Spire Global, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

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