v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 90,635 $ (11,372)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 464 548
Stock compensation expense 11,491 13,531
Deferred income taxes (283) 325
Right of use assets 760 1,657
Gain on exchange of intangible assets, net (105,419) (22,799)
Gain on sale of intangible assets, net (34,780) (18,294)
Loss from disposal of long-lived assets, net 44 3
Changes in operating assets and liabilities    
Non-trade receivable 2,926 (2,926)
Prepaid expenses and other assets (738) 1,126
Accounts payable and other accrued expenses (1,707) 550
Accrued severance and other related charges 545 2,265
Due to related parties (30) 30
Operating lease liabilities (971) (1,960)
Contingent liability 6,195 5,999
Deferred revenue 36,506 2,460
Other liabilities (127) (406)
Net cash provided by (used in) operating activities 5,511 (29,263)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of intangible assets and other related costs (27,172) (18,095)
Proceeds from sale of spectrum 67,737 40,935
Purchases of equipment (31) (87)
Net cash provided by investing activities 40,534 22,753
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 5,354 3,651
Repurchases of common stock (990) (8,398)
Payments of withholding tax on net issuance of restricted stock (770) (1,843)
Net cash provided by (used in) financing activities 3,594 (6,590)
Net change in cash and cash equivalents and restricted cash 49,639 (13,100)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents and restricted cash at beginning of the year 55,024 68,124
Cash and cash equivalents and restricted cash at end of the year $ 104,663 $ 55,024