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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (11,372) $ (9,128)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities    
Depreciation and amortization 548 844
Stock compensation expense 13,531 15,507
Deferred income taxes 325 841
Right of use assets 1,657 1,512
Gain on exchange of intangible assets, net (22,799) (35,024)
Gain on sale of intangible assets, net (18,294) (7,364)
Loss from disposal of long-lived assets, net 3 44
Changes in operating assets and liabilities    
Non-trade receivable (2,926) 0
Prepaid expenses and other assets 1,126 (1,171)
Accounts payable and other accrued expenses 550 1,936
Accrued severance and other related charges 2,265 0
Due to related parties 30 (533)
Operating lease liabilities (1,960) (1,924)
Contingent liability 5,999 15,000
Deferred revenue 2,460 61,453
Other liabilities (406) 0
Net cash (used in) provided by operating activities (29,263) 41,993
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of intangible assets, including refundable deposits, retuning costs and swaps (18,095) (17,031)
Proceeds from sale of spectrum 40,935 25,427
Purchases of equipment (87) (307)
Net cash provided by investing activities 22,753 8,089
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 3,651 777
Repurchases of common stock (8,398) (24,676)
Payments of withholding tax on net issuance of restricted stock (1,843) (1,241)
Net cash used in financing activities (6,590) (25,140)
Net change in cash and cash equivalents and restricted cash (13,100) 24,942
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents and restricted cash at beginning of the year 68,124 43,182
Cash and cash equivalents and restricted cash at end of the year 55,024 68,124
Reconciliation of Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 47,374 60,578
Escrow deposits 7,650 7,546
Total cash and cash equivalents and restricted cash $ 55,024 $ 68,124