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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Mar. 31, 2024
Current assets    
Cash and cash equivalents $ 47,374 $ 60,578
Non-trade receivable 2,926 0
Spectrum receivable 7,107 8,521
Escrow deposits 547 0
Prepaid expenses and other current assets 2,801 3,912
Total current assets 60,755 73,011
Escrow deposits 7,103 7,546
Property and equipment, net 1,302 2,062
Right of use assets, net 4,829 4,432
Intangible assets 228,983 216,743
Deferred broadband costs 28,944 19,772
Other assets 1,188 1,328
Total assets 333,104 324,894
Current liabilities    
Accounts payable and other accrued expenses 9,075 8,631
Accrued severance and other related charges 2,265 0
Due to related parties 30 0
Operating lease liabilities 1,643 1,850
Contingent liability 8,093 1,000
Deferred revenue 6,095 6,470
Total current liabilities 27,201 17,951
Operating lease liabilities 3,747 3,446
Contingent liability 15,336 15,000
Deferred revenue 118,577 115,742
Deferred gain on sale of intangible assets 4,911 4,911
Deferred income tax 6,606 6,281
Other liabilities 125 531
Total liabilities 176,503 163,862
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at March 31, 2025 and March 31, 2024 0 0
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,612,804 shares issued and outstanding at March 31, 2025 and 18,452,892 shares issued and outstanding at March 31, 2024 2 2
Additional paid-in capital 548,542 533,203
Accumulated deficit (391,943) (372,173)
Total stockholders’ equity 156,601 161,032
Total liabilities and stockholders’ equity $ 333,104 $ 324,894