Supplemental Disclosure of Cash Flow Information

12 Months Ended

Mar. 31, 2024

Supplemental Cash Flow Elements [Abstract]

Supplemental Disclosure of Cash Flow Information

The following table summarizes the Company’s supplemental cash flow information:


	For the years ended March 31,
(in thousands)	2024		2023
Cash paid during the period:
Taxes paid	$	70	$	14
Operating lease	2,316		2,217
Non-cash investing activity:
Capitalized change in estimated asset retirement obligations	$	89	$	(6)


Network equipment provided in exchange for wireless licenses	616		36
Deferred gain on sale of intangible assets	4,911		—
Derecognition of contingent liability related to sale of intangible assets	19,249		—
Rights of use asset for new leases	645		165
Rights of use asset for modifications and renewals	1,928		—

During the year ended March 31, 2024, the Company was granted by the FCC, broadband licenses for 28 counties and relinquished to the FCC its narrowband licenses for the same 28 counties. This transaction resulted in a non-cash increase to intangibles of $35.0 million, which has been recorded as a non-cash gain on disposal of intangible assets of $35.0 million, for the year ended March 31, 2024. See Note 6 Intangible Assets for further discussion on the license exchanges.

During the year ended March 31, 2023, the Company was granted by the FCC, broadband licenses for 84 counties and relinquished to the FCC its narrowband licenses for the same 84 counties. This transaction resulted in a non-cash increase to intangibles of $38.4 million, which has been recorded as a non-cash gain on disposal of intangible assets of $38.4 million, for the year ended March 31, 2023. See Note 6 Intangible Assets for further discussion on the license exchanges.