XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (16,280,000) $ (23,971,000) $ (31,410,000)
Adjustments to reconcile net loss to net cash used by operating activities      
Depreciation and amortization   535,000 2,398,000
Non-cash compensation expense attributable to stock awards 8,600,000 6,516,000 10,573,000
Deferred income taxes   298,000 156,000
Net loss from disposal of intangible assets (829,000)   3,849,000
(Gain)/loss on disposal of long-lived assets, net (5,000) 19,000 (6,000)
Impairment of long-lived assets 0 127,000 29,000
Loss/(income) on equity method investment 12,000   16,000
Changes in operating assets and liabilities      
Accounts receivable   4,000 2,000
Prepaid expenses and other assets   701,000 (163,000)
Right of use assets   578,000 841,000
Accounts payable and accrued expenses   (1,572,000) 505,000
Due to related parties   (32,000) 4,000
Restructuring reserve     (547,000)
Operating lease liabilities   (735,000) (961,000)
Deferred revenue   5,073,000 (369,000)
Other liabilities   (133,000) 342,000
Net cash used by operating activities   (12,592,000) (14,741,000)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of intangible assets, including refundable deposits   (11,866,000) (7,829,000)
Purchases of equipment   (209,000) (205,000)
Net cash used by investing activities   (12,075,000) (8,034,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from stock option exercises   9,304,000 1,532,000
Payments of withholding tax on net issuance of restricted stock   (1,308,000)  
Net cash provided by financing activities   7,996,000 1,532,000
Net change in cash and cash equivalents   (16,671,000) (21,243,000)
CASH AND CASH EQUIVALENTS      
Beginning of the period   117,538,000 137,453,000
End of the period $ 116,210,000 100,866,000 116,210,000
Cash paid during the period:      
Taxes paid   7,000 33,000
Non-cash investing activity:      
Network equipment provided in exchange for wireless licenses   $ 53,000 23,000
Non-cash financing activities:      
Equity payment of prior year accrued employee related expenses     $ 1,537,000