| Balance Sheet Components |
4.Balance Sheet Components
Other current assets consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
|
|
2023 |
|
|
2022 |
|
Technology and other prepaid contracts |
|
$ |
3,897 |
|
|
$ |
4,695 |
|
Prepaid insurance |
|
|
2,198 |
|
|
|
2,594 |
|
Deferred contract costs |
|
|
479 |
|
|
|
439 |
|
Other receivables |
|
|
1,418 |
|
|
|
1,123 |
|
Other current assets |
|
|
409 |
|
|
|
428 |
|
|
|
$ |
8,401 |
|
|
$ |
9,279 |
|
Property and equipment, net consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
|
|
2023 |
|
|
2022 |
|
Satellites in-service |
|
$ |
52,705 |
|
|
$ |
49,889 |
|
Internally developed software |
|
|
2,122 |
|
|
|
2,119 |
|
Ground stations in-service |
|
|
3,366 |
|
|
|
3,369 |
|
Leasehold improvements |
|
|
5,973 |
|
|
|
4,175 |
|
Machinery and equipment |
|
|
4,736 |
|
|
|
3,585 |
|
Computer equipment |
|
|
1,991 |
|
|
|
1,985 |
|
Computer software and website development |
|
|
99 |
|
|
|
99 |
|
Furniture and fixtures |
|
|
1,290 |
|
|
|
1,156 |
|
|
|
|
72,282 |
|
|
|
66,377 |
|
Less: Accumulated depreciation and amortization |
|
|
(35,104 |
) |
|
|
(32,974 |
) |
|
|
|
37,178 |
|
|
|
33,403 |
|
Satellite, launch and ground station work in progress |
|
|
27,736 |
|
|
|
15,364 |
|
Finished satellites not in-service |
|
|
4,696 |
|
|
|
4,985 |
|
Property and equipment, net |
|
$ |
69,610 |
|
|
$ |
53,752 |
|
Depreciation and amortization expense related to property and equipment for the three and nine months ended September 30, 2023 was $2,877 and $8,997, respectively. Depreciation and amortization expense related to property and equipment for the three and nine months ended September 30, 2022 was $2,994 and $8,857, respectively.
The Company recorded a $156 and $628 loss on decommissioned satellites for the three and nine months ended September 30, 2023, respectively. There were no satellites decommissioned or impaired in the three and nine months ended September 30, 2022.
Other accrued expenses consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
|
|
2023 |
|
|
2022 |
|
Operating lease liabilities, current |
|
$ |
2,912 |
|
|
$ |
2,333 |
|
Satellite/launch/ground station material |
|
|
1,600 |
|
|
|
- |
|
Professional services |
|
|
773 |
|
|
|
1,198 |
|
Third-party operating costs |
|
|
876 |
|
|
|
1,541 |
|
Corporate and sales tax |
|
|
875 |
|
|
|
542 |
|
Accrued interest |
|
|
777 |
|
|
|
765 |
|
Software |
|
|
850 |
|
|
|
580 |
|
Other |
|
|
987 |
|
|
|
1,251 |
|
|
|
$ |
9,650 |
|
|
$ |
8,210 |
|
|