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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Schedule of property and equipment estimated useful lives

Depreciation of property, plant, and equipment is computed using the straight-line method over the estimated useful lives of the assets as follows:


Asset		Estimated Useful Life
Equipment		5 - 7 years
Furniture and fixtures		5 - 7 years
Leasehold improvements		Lesser of lease term or useful life (generally 6 - 15 years)
Construction equipment		5 - 10 years
Fiber plant		15 - 30 years
Customer premise equipment		4 - 5 years
Towers		5 - 10 years
Plant in service		15 - 49 years

Summary of financial assets and liabilities measured at fair value on recurring basis

The following tables presents information about the Company’s financial instruments measured at fair value, on a recurring basis, consistent with the fair value hierarchy provisions:


		Fair Value Measurement Using (In thousands)
Description		Level				Level 2				Level 3				Fair Value				Carrying Value
Cash:
June 30, 2024		$	12,200			$	-			$	-			$	12,200			$	12,200
March 31, 2024		$	994			$	-			$	-			$	994			$	994
Cash equivalents:
June 30, 2024		$	28,458			$	-			$	-			$	28,458			$	28,458
March 31, 2024		$	17,988			$	-			$	-			$	17,988			$	17,988
Term loan advance to Amplex:
June 30, 2024		$	-			$	-			$	-			$	-			$	-
March 31, 2024		$	-			$	-			$	300			$	300			$	300
Dissenting shareholders' liability (Note 2):
June 30, 2024		$	-			$	-			$	5,355			$	5,355			$	5,355
March 31, 2024		$	-			$	-			$	-			$	-			$	-
Contingent liability (Note 13):
June 30, 2024		$	-			$	-			$	2,620			$	2,620			$	2,620
March 31, 2024		$	-			$	-			$	-			$	-			$	-

Schedule of Term Loan Advance

The following table summarizes the changes in financial assets measured at fair value, on a recurring basis, for which Level 3 inputs have been used to determine fair value:


Balance of Term Loan Advances as of April 1, 2024		$	300
Issued			450
Change in fair value			-
Interest accrued			4
Conversion			(754	)
Balance of Term Loan Advances as of June 30, 2024		$	-


Balance of Dissenting Shareholders' Liability as of April 1, 2024		$	-
Issued			4,526
Change in fair value			829
Balance of Dissenting Shareholders' Liability as of June 30, 2024		$	5,355

Discontinued operations assets measured on a non-recurring basis using Level 3 inputs were $0 and $39.4 million as of June 30, 2024 and March 31, 2024, respectively.