Note 17 - Other Income

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Other Income and Other Expense Disclosure [Text Block]

17. Other income:

On August 1, 2020, the Company entered into an Asset Purchase Agreement (the “Purchase Agreement”), by and between the Company and DISH Wireless L.L.C. (“DISH”). Under the Purchase Agreement and in accordance with the terms and conditions set forth therein, the Company sold to DISH its mobile customer accounts that are marketed and sold under the Ting brand (other than certain customer accounts associated with one network operator) (“Transferred Assets”). For a period of 10 years following the execution of the Purchase Agreement, DISH will pay a monthly fee to the Company generally equal to an amount of net revenue received by DISH in connection with the transferred customer accounts minus certain fees and expenses, as further set forth in the Purchase Agreement. The Company earned the amounts noted in the table below under the Purchase Agreement during the three and six months ended June 30, 2024 and June 30, 2023. 

(Dollar amounts in thousands of U.S. dollars)	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Income earned on sale of transferred assets	$	3,357	$	4,289	$	6,978	$	8,659

The following table provides additional information relating to Interest expense, net (Dollar amounts in thousands of US dollars):

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Interest expense	$	(13,229	)	$	(10,608	)	$	(26,109	)		(18,541	)
Interest income		676			107			1,677			160
Interest expense, net	$	(12,553	)	$	(10,501	)	$	(24,432	)		(18,381	)