Quarterly report [Sections 13 or 15(d)]

Balance Sheet Components (As Restated) (Tables)

v3.25.0.1
Balance Sheet Components (As Restated) (Tables)
3 Months Ended
Mar. 31, 2024
Balance Sheet Components [Abstract]  
Schedule of Other Current Assets

Other current assets consisted of the following:

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(As Restated)

 

 

 

 

Technology and other prepaid contracts

 

$

2,536

 

 

$

9,874

 

Notes receivable

 

 

3,344

 

 

 

3,344

 

Prepaid insurance

 

 

956

 

 

 

1,476

 

Deferred contract costs

 

 

541

 

 

 

487

 

Other receivables

 

 

1,520

 

 

 

1,238

 

Other

 

 

228

 

 

 

429

 

Other current assets

 

$

9,125

 

 

$

16,848

 

Schedule of Property and Equipment, Net

Property and equipment, net consisted of the following:

 

 

March 31,

 

 

December 31,

 

 

2024

 

 

2023

 

 

 

(As Restated)

 

 

 

 

Satellites in-service

 

$

53,496

 

 

$

59,751

 

Internally developed software

 

 

2,135

 

 

 

2,138

 

Ground stations in-service

 

 

4,440

 

 

 

4,444

 

Leasehold improvements

 

 

4,069

 

 

 

5,800

 

Machinery and equipment

 

 

5,794

 

 

 

4,787

 

Computer equipment

 

 

1,833

 

 

 

1,908

 

Computer software and website development

 

 

99

 

 

 

99

 

Furniture and fixtures

 

 

1,329

 

 

 

1,336

 

 

 

73,195

 

 

 

80,263

 

Less: Accumulated depreciation and amortization

 

 

(37,219

)

 

 

(36,326

)

 

 

35,976

 

 

 

43,937

 

Satellite, launch and ground station work in progress

 

 

21,628

 

 

 

16,483

 

Finished satellites not yet placed in-service

 

 

1,996

 

 

 

26

 

Property and equipment, net

 

$

59,600

 

 

$

60,446

 

Schedule of Other Accrued expenses

Other accrued expenses consisted of the following:

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(As Restated)

 

 

 

 

Operating lease liabilities, current

 

$

3,425

 

 

$

3,506

 

Warrant liability, current

 

 

1,917

 

 

 

 

Professional services

 

 

1,359

 

 

 

913

 

Third-party operating costs

 

 

683

 

 

 

1,088

 

Corporate and sales tax

 

 

545

 

 

 

285

 

Accrued interest

 

 

911

 

 

 

853

 

Software

 

 

571

 

 

 

754

 

Other

 

 

1,714

 

 

 

927

 

Other accrued expenses

 

$

11,125

 

 

$

8,326