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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,118) $ (13,196)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 246 362
Non-cash compensation expense attributable to stock awards 4,265 4,128
Deferred income taxes (272) 200
Gain from disposal of intangible assets, net (10,785) (648)
(Gain) loss on disposal of long-lived assets, net (31) 2
Changes in operating assets and liabilities    
Prepaid expenses and other assets 563 1,180
Right of use assets 283 238
Accounts payable and accrued expenses 1,169 (1,460)
Due to related parties (533) 24
Operating lease liabilities (388) (327)
Deferred revenue (608) (335)
Net cash used in operating activities (8,209) (9,832)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of intangible assets, including refundable deposits (5,170) (6,650)
Purchases of equipment (25) (6)
Net cash used in investing activities (5,195) (6,656)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 7 872
Repurchase of common stock 0 (2,725)
Payments of withholding tax on net issuance of restricted stock (752) (827)
Net cash used in financing activities (745) (2,680)
Net change in cash and cash equivalents (14,149) (19,168)
CASH AND CASH EQUIVALENTS    
Beginning of the period 43,182 105,624
End of the period 29,033 86,456
Cash paid during the period:    
Taxes paid 1 0
Non-cash investing activity:    
Network equipment provided in exchange for wireless licenses $ 438 $ 4