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

Restatement of Quarterly Financial Information (Unaudited) - Condensed Consolidated Statements of Cash Flows (Parenthetical) (Details)

v3.25.0.1
Restatement of Quarterly Financial Information (Unaudited) - Condensed Consolidated Statements of Cash Flows (Parenthetical) (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Quarterly Financial Data Item [Line Item]                  
Other, net             $ 505 $ 38  
Change in contract assets             1,647 713  
Other current assets             (9,803) 2,459  
Change in contract liabilities             13,693 16,618  
Other accrued expense             1,116 (1,103)  
Purchase of property and equipment             (17,352) (20,994)  
Decrease in cash and cash equivalents             29,633 47,569 $ 109,645
Effect of foreign currency translation on cash, cash equivalent and restricted cash             (568) 1,199  
Space Services and R&D Services Contracts                  
Quarterly Financial Data Item [Line Item]                  
Decrease in customer Deposits             86    
Purchase of property and equipment               (2,079)  
Restatement Adjustments                  
Quarterly Financial Data Item [Line Item]                  
Other, net $ (240) $ (19) $ (8) $ (8) $ (78) $ (45) (215) [1] (39) [1]  
Change in contract assets 68 687 199 1,033 801 163 816 [2] 651 [2]  
Other current assets 805   1,917   7,219   (6,557) [3] 2,135 [3]  
Prepaid launch cost     1,274   5,985   7,586    
Advances for fixed assets     643   1,234   190    
Change in contract liabilities 895 1,653 819 3,968 4,014 6,712 7,341 [4] 8,842 [4]  
Customer deposit reclassified from other accrued expense 172   168 165 752 159      
Other accrued expense   $ (26)   $ (4)   3 468 [5] (91) [5]  
Purchase of property and equipment 1,436   6,024   (11,701) $ 39 12,685 [6] (2,079) [6]  
Decrease In Build Customer Controlled Satellites Expense 611   4,101   (4,646)   4,834 (47)  
Decrease in prepaid launch cost     1,275   5,985   (7,585)    
Contribution of property 825   648   (1,070)   (266)    
Decrease in cash and cash equivalents     59   52   (8) 0  
Effect of foreign currency translation on cash, cash equivalent and restricted cash     59   52   (8) [7] $ 0 [7]  
Adjustment for franchise tax accrual             382    
Restatement Adjustments | Space Services and R&D Services Contracts                  
Quarterly Financial Data Item [Line Item]                  
Change in contract liabilities         3,838   7,255    
Customer deposit reclassified from other accrued expense         176   $ 86    
Restatement Adjustments | Delaware Franchise Tax                  
Quarterly Financial Data Item [Line Item]                  
Other accrued expense $ (372)   $ (407)   (589)        
Decrease in customer Deposits         176        
Adjustment for franchise tax accrual         $ 413        
[1] The $215 and $39 adjustments to change in other, net for the year ended December 31, 2023 and December 31, 2022, respectively, represents the changes in deferred income tax liabilities related to the impact to income tax provision as a result of the revenue adjustments.
[2] The $816 and $651 adjustments to change in contract assets for the years ended December 31, 2023 and December 31, 2022, respectively, are related to the impact to current and non-current balances of contract assets for the correction of revenue recognition for Space Services and R&D Services Contracts.
[3] Adjustments to change in other current assets:
a.
The $6,557 additional increase in other current assets for the year ended December 31, 2023 resulted from an increase of $7,585 from prepaid launch costs for customer-controlled satellites being reclassified from property and equipment to other current assets and an increase of $190 from net change in advances for fixed assets balance reclassified to property and equipment, partially offset by a decrease of $1,218 from allowance for current expected credit loss related to a note receivable issued to a customer recorded in other current assets.
b.
The $2,135 additional decrease in other current assets as of December 31, 2022, is related to net change in fixed assets advances reclassified from other current assets into property and equipment.
[4] Adjustments to change in contract liabilities:
a.
The $7,341 adjustment to change in contract liabilities for the year ended December 31, 2023 resulted from a $7,255 impact to current and non-current balances of contract liabilities from the correction of revenue recognition for Space Services and R&D Services Contracts and the $86 change in customer deposit balance reclassified from other accrued expense to contract liability, non-current.
b.
The $8,842 adjustment to change in contract liabilities for the year ended December 31, 2022 is related to the impact to current and non-current balances of contract liabilities from the correction of revenue recognition for Space Services and R&D Services Contracts.
[5] The $468 adjustment to change in other accrued expense for the year ended December 31, 2023 resulted from a decrease of $382 for the Delaware franchise tax accrual and a decrease of $86 for change in customer deposit balances reclassified from other accrued expense to non-current contract liability. The $91 increase in other accrued expense for the year ended December 31, 2022 is related to the Delaware franchise tax accrual.
[6] Adjustments to purchase of property and equipment:
a.
The $12,685 decrease in purchase of property and equipment for the year ended December 31, 2023 resulted from a decrease of $7,585 from prepaid launch costs for the customer-controlled satellites being reclassified into other current assets rather than capitalized into the Company's property and equipment, a decrease of $4,834 from costs incurred to design/build the customer-controlled satellites being expensed rather than capitalized into the Company's property and equipment, and a decrease of $266 from noncash addition to property and equipment from the prior period advances that was incorrectly reflected as current period’s cash purchase.
b.
The $2,079 increase in purchase of property and equipment for the year ended December 31, 2022 resulted from an increase of $2,126 from advances paid for fixed assets that have been reclassified to property and equipment from other current assets, partially offset by a decrease of $47 from costs incurred to design/build the customer-controlled satellites being expensed rather than capitalized into the Company's property and equipment.
[7] The $8 decrease in cash and cash equivalents as of December 31, 2023 is related to the cash remeasurement adjustment for cash balances from certain foreign subsidiaries, which resulted in an $8 change in effect of foreign currency translation on cash, cash equivalents and restricted cash for the fiscal year ended December 31, 2023.