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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Mar. 31, 2024
Current assets    
Cash and cash equivalents $ 28,797 $ 60,578
Spectrum receivable 8,147 8,521
Escrow deposits 198 0
Prepaid expenses and other current assets 3,139 3,912
Total current assets 40,281 73,011
Escrow deposits 7,433 7,546
Property and equipment, net 1,579 2,062
Right of use assets, net 4,717 4,432
Intangible assets 246,215 216,743
Deferred broadband costs 25,976 19,772
Other assets 478 1,328
Total assets 326,679 324,894
Current liabilities    
Accounts payable and other accrued expenses 9,009 8,631
Accrued severance and other related charges 2,290 0
Operating lease liabilities 1,745 1,850
Contingent liability 5,397 1,000
Deferred revenue 5,962 6,470
Total current liabilities 24,403 17,951
Operating lease liabilities 3,609 3,446
Contingent liability 22,033 15,000
Deferred revenue 120,099 115,742
Deferred gain on sale of intangible assets 4,911 4,911
Deferred income tax 6,736 6,281
Other liabilities 143 531
Total liabilities 181,934 163,862
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at December 31, 2024 and March 31, 2024 0 0
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,586,786 shares issued and outstanding at December 31, 2024 and 18,452,892 shares issued and outstanding at March 31, 2024 2 2
Additional paid-in capital 543,939 533,203
Accumulated deficit (399,196) (372,173)
Total stockholders’ equity 144,745 161,032
Total liabilities and stockholders’ equity $ 326,679 $ 324,894