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Revenue (Tables)
 12 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
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 years ended March 31, 2024 and 2023 (in thousands):
20242023
Spectrum revenues
900 MHz Broadband Spectrum Revenue
Ameren Corporation$609 $609 
Evergy966 581 
Xcel Energy (1)
1,887 — 
Narrowband Spectrum Revenue
Motorola729 729 
Total spectrum revenue (2)
$4,191 $1,919 
1.The Company commenced revenue recognition in connection with the delivery of cleared 900 MHz Broadband Spectrum and the associated broadband leases to Xcel Energy in September 2023.
2.Revenue recognized during the years ended March 31, 2024 and 2023 was included in deferred revenue at the beginning of the respective periods.
Schedule of Contract Assets
The Company capitalizes incremental costs associated with obtaining a contract with a customer, which generally includes sales commissions. The Company’s capitalized contract costs consisted of the following activity (in thousands):
20242023
Balance at the beginning of the year$870 $638 
Additions199 249 
Amortization(42)(17)
Balance at the end of the year1,027 870 
Less amount classified as current assets (1)
(580)(418)
Noncurrent assets (1)
$447 $452 
1.Current assets are recorded as prepaid expenses and other current assets and noncurrent assets are recorded as other assets on the Company’s Consolidated Balance Sheets.
Schedule of Contract Liabilities
Contract liabilities primarily relate to advanced consideration received from customers for spectrum services, for which revenue is recognized over time, as the services are performed. The Company’s contract liabilities consisted of the following activity (in thousands):
20242023
Balance at the beginning of the year$60,759 $54,678 
Net additions (1)
65,644 8,000 
Revenue recognized(4,191)(1,919)
Balance at the end of the year122,212 60,759 
Less amount classified as current liabilities (2)
(6,470)(2,769)
Noncurrent liabilities (2)
$115,742 $57,990 
1.Represents milestone payments received from customer contracts pursuant to the terms of the associated spectrum lease agreements, net of delivery delay adjustments.
2.Current liabilities and noncurrent liabilities are recorded as deferred revenue on the Company’s Consolidated Balance Sheets.