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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Mar. 31, 2023
Current assets    
Cash and cash equivalents $ 60,578 $ 43,182
Spectrum receivable costs 8,521 13,834
Prepaid expenses and other current assets 3,912 2,443
Total current assets 73,011 59,459
Escrow deposits 7,546 0
Property and equipment, net 2,062 3,606
Right of use assets, net 4,432 3,371
Intangible assets 216,743 202,044
Deferred broadband costs 19,772 8,853
Other assets 1,328 1,225
Total assets 324,894 278,558
Current liabilities    
Accounts payable and accrued expenses 8,631 6,624
Due to related parties 0 533
Operating lease liabilities 1,850 1,725
Contingent liability 1,000 20,249
Deferred revenue 6,470 2,769
Total current liabilities 17,951 31,900
Operating lease liabilities 3,446 2,922
Contingent liability 15,000 0
Deferred revenue 115,742 57,990
Deferred gain on sale of intangible assets 4,911 0
Deferred income tax 6,281 5,440
Other liabilities 531 513
Total liabilities 163,862 98,765
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at March 31, 2024 and March 31, 2023 0 0
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,452,892 shares issued and outstanding at March 31, 2024 and 18,921,999 shares issued and outstanding at March 31, 2023 2 2
Additional paid-in capital 533,203 518,160
Accumulated deficit (372,173) (338,369)
Total stockholders’ equity 161,032 179,793
Total liabilities and stockholders’ equity $ 324,894 $ 278,558