Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Summary of cash, cash equivalents, and restricted cash

The following table shows components of cash, cash equivalents, and restricted cash reported on the consolidated balance sheets and in the consolidated statements of cash flows as of and for the years then ended:

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Cash and cash equivalents

 

$

47,196

 

 

$

109,256

 

Restricted cash included in Other long-term assets

 

 

373

 

 

 

389

 

 

 

$

47,569

 

 

$

109,645

 

Summary of customers whose revenue and accounts receivable balances

The Company has a concentration of contractual revenue arrangements with various government agencies. The Company had the following customers whose revenue and accounts receivable balances individually represented 10% or more of the Company’s total revenue and/or accounts receivable:

 

 

 

Year Ended December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

Revenue

 

 

Revenue

 

 

Accounts
Receivable

 

 

Accounts
Receivable

 

Customer A

 

 

11

%

 

 

27

%

 

 

16

%

 

 

29

%

Customer B

 

 

19

%

 

 

16

%

 

*

 

 

*

 

Customer C

 

*

 

 

 

10

%

 

*

 

 

 

12

%

* Revenue and/or accounts receivable from these customers were less than 10% of total revenue and/or accounts receivable during the year.

Schedule of estimated useful lives of depreciable assets

Depreciation and amortization are computed utilizing the straight-line method over the estimated useful lives of depreciable assets in the table below. Leasehold improvements are amortized using the straight-line method over the lesser of the life of the asset or the remaining life of the lease.

 

 

 

Years

Furniture and fixtures

 

7

Machinery and equipment

 

5

In-service ground stations

 

4-10

Computer software and website development

 

3

Computer equipment

 

3

Capitalized satellite launch costs and in-service satellites

 

2-3