Annual report pursuant to Section 13 and 15(d)

Other Balance Sheet Components

v3.24.0.1
Other Balance Sheet Components
12 Months Ended
Dec. 31, 2023
Balance Sheet Components [Abstract]  
Other Balance Sheet Components
4.
Other Balance Sheet Components

Other current assets consisted of the following:

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Technology and other prepaid contracts

 

$

4,149

 

 

$

4,695

 

Notes receivable

 

 

4,500

 

 

$

 

Prepaid insurance

 

 

1,476

 

 

 

2,594

 

Deferred contract costs

 

 

487

 

 

 

439

 

Other receivables

 

 

1,237

 

 

 

1,123

 

Other

 

 

491

 

 

 

428

 

Other current assets

 

$

12,340

 

 

$

9,279

 

Property and equipment, net consisted of the following:

 

 

 

December 31,

 

 

2023

 

 

2022

 

Satellites in-service

 

$

59,751

 

 

$

49,889

 

Internally developed software

 

 

2,138

 

 

 

2,119

 

Ground stations in-service

 

 

4,444

 

 

 

3,369

 

Leasehold improvements

 

 

5,800

 

 

 

4,175

 

Machinery and equipment

 

 

4,787

 

 

 

3,585

 

Computer equipment

 

 

1,908

 

 

 

1,985

 

Computer software and website development

 

 

99

 

 

 

99

 

Furniture and fixtures

 

 

1,336

 

 

 

1,156

 

 

 

80,263

 

 

 

66,377

 

Less: Accumulated depreciation and amortization

 

 

(36,326

)

 

 

(32,974

)

 

 

43,937

 

 

 

33,403

 

Satellite, launch and ground station work in progress

 

 

22,208

 

 

 

15,364

 

Finished satellites not yet placed in-service

 

 

5,064

 

 

 

4,985

 

Property and equipment, net

 

$

71,209

 

 

$

53,752

 

Depreciation and amortization expense related to property and equipment for the years ended December 31, 2023 and 2022 was $14,711 and $11,771, respectively. For the years ended December 31, 2023 and 2022 there was a loss from decommissioned satellites $747 and $549, respectively.

Other accrued expenses consisted of the following:

 

 

December 31,

 

 

 

2023

 

 

2022

 

Operating lease liabilities, current

 

$

3,506

 

 

$

2,333

 

Professional services

 

 

913

 

 

 

1,198

 

Third-party operating costs

 

 

1,088

 

 

 

1,541

 

Corporate and sales tax

 

 

245

 

 

 

542

 

Accrued interest

 

 

853

 

 

 

765

 

Software

 

 

754

 

 

 

580

 

Other

 

 

1,181

 

 

 

1,251

 

Other accrued expenses

 

$

8,540

 

 

$

8,210