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Goodwill and Intangible Assets | 3 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 7. Goodwill and Intangible Assets The acquired goodwill represents the value of combining operations of Amplex and the Company. The change in the carrying amount of goodwill as of June 30, 2024 was as follows:
(In thousands) | Gross Carrying Amount |  |  | Additions |  |  | Impairment |  |  | Net Book Value |
Goodwill | $ | - |  |  | $ | 10,434 |  |  | $ | - |  |  |  | 10,434 |
| $ | - |  |  | $ | 10,434 |  |  | $ | - |  |  | $ | 10,434 |
Intangible assets consist of the following as of June 30, 2024:
(In thousands) | Weighted Average Remaining Amortization Period |  |  | Gross Carrying Amount |  |  | Additions |  |  | Impairment |  |  | Accumulated Amortization |  |  | Net Book Value |
Definite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subscriber relationships |  | 13.97 |  |  | $ | - |  |  | $ | 7,300 |  |  | $ | - |  |  | $ | (22 | ) |  | $ | 7,278 |
Trade name |  | 20.94 |  |  |  | - |  |  |  | 3,000 |  |  |  | - |  |  |  | (6 | ) |  |  | 2,994 |
Internally developed software |  | 4.96 |  |  |  | - |  |  |  | 250 |  |  |  | - |  |  |  | (2 | ) |  |  | 248 |
|  |  |  |  | - |  |  |  | 10,550 |  |  |  | - |  |  |  | (30 | ) |  |  | 10,520 |
Indefinite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CBRS FCC license |  |  |  |  | - |  |  |  | 580 |  |  |  | - |  |  |  | - |  |  |  | 580 |
|  |  |  |  | - |  |  |  | 580 |  |  |  | - |  |  |  | - |  |  |  | 580 |
|  |  |  | $ | - |  |  | $ | 11,130 |  |  | $ | - |  |  | $ | (30 | ) |  | $ | 11,100 |
Amortization expense totaled $30 thousand and $0 for the three months ended June 30, 2024 and 2023, respectively, which is included in depreciation and amortization in the condensed consolidated statements of operations. As of June 30, 2024, the future expected amortization expense for intangible assets is as follows:
(In thousands) |  |
Remainder of FY 2025 | $ | 536 |
FY 2026 |  | 714 |
FY 2027 |  | 714 |
FY 2028 |  | 714 |
FY 2029 |  | 714 |
Thereafter |  | 7,128 |
Total | $ | 10,520 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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