XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.25.3

Note 14 - Segment Information | 6 Months Ended
--- | ---
Sep. 30, 2025
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | Note 14. Segment Information Segment Information - The Company’s CODM has been identified as the Chief Executive Officer, who reviews the operating results and financial metrics for the Company to make decisions about allocating resources and assessing financial performance. The Company has one segment manager who reports directly to the CODM. The Company operates as one operating segment, Telecommunications, which provides broadband internet, voice over internet protocol (VOIP), and video services within service areas located primarily in Northwest and North Central Ohio. Customers include residential clients and commercial clients. In previous years, the Company had a consumer finance segment, however, this is now reported within discontinued operations for the periods presented (refer to Note 13 for further details). The CODM uses segment operating income (loss) and assets to assess performance and allocate resources at the Telecommunications operating segment, which excludes corporate and discontinued operations of the Company. We define operating income (loss) as revenues less operating expenses. Operating expenses include cost of wireless and fiber internet services, cost of other revenue (exclusive of depreciation shown separately), plant specific and nonspecific operations expenses, general and administrative expenses, and depreciation and amortization expenses. Costs incurred at corporate generally include legal, salary and wages for the executive management team, professional fees for services received, human resources, finance, and taxes. The accounting policies of the Company’s segment are the same as those described in the summary of significant accounting policies. Reported segment revenue, segment operating income (loss), and significant segment expenses for the six months ended September 30, 2025 and 2024 are as follows:
Telecommunications |  | For the Three Months Ended September 30, |  |  | For the Six Months Ended September 30, |
2025 ($ in thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Telecommunications Segment Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless internet services |  | $ | 1,666 |  |  | $ | 1,764 |  |  | $ | 3,338 |  |  | $ | 2,083 |
Fiber internet services |  |  | 1,016 |  |  |  | 773 |  |  |  | 1,946 |  |  |  | 879 |
Other revenue |  |  | 477 |  |  |  | 421 |  |  |  | 909 |  |  |  | 485 |
Total revenue |  |  | 3,159 |  |  |  | 2,958 |  |  |  | 6,193 |  |  |  | 3,447 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative |  |  | 1,252 |  |  |  | 1,134 |  |  |  | 2,479 |  |  |  | 1,965 |
Depreciation and amortization |  |  | 829 |  |  |  | 465 |  |  |  | 1,401 |  |  |  | 545 |
Plant specific operations |  |  | 363 |  |  |  | 324 |  |  |  | 790 |  |  |  | 398 |
Plant nonspecific operations |  |  | 247 |  |  |  | 227 |  |  |  | 474 |  |  |  | 265 |
Cost of other revenue (exclusive of depreciation shown separately) |  |  | 177 |  |  |  | 209 |  |  |  | 353 |  |  |  | 245 |
Cost of wireless and fiber internet services (exclusive of depreciation shown separately) |  |  | 175 |  |  |  | 157 |  |  |  | 371 |  |  |  | 187 |
Advertising and marketing |  |  | 85 |  |  |  | - |  |  |  | 229 |  |  |  | - |
Total segment operating expenses |  |  | 3,128 |  |  |  | 2,516 |  |  |  | 6,097 |  |  |  | 3,605 |
Telecommunications segment operating income (loss) |  |  | 31 |  |  |  | 442 |  |  |  | 96 |  |  |  | (158 | )
Total other segment (expense) income1 |  |  | (1 | ) |  |  | 30 |  |  |  | 27 |  |  |  | 30 |
Segment income (loss) before income taxes and discontinued operations |  |  | 30 |  |  |  | 472 |  |  |  | 123 |  |  |  | (128 | )
Reconciliation to consolidated net loss before income taxes and discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate overhead and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative |  |  | (956 | ) |  |  | (1,677 | ) |  |  | (1,962 | ) |  |  | (4,637 | )
Advertising & marketing |  |  | (4 | ) |  |  | (12 | ) |  |  | (13 | ) |  |  | (12 | )
Depreciation and amortization |  |  | (35 | ) |  |  | (16 | ) |  |  | (71 | ) |  |  | (27 | )
Interest income, net |  |  | 176 |  |  |  | 395 |  |  |  | 395 |  |  |  | 806 |
Emigration tax (expense) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,711 | )
(Loss) on dissenting shareholders' liability |  |  | - |  |  |  | (274 | ) |  |  | - |  |  |  | (1,103 | )
Other income |  |  | - |  |  |  | 10 |  |  |  | - |  |  |  | 10 |
Consolidated net loss before income taxes and discontinued operations |  | $ | (789 | ) |  | $ | (1,102 | ) |  | $ | (1,528 | ) |  | $ | (6,802 | )
1 Other segment items included in Segment operating loss include interest expense, gain on the sale of assets, and other income. Assets by segment as of September 30, 2025 and March 31, 2025 are as follows:
|  | September 30, |  |  | March 31, |
($ in thousands) |  | 2025 |  |  | 2025 |
Telecommunications operating segment assets |  | $ | 62,944 |  |  | $ | 53,994 |
Corporate assets |  |  | 18,124 |  |  |  | 23,678 |
Total Assets |  | $ | 81,068 |  |  | $ | 77,672 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration