Goodwill and Intangible Assets

3 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

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