Annual report [Section 13 and 15(d), not S-K Item 405]

Restatement of Previously Issued Financial Statements - Schedule of Condensed Consolidated Statements of Operations (Parenthetical) (Details)

v3.25.0.1
Restatement of Previously Issued Financial Statements - Schedule of Condensed Consolidated Statements of Operations (Parenthetical) (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Sep. 30, 2022
Jun. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Condensed Income Statements, Captions [Line Items]                              
Revenue                 $ (621)     $ (4,570)   $ (97,612) $ (70,767)
Cost of revenue                           59,024 53,626
Research and development                           (27,650) (22,073)
General and administrative                           (41,999) (44,892)
Delaware franchise tax accrual and reclassification                           389  
Other expense, net                           (748) (2,769)
Allowance for current expected credit loss on notes receivable                           1,218 0
Income tax provision                           142 (285)
Notes receivable $ 3,344       $ 0                 3,344 0
R&D Services Contracts [Member]                              
Condensed Income Statements, Captions [Line Items]                              
Reclassification of Supply Chain Department Costs                           395 167
Restatement Adjustments                              
Condensed Income Statements, Captions [Line Items]                              
Revenue 3,521 $ 5,191 $ (1,572) $ 951 2,605 $ 1,883 $ 2,692 $ 2,321     $ 5,013   $ 6,896 8,091 [1] 9,501 [1]
Cost of revenue 4,884 3,085 5,612 3,009 2,942 3,061 3,346 3,950 8,621   7,296 11,706 10,357 16,590 [2] 13,299 [2]
Research and development 4,224 2,607 2,097 2,345 2,848 3,055 3,291 3,886 4,442   7,177 7,049 10,232 11,273 [3] 13,080 [3]
Research And Development Services Contracts                           4,922  
Construction cost         52                   52
General and administrative 541 (174) 181 (53)         128     (46)   495 [4] (61) [4]
Delaware franchise tax accrual and reclassification                             85
Reclassification of Supply Chain Department Costs (248) (71) (59) (22) 77   55 64 (79)   119 (150) 91 395 167
Reclassification of state income tax   (2) (92) (451)         359     235   54 54
Reclassification of vendor dispute settlement   235                       235  
Other expense, net           (66) [5],[6] 111 [5] 101 [5]           315 [7] 143 [7]
Increase in State Income Tax Reclassification. 301 (233) 92 (451) 2       359   212 592 147 315 143
Allowance for current expected credit loss on notes receivable 1,218                         1,218  
Proceeds from sale of notes receivable 4,500                         4,500  
Foreign currency gain or loss   11 51 11           $ 1 2   2 26  
Income tax provision [8]                           214 37
Decrease in income tax provisions (90) 79 201 246 10 39 (12) 20 (45)   8 (124) 47 $ 214 37
Restatement Adjustments | R&D Services Contracts [Member]                              
Condensed Income Statements, Captions [Line Items]                              
Research and development (4,224) (2,607) (2,097) (2,345) $ (2,848) $ (3,055) $ (3,291) $ (3,886) (4,442)   $ (7,177) (7,049) $ (10,232)   $ (13,080)
Construction cost   4,507 4,100           4,100     4,507      
Reclassification of Supply Chain Department Costs $ 248 $ 71 $ 59 $ 22         $ 79     $ 150      
[1] The $8,091 and $9,501 decreases in revenue for the years ended December 31, 2023 and December 31, 2022, respectively, are related to the correction of revenue recognition for Space Services and R&D Services Contracts.
[2] Adjustments to cost of revenue:
a.
The $16,590 increase in cost of revenue for the year ended December 31, 2023 resulted from an increase of $11,273 from costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue, an increase of $4,922 from construction costs for customer-controlled satellites for one specific contract being expensed to cost of revenue rather than capitalized into property and equipment, and an increase of $395 from the reclassification of supply chain department costs from general and administrative expense to cost of revenue.
The $13,299 increase in cost of revenue for the year ended December 31, 2022 resulted from an increase of $13,080 from costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue, an increase of $167 from reclassification of supply chain department costs from general and administrative expense to cost of revenue, and an increase of $52 from costs for customer-controlled satellites for one specific contract that are expensed as cost of revenue rather than capitalized into property and equipment.
[3] The $11,273 and $13,080 decreases in research and development expense for the years ended December 31, 2023 and December 31, 2022, respectively, are related to costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue.
[4] Adjustments to general and administrative expense:
a.
The $495 decrease in general and administrative expense for the year ended December 31, 2023 resulted from a decrease of $395 of supply chain department costs reclassified to cost of revenue and a decrease of $389 from the Delaware franchise tax accrual and reclassification, partially offset by increases of $235 and $54 for the reclassification of vendor dispute settlement and other state taxes, respectively, from other expense, net.
b.
The increase of $61 in general and administrative expense for the year ended December 31, 2022 resulted from an increase of $143 for other state taxes reclassification from other expense, net and an increase of $85 for Delaware
franchise tax accrual and reclassification, partially offset by a decrease of $167 for the reclassification of supply chain department costs from general and administrative expense to cost of revenue.
[5] Adjustments to other expense, net:
a.
The $101 decrease in other expense, net for the three months ended March 31, 2022 resulted from a decrease of $128 from the other state tax reclassified to general and administrative expense, partially offset by an increase of $27 related to foreign currency gain or loss impact of the revenue and cash remeasurement adjustment.
b.
The $111 decrease in other expense, net for the three months ended June 30, 2022 resulted from a decrease of $86 from the other state tax reclassified to general and administrative expense and a decrease of $25 related to foreign currency gain or loss impact of the revenue and cash remeasurement adjustment.
c.
The $66 increase in other expense, net for the three months ended September 30, 2022 is related to the other state tax reclassification to general and administrative expense.
[6] The $20 decrease, $12 increase and $39 decrease in income tax provisions for the three months ended March 31, 2022, June 30, 2022 and September 30, 2022, respectively, are related to the impact to income tax provision as a result of the revenue adjustments.
[7] Adjustments to other expense, net:
a.
The $315 decrease in other expense, net for the year ended December 31, 2023 resulted from a decrease of $235 for the vendor dispute settlement reclassified to general and administrative expense, a decrease of $54 from the other state taxes reclassified to general and administrative expense, and a decrease of $26 related to foreign currency gain or loss impact of the revenue and cash remeasurement adjustment.
b.
The $143 decrease in other expense, net for the year ended December 31, 2022 is related to the reclassification of other state taxes to general and administrative expense.
[8] The $214 and $37 decreases in income tax provisions for the year ended December 31, 2023 and December 31, 2022, respectively, are related to the impact to income tax provision as a result of the revenue adjustments.