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Goodwill and Intangible Assets (Tables)
6 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of change in the carrying amount of goodwill

The change in the carrying amount of goodwill for the six months ended September 30, 2024 was as follows:

(In thousands)

Gross Carrying Amount

 

 

Additions

 

 

Impairment

 

 

Net Book Value

 

Goodwill

$

-

 

 

$

10,434

 

 

$

-

 

 

 

10,434

 

 

$

-

 

 

$

10,434

 

 

$

-

 

 

$

10,434

 

Schedule of Intangible assets

The changes in intangible assets for the six months ended September 30, 2024 consists of the following:

(In thousands)

Weighted Average Remaining Amortization Period

 

 

Gross Carrying Amount

 

 

Additions

 

 

Impairment

 

 

Accumulated Amortization

 

 

Net Book Value

 

Definite lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subscriber relationships

 

13.72

 

 

$

-

 

 

$

7,300

 

 

$

-

 

 

$

(152

)

 

$

7,148

 

Trade name

 

20.69

 

 

 

-

 

 

 

3,000

 

 

 

-

 

 

 

(41

)

 

 

2,959

 

Internally developed software

 

4.70

 

 

 

-

 

 

 

250

 

 

 

-

 

 

 

(15

)

 

 

235

 

 

 

 

 

 

-

 

 

 

10,550

 

 

 

-

 

 

 

(208

)

 

 

10,342

 

Indefinite lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CBRS FCC license

 

 

 

 

-

 

 

 

580

 

 

 

-

 

 

 

-

 

 

 

580

 

 

 

 

 

 

-

 

 

 

580

 

 

 

-

 

 

 

-

 

 

 

580

 

 

 

 

 

$

-

 

 

$

11,130

 

 

$

-

 

 

$

(208

)

 

$

10,922

 

Schedule of future expected amortization expense for intangible assets

As of September 30, 2024, the future expected amortization expense for intangible assets is as follows:

(In thousands)

 

 

Remainder of FY 2025

$

357

 

FY 2026

 

714

 

FY 2027

 

714

 

FY 2028

 

714

 

FY 2029

 

714

 

Thereafter

 

7,129

 

Total

$

10,342