Supplemental Disclosure of Cash Flow Information

6 Months Ended

Sep. 30, 2015

Supplemental Disclosure of Cash Flow Information [Abstract]

Supplemental Disclosure of Cash Flow Information

8.      Supplemental Disclosure of Cash Flow Information

The Company paid in cash $800 in taxes and did not make any payments for interest during the six months ended September 30, 2015.

During the six months ended September 30, 2015, the Company exchanged wireless licenses valued at $1,358,000 with a third party (see Note 4).

During the six months ended September 30, 2014, the Company entered into the following non-cash investing and financing activities:

· Pursuant to the terms of an asset purchase agreement between the Company and Sprint Corporation (“Sprint”), the Company issued 500,000 shares of its common stock, valued at $10.0 million, as part of the consideration it paid to purchase certain 900 MHz spectrum licenses and related assets from Sprint in September 2014.

· The Company repaid its outstanding working capital line of $1,300,000 in exchange for 65,000 shares of common stock.

· The Company converted $1,016,956 in principal and $537,924 of accrued interest for certain outstanding Redeemable Notes into 77,733 shares of common stock.