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Segment Information (Tables)
3 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Reported Segment Revenue, Segment Operating Income (Loss), and Significant Segment Expenses


 

Telecommunications

 

For the Three Months Ended June 30,

 

 2025 ($ in thousands)

 

 

2025

 

 

 

2024

 

Telecommunications Segment Revenue

 

 

 

 

 

 

Wireless internet services

 

$

1,672

 

 

$

319

 

Fiber internet services

 

 

930

 

 

 

106

 

Other revenue

 

 

432

 

 

 

64

 

Total revenue

 

 

3,034

 

 

 

489

 

Operating expenses

 

 

 

 

 

 

Salary and wages

 

 

 

 

 

 

General and administrative

 

 

1,227

 

 

 

831

 

Depreciation and amortization

 

 

572

 

 

 

80

 

Plant specific operations

 

 

427

 

 

 

74

 

Plant nonspecific operations

 

 

227

 

 

 

38

 

Cost of other revenue (exclusive of depreciation shown separately)

 

 

176

 

 

 

36

 

Cost of wireless and fiber internet services (exclusive of depreciation shown separately)

 

 

196

 

 

 

30

 

Marketing

 

 

144

 

 

 

0

 

Total segment operating expenses

 

 

2,969

 

 

 

1,089

 

 

 

 

 

 

 

 

Telecommunications segment operating income (loss)

 

 

65

 

 

 

(600

)

 

 

 

 

 

 

 

Other segment items1

 

 

28

 

 

 

-

 

 

 

 

 

 

 

 

Segment income (loss) before income taxes and discontinued operations

 

 

93

 

 

 

(600

)

 

 

 

 

 

 

 

Reconciliation to consolidated net loss before income taxes and discontinued operations:

 

 

 

 

 

 

Corporate overhead and other income

 

 

 

 

 

 

General and administrative

 

 

(1,006

)

 

 

(2,960

)

Marketing

 

 

(9

)

 

 

-

 

Depreciation and amortization

 

 

(36

)

 

 

(11

)

Interest income, net

 

 

219

 

 

 

411

 

Emigration tax (expense)

 

 

-

 

 

 

(1,711

)

(Loss) on dissenting shareholders' liability

 

 

-

 

 

 

(829

)

 

 

 

 

 

 

 

Consolidated net loss before income taxes and discontinued operations

 

$

(739

)

 

$

(5,700

)

 

 

 

 

 

 

 

 

1 Other segment items included in Segment operating loss include interest expense, gain on the sale of assets, and other income.

Schedule of Segment Reporting Information, Assets by Segment

Assets by segment as of June 30, 2025 and March 31, 2025 are as follows:

 


 

 

 

June 30,

 

 

March 31,

 

 ($ in thousands)

 

2025

 

 

2025

 

Telecommunications operating segment assets

 

$

55,726

 

 

$

53,994

 

Corporate assets

 

 

23,199

 

 

 

23,678

 

Total Assets

 

$

78,925

 

 

$

77,672