298
Gain from disposal of intangible assets, net (3,553) (10,230)
Loss on disposal of long-lived assets, net 22 54
Changes in operating assets and liabilities    
Accounts receivable 0 4
Prepaid expenses and other assets 1,263 701
Right of use assets 518 578
Accounts payable and accrued expenses (1,132) (1,572)
Due to related parties 0 (32)
Operating lease liabilities (699) (735)
Contingent Liability 249 0
Deferred revenue (733) 5,073
Other liabilities 0 (133)
Net cash used in operating activities (17,948) (12,592)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of intangible assets, including refundable deposits (11,228) (11,866)
Purchases of equipment (1,145) (209)
Net cash used in investing activities (12,373) (12,075)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 872 9,304
Repurchase of common stock (4,725) 0
Payments of withholding tax on net issuance of restricted stock (1,336) (1,308)
Net cash (used in) provided by financing activities (5,189) 7,996
Net change in cash and cash equivalents (35,510) (16,671)
CASH AND CASH EQUIVALENTS    
Beginning of the period 105,624 117,538
End of the period 70,114 100,866
Cash paid during the period:    
Taxes paid 12 7
Non-cash investing activity:    
Network equipment provided in exchange for wireless licenses 29 53
Non-cash financing activities:    
Shares surrendered from stock option exercises $ 0 $ 1,000