Note 8 - Goodwill and Intangible Assets

6 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note 8. Goodwill and Intangible Assets

The acquired goodwill represents the value of combining operations of Amplex and the Company.

The change in the carrying amount of goodwill for the six months ended September 30, 2025 was as follows:

(In thousands)	Net Carrying Amount as of March 31, 2025		Additions		Impairment		Net Carrying Amount as of September 30, 2025
Goodwill	$	12,280	$	-	$	-		12,280
	$	12,280	$	-	$	-	$	12,280

The changes in intangible assets for the six months ended September 30, 2025 consists of the following:

(In thousands)	Weighted Average Remaining Amortization Period (Years)		Net Carrying Amount as of March 31, 2025		Additions		Impairment		Amortization			Net Carrying Amount as of September 30, 2025
Definite lived intangible assets:
Subscriber relationships		3.74	$	2,234	$	-	$	-	$	(247	)	$	1,987
Trade name		8.67		467		-		-		(25	)		442
				2,701		-		-		(272	)		2,429
Indefinite lived intangible assets:
IP Addresses		N/A		392		-		-		-			392
FCC Spectrum license		N/A		580		-		-		-			580
				972		-		-		-			972
			$	3,673	$	-	$	-	$	(272	)	$	3,401

Amortization expense totaled $145 thousand and $272 thousand for the three and six months ended September 30, 2025, respectively. Amortization expense totaled $178 thousand and $208 thousand for the three and six months ended September 30, 2024, respectively. Amortization expense is included in depreciation and amortization in the condensed consolidated statements of operations.

As of September 30, 2025, the future expected amortization expense for intangible assets is as follows:

(In thousands)
Remainder of FY 2026	$	290
FY 2027		582
FY 2028		582
FY 2029		582
FY 2030		180
Thereafter		213
Total	$	2,429