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Goodwill and Intangible Assets | 12 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 8. Goodwill and Intangible Assets The acquired goodwill represents the value of combining operations of Amplex and the Company. See the Business Combination (Note 3) for more information on the acquisition of Amplex and the calculation of goodwill. The change in the carrying amount of goodwill for the fiscal year ended March 31, 2025 was as follows:
(In thousands) | March 31, 2024 |  |  | Additions |  |  | Impairment |  |  | March 31, 2025 |
Goodwill | $ | - |  |  | $ | 12,280 |  |  | $ | - |  |  |  | 12,280 |
| $ | - |  |  | $ | 12,280 |  |  | $ | - |  |  | $ | 12,280 |
The Company performed a qualitative impairment analysis as described in the Summary of Significant Accounting Policies (see Note 2) and determined it was not more likely than not that the carrying value of its reporting unit exceeded its fair value. For more information surrounding the intangible assets presented below, reference the Business Combination footnote (note 3). T he changes in intangible assets for the fiscal year ended March 31, 2025 consists of the following:
(In thousands) | Weighted-Average Remaining Amortization Period (Years) |  |  | March 31, 2024 |  |  | Additions |  |  | Impairment |  |  | Amortization |  |  | March 31, 2025 |
Definite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subscriber relationships |  | 4.21 |  |  | $ | - |  |  | $ | 2,654 |  |  | $ | - |  |  | $ | (420 | ) |  | $ | 2,234 |
Trade name |  | 9.16 |  |  |  | - |  |  |  | 507 |  |  |  | - |  |  |  | (40 | ) |  |  | 467 |
|  |  |  |  | - |  |  |  | 3,161 |  |  |  | - |  |  |  | (460 | ) |  |  | 2,701 |
Indefinite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
IP Addresses | N/A |  |  |  | - |  |  |  | 392 |  |  |  | - |  |  |  | - |  |  |  | 392 |
CBRS FCC license | N/A |  |  |  | - |  |  |  | 580 |  |  |  | - |  |  |  | - |  |  |  | 580 |
|  |  |  |  | - |  |  |  | 972 |  |  |  | - |  |  |  | - |  |  |  | 972 |
|  |  |  | $ | - |  |  | $ | 4,133 |  |  | $ | - |  |  | $ | (460 | ) |  | $ | 3,673 |
The Company performed a qualitative impairment analysis as outlined in “Note 2 – Significant Accounting Policies” and determined it was not more likely than not that any intangible assets were impaired for the year ended March 31, 2025. No intangible assets were reported as of March 31, 2024. Amortization expense totaled $0.5 million and $0.1 million for the fiscal year ended March 31, 2025 and 2024, respectively. Amortization expense is included in depreciation and amortization in the consolidated statements of operations. As of March 31, 2025, the future expected amortization expense for the definite lived intangible assets is as follows:
(In thousands) |  |
FY 2026 | $ | 582 |
FY 2027 |  | 582 |
FY 2028 |  | 582 |
FY 2029 |  | 582 |
FY 2030 |  | 161 |
Thereafter |  | 212 |
Total | $ | 2,701 |

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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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