| Other Balance Sheet Components |
6.Other Balance Sheet Components
Other current assets consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
2022 |
|
|
2021 |
|
Technology and other prepaid contracts |
|
$ |
4,695 |
|
|
$ |
744 |
|
Prepaid insurance |
|
|
2,594 |
|
|
|
4,430 |
|
Deferred contract costs |
|
|
439 |
|
|
|
885 |
|
Other receivables |
|
|
1,123 |
|
|
|
1,396 |
|
Other current assets |
|
|
428 |
|
|
|
2,616 |
|
|
|
$ |
9,279 |
|
|
$ |
10,071 |
|
Property and equipment, net consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
2022 |
|
|
2021 |
|
Satellites in-service |
|
$ |
49,889 |
|
|
$ |
51,368 |
|
Internally developed software |
|
|
2,119 |
|
|
|
2,160 |
|
Ground stations in-service |
|
|
3,369 |
|
|
|
2,200 |
|
Leasehold improvements |
|
|
4,175 |
|
|
|
1,754 |
|
Machinery and equipment |
|
|
3,585 |
|
|
|
2,761 |
|
Computer equipment |
|
|
1,985 |
|
|
|
2,168 |
|
Computer software and website development |
|
|
99 |
|
|
|
472 |
|
Furniture and fixtures |
|
|
1,156 |
|
|
|
1,167 |
|
|
|
|
66,377 |
|
|
|
64,050 |
|
Less: Accumulated depreciation and amortization |
|
|
(32,974 |
) |
|
|
(30,120 |
) |
|
|
|
33,403 |
|
|
|
33,930 |
|
Satellite, launch and ground station work in progress |
|
|
15,364 |
|
|
|
11,478 |
|
Finished satellites not in-service |
|
|
4,985 |
|
|
|
3,296 |
|
Property and equipment, net |
|
$ |
53,752 |
|
|
$ |
48,704 |
|
Depreciation and amortization expense related to property and equipment for the years ended December 31, 2022 and 2021, was $11,771 and $8,509, respectively. For the year ended December 31, 2022 there was a $549 loss from decommissioned satellites.
Other accrued expenses consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
2022 |
|
|
2021 |
|
Professional services |
|
$ |
1,198 |
|
|
$ |
1,164 |
|
Operating lease liabilities, current |
|
|
2,333 |
|
|
|
- |
|
Third-party operating costs |
|
|
1,541 |
|
|
|
900 |
|
Corporate and sales tax |
|
|
542 |
|
|
|
195 |
|
Accrued interest |
|
|
765 |
|
|
|
276 |
|
Software |
|
|
580 |
|
|
|
1,036 |
|
Other |
|
|
1,251 |
|
|
|
1,252 |
|
|
|
$ |
8,210 |
|
|
$ |
4,823 |
|
|