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Goodwill and Intangible Assets | 3 Months Ended
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Jun. 30, 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. The change in the carrying amount of goodwill for the three months ended June 30, 2025 was as follows:
(In thousands) | Net Carrying Amount as of March 31, 2025 |  |  | Additions |  |  | Impairment |  |  | Net Carrying Amount as of June 30, 2025 |
Goodwill | $ | 12,280 |  |  | $ | - |  |  | $ | - |  |  |  | 12,280 |
| $ | 12,280 |  |  | $ | - |  |  | $ | - |  |  | $ | 12,280 |
The changes in intangible assets for the three months ended June 30, 2025 consists of the following:
(In thousands) | Weighted Average Remaining Amortization Period (Years) |  |  | Net Carrying Amount as of March 31, 2025 |  |  | Additions |  |  | Impairment |  |  | Amortization |  |  | Net Carrying Amount as of June 30, 2025 |
Definite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subscriber relationships |  | 3.99 |  |  | $ | 2,234 |  |  | $ | - |  |  | $ | - |  |  | $ | (116 | ) |  | $ | 2,118 |
Trade name |  | 8.94 |  |  |  | 467 |  |  |  | - |  |  |  | - |  |  |  | (11 | ) |  |  | 456 |
|  |  |  |  | 2,701 |  |  |  | - |  |  |  | - |  |  |  | (127 | ) |  |  | 2,574 |
Indefinite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
IP Addresses | N/A |  |  |  | 392 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 392 |
CBRS FCC license | N/A |  |  |  | 580 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 580 |
|  |  |  |  | 972 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 972 |
|  |  |  | $ | 3,673 |  |  | $ | - |  |  | $ | - |  |  | $ | (127 | ) |  | $ | 3,546 |
Amortization expense totaled $127 thousand and $30 thousand for the three months ended June 30, 2025 and 2024, respectively. Amortization expense is included in depreciation and amortization in the condensed consolidated statements of operations. As of June 30, 2025, the future expected amortization expense for intangible assets is as follows:
(In thousands) |  |
Remainder of FY 2026 | $ | 436 |
FY 2027 |  | 582 |
FY 2028 |  | 582 |
FY 2029 |  | 582 |
FY 2030 |  | 178 |
Thereafter |  | 214 |
Total | $ | 2,574 |

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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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