Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Components (Tables)

v3.23.2
Balance Sheet Components (Tables)
6 Months Ended
Jun. 30, 2023
Balance Sheet Components [Abstract]  
Schedule of Other Current Assets

Other current assets consisted of the following:

 

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Technology and other prepaid contracts

 

$

5,138

 

 

$

4,695

 

Prepaid insurance

 

 

787

 

 

 

2,594

 

Deferred contract costs

 

 

440

 

 

 

439

 

Other receivables

 

 

1,085

 

 

 

1,123

 

Other current assets

 

 

726

 

 

 

428

 

 

$

8,176

 

 

$

9,279

 

 

Schedule of Property and Equipment, Net

Property and equipment, net consisted of the following:

 

 

 

June 30,

 

 

December 31,

 

 

2023

 

 

2022

 

Satellites in-service

 

$

51,432

 

 

$

49,889

 

Internally developed software

 

 

2,135

 

 

 

2,119

 

Ground stations in-service

 

 

3,367

 

 

 

3,369

 

Leasehold improvements

 

 

4,444

 

 

 

4,175

 

Machinery and equipment

 

 

4,413

 

 

 

3,585

 

Computer equipment

 

 

1,976

 

 

 

1,985

 

Computer software and website development

 

 

99

 

 

 

99

 

Furniture and fixtures

 

 

1,262

 

 

 

1,156

 

 

 

69,128

 

 

 

66,377

 

Less: Accumulated depreciation and amortization

 

 

(33,248

)

 

 

(32,974

)

 

 

35,880

 

 

 

33,403

 

Satellite, launch and ground station work in progress

 

 

24,318

 

 

 

15,364

 

Finished satellites not in-service

 

 

2,766

 

 

 

4,985

 

Property and equipment, net

 

$

62,964

 

 

$

53,752

 

Schedule of Other Accrued expenses

Other accrued expenses consisted of the following:

 

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Professional services

 

$

1,454

 

 

$

1,198

 

Operating lease liabilities, current

 

 

2,852

 

 

 

2,333

 

Third-party operating costs

 

 

1,046

 

 

 

1,541

 

Corporate and sales tax

 

 

836

 

 

 

542

 

Accrued interest

 

 

810

 

 

 

765

 

Software

 

 

647

 

 

 

580

 

Other

 

 

1,672

 

 

 

1,251

 

 

 

$

9,317

 

 

$

8,210