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Related Party Transactions
9 Months Ended
Dec. 31, 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 and nine months ended December 31, 2022 and 2021.
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 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 and nine months ended December 31, 2022 and 2021, the Company incurred payments of $15,000 and $45,000, respectively. As of December 31, 2022 and March 31, 2022, the Company did not have outstanding liabilities to the related parties associated with the service transfer.
During the nine months ended December 31, 2022, the Company purchased equipment from Motorola in the amount of $910,000. In addition, the Company entered into a Frequency Relocation Agreement with Motorola for a total amount of $967,000, of which the Company paid $97,000 during the quarter ended December 31, 2022. As of December 31, 2022 and March 31, 2022, the Company owed $120,000 to Motorola, unrelated to the Frequency Relocation Agreement.
During 2020, the Company entered into a consulting agreement with Rachelle B. Chong under which Ms. Chong serves 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. In July 2022, the Company extended the agreement by an additional 12 months with a new termination date of May 14, 2023. For the three and nine months ended December 31, 2022 and 2021, the Company incurred $36,000 and $108,000 in consulting fees to Ms. Chong, respectively. As of December 31, 2022 and 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 serves 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. In July 2022, the Company extended the agreement by an additional 12 months with a new termination date of September 1, 2023. For the three and nine months ended December 31, 2022 and 2021, the Company incurred $10,000 and $30,000 in consulting fees to Mr. McAuley, respectively. As of December 31, 2022 and March 31, 2022, the Company did not have any outstanding liabilities to Mr. McAuley.