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Revenue (Tables)

3 Months Ended

Jun. 30, 2023

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 months ended June 30, 2023 and 2022 (in thousands):


	Three months ended June 30,
	2023		2022
Spectrum revenues
900 MHz Broadband Spectrum Revenue
Ameren	$	152	$	153
Evergy(1)	274		—
Narrowband Spectrum Revenue
Motorola	182		182
Total spectrum revenue(2)	$	608	$	335

1.The Company commenced revenue recognition in connection with the delivery of cleared 900 MHz Broadband Spectrum and the associated broadband licenses to Evergy, Inc. (“Evergy”) during the three months ended September 2022.

2.Revenue recognized during the three months ended June 30, 2023 and 2022 was included in deferred revenue at the beginning of the respective periods.

Schedule of Contract Assets

The Company’s contract assets consisted of the following activity during the three months ended June 30, 2023 and 2022 (in thousands):


	2023		2022
Balance at the beginning of the period	$	870	$	638
Additions	28		56
Amortization	(10)		(3)

Balance at the end of the period	888		691
Less amount classified as current assets - prepaid expenses and other current assets	(445)		(294)
Noncurrent assets (1)	$	443	$	397

1.Recorded as other assets on the Company’s Consolidated Balance Sheets.

Schedule of Contract Liabilities

The Company’s contract liabilities consisted of the following activity during the three months ended June 30, 2023 and 2022 (in thousands):


	2023		2022
Balance at the beginning of the period	$	60,759	$	54,678

Revenue recognized	(608)		(335)
Balance at the end of the period	60,151		54,343
Less amount classified as current liabilities	(2,896)		(2,192)
Noncurrent liabilities (1)	$	57,255	$	52,151

1.Recorded as deferred revenue on the Company’s Consolidated Balance Sheets.