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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (20,580) $ 283
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities    
Depreciation and amortization 472 653
Stock compensation expense 10,619 12,024
Deferred income taxes 455 892
Right of use assets 1,226 (1,258)
Gain on disposal of intangible assets, net (20,846) (33,035)
Gain on sale of intangible assets, net 0 (7,364)
Loss from disposal of long-lived assets, net 0 39
Changes in operating assets and liabilities    
Prepaid expenses and other assets 1,265 322
Accounts payable and other accrued expenses 383 1,588
Accrued severance and other related charges 2,290 0
Due to related parties 0 (533)
Operating lease liabilities (1,453) 941
Contingent liability 10,000 15,000
Deferred revenue 3,849 46,301
Other liabilities (388) 0
Net cash (used in) provided by operating activities (12,708) 35,853
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of intangible assets, including refundable deposits, retuning costs and swaps (12,621) (14,809)
Proceeds from sale of spectrum 0 25,427
Purchases of equipment (41) (267)
Net cash (used in) provided by investing activities (12,662) 10,351
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 1,960 7
Repurchases of common stock (6,443) (18,706)
Payments of withholding tax on net issuance of restricted stock (1,843) (1,137)
Net cash used in financing activities (6,326) (19,836)
Net change in cash and cash equivalents and restricted cash (31,696) 26,368
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents and restricted cash at beginning of the period 68,124 43,182
Cash and cash equivalents and restricted cash at end of the period 36,428 69,550
Cash paid during the period:    
Taxes paid, including excise tax 1,058 1
Operating leases paid 1,732 1,732
Non-cash investing activity:    
Network equipment provided in exchange for wireless licenses 47 616
Narrowband spectrum licenses received in connection with the LCRA Agreement 1,430 0
Deferred gain on sale of intangible assets 0 4,911
Derecognition of contingent liability related to sale of intangible assets 0 19,249
Right of use assets new leases 290 439
Right of use assets modifications and renewals $ 1,221 $ 1,885