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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (31,859) $ (26,502)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 1,107 996
Non-cash compensation expense attributable to stock awards 13,411 10,047
Deferred income taxes 613 710
Gain from disposal of intangible assets, net (9,329) (10,230)
Loss on disposal of long-lived assets, net 1 111
Changes in operating assets and liabilities    
Accounts receivable 0 4
Prepaid expenses and other assets 666 (115)
Right of use assets 480 844
Accounts payable and accrued expenses 43 528
Due to related parties 0 8
Operating lease liabilities (747) (1,087)
Contingent Liability 249 0
Deferred revenue 6,689 52,030
Other liabilities 0 (307)
Net cash (used in) provided by operating activities (18,676) 27,037
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of intangible assets, including refundable deposits (19,069) (16,030)
Purchases of equipment (1,543) (252)
Net cash used in investing activities (20,612) (16,282)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 872 12,922
Repurchase of common stock (8,223) (11,993)
Payments of withholding tax on net issuance of restricted stock (1,474) (1,458)
Net cash used in financing activities (8,825) (529)
Net change in cash and cash equivalents (48,113) 10,226
CASH AND CASH EQUIVALENTS    
Beginning of the period 105,624 117,538
End of the period 57,511 127,764
Cash paid during the period:    
Taxes paid 12 7
Non-cash investing activity:    
Network equipment provided in exchange for wireless licenses 30 79
Non-cash financing activities:    
Shares surrendered from stock option exercises $ 0 $ 1,000