All the leases in which the Company is the lessee are comprised of corporate office space and tower space. The Company is obligated under certain lease agreements for office space with lease terms expiring on various dates from April 30, 2028 through June 30, 2030, which includes lease extensions for its corporate offices ranging from three to ten years. The Company entered into multiple lease agreements for tower space. The lease expiration dates range from July 08, 2026 to May 31, 2033.

All of the Company’s leases are classified as operating leases. Operating lease agreements are required to be recognized on the Company’s Consolidated Balance Sheets as right of use (“ROU”) assets and corresponding lease liabilities. ROU assets include any prepaid lease payments and exclude any lease incentives and initial direct costs incurred. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. The

lease terms may include options to extend or terminate the lease if it is reasonably certain that the Company will exercise that option.

Weighted-average remaining lease term and incremental borrowing rate for the Company’s operating leases are as follows:


	Three months ended June 30,
	2026	2025
Weighted average term - operating lease liabilities	3.62 years	3.83 years
Weighted average incremental borrowing rate - operating lease liabilities	8%	8%

*Total operating lease cost is included in general and administrative expenses on the Company’s Consolidated Statements of Operations.

The following table presents supplemental balance sheet information as of June 30, 2026 and March 31, 2026 (in thousands):


	June 30, 2026		March 31, 2026
Non-current assets - right of use assets, net	$	3,757	$	4,069
Current liabilities - operating lease liabilities	$	1,447	$	1,424
Non-current liabilities - operating lease liabilities	$	2,641	$	2,995

Future minimum payments under existing non-cancellable leases for office and tower spaces (exclusive of real estate tax, utilities, maintenance and other costs borne by the Company) for the remaining terms of the leases following the three months ended June 30, 2026, are as follows (in thousands):


Fiscal Year	Operating Leases
2027 (excluding the three months ended June 30, 2026)	$	1,185
2028	1,584
2029	900
2030	462
2031	405
After 2031	365
Total future minimum lease payments	4,901
Amount representing interest	(813)
Present value of net future minimum lease payments	$	4,088