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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Mar. 31, 2024
Current assets    
Cash and cash equivalents $ 43,129 $ 60,578
Spectrum receivable 12,063 8,521
Prepaid expenses and other current assets 1,582 3,912
Total current assets 56,774 73,011
Escrow deposits 7,608 7,546
Property and equipment, net 1,726 2,062
Right of use assets, net 4,987 4,432
Intangible assets 221,863 216,743
Deferred broadband costs 23,759 19,772
Other assets 520 1,328
Total assets 317,237 324,894
Current liabilities    
Accounts payable and accrued expenses 7,086 8,631
Operating lease liabilities 1,806 1,850
Contingent liability 1,000 1,000
Deferred revenue 5,915 6,470
Total current liabilities 15,807 17,951
Operating lease liabilities 3,845 3,446
Contingent liability 25,000 15,000
Deferred revenue 120,712 115,742
Deferred gain on sale of intangible assets 4,911 4,911
Deferred income tax 7,670 6,281
Other liabilities 229 531
Total liabilities 178,174 163,862
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at September 30, 2024 and March 31, 2024 0 0
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,618,271 shares issued and outstanding at September 30, 2024 and 18,452,892 shares issued and outstanding at March 31, 2024 2 2
Additional paid-in capital 541,551 533,203
Accumulated deficit (402,490) (372,173)
Total stockholders’ equity 139,063 161,032
Total liabilities and stockholders’ equity $ 317,237 $ 324,894