Quarterly report [Sections 13 or 15(d)]

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

v3.25.0.1
Restatement of Quarterly Financial Information - Condensed Consolidated Statements of Cash Flows (Parenthetical) (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Other, net $ (232) $ (526)
Contract assets 812 (345)
Other current assets 8,660 (7,396)
Contract liabilities 452 10,991
Other accrued expenses 2,892 (1,125)
Purchase of property and equipment (21,491) (11,993)
Ending balance $ 29,570 30,355
Restatement Adjustments [Member]    
Other, net [1]   78
Contract assets [2]   801
Other current assets [3]   (7,219)
Advances to Affiliate   1,234
Accrued Liabilities   176
Contract liabilities [4]   4,014
Other accrued expenses [5]   (589)
Purchase of property and equipment [6]   11,701
Ending balance   (52)
Restatement Adjustments [Member] | Property, Plant and Equipment [Member]    
Noncash Addition to Property and Equipment   1,070
Costs Incurred   4,646
Restatement Adjustments [Member] | Other Current Assets [Member]    
Prepaid Launch Cost   5,985
Restatement Adjustments [Member] | Space Services and R&D Services Contracts [Member]    
Contract liabilities   3,838
Restatement Adjustments [Member] | Delaware Franchise Tax [Member]    
Accrued Liabilities   176
Other accrued expenses   413
As Restated [Member]    
Other, net [1]   526
Contract assets [2]   (345)
Other current assets [3]   (7,396)
Contract liabilities [4]   10,991
Other accrued expenses [5]   (1,125)
Purchase of property and equipment [6]   (11,993)
Ending balance   $ 30,355
[1] The $78 adjustment to change in other, net for the nine months ended September 30, 2023 represents the change in deferred income tax liabilities related to the impact to income tax provision as a result of the revenue adjustments.
[2] The $801 adjustment to change in contract assets for the nine months ended September 30, 2023 is related to the impact to short-term and long-term balances of contract assets from the correction of revenue recognition for Space Services and R&D Services Contracts.
[3] The $7,219 adjustment to other current assets for the nine months ended September 30, 2023 resulted from an increase of $5,985 in prepaid launch costs for customer-controlled satellites for one specific contract that is capitalized into other current assets instead of property and equipment, and an increase of $1,234 of net change in advances for fixed assets that were reclassified out of other current assets into property and equipment.
[4] The $4,014 adjustment to change in contract liabilities for the nine months ended September 30, 2023 resulted from a $3,838 impact in contract liabilities from the correction of revenue recognition for Space Services and R&D Services Contracts and $176 from a customer deposit balance reclassified from other accrued expense to contract liabilities, non-current.
[5] The $589 adjustment to change in other accrued expense for the nine months ended September 20, 2023 resulted from a $413 adjustment for Delaware franchise tax accrual and a $176 adjustment for customer deposit balance reclassification.
[6] The $11,701 decrease in purchase of property and equipment for the nine months ended September 30, 2023 resulted from a decrease of $5,985 in 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 $4,646 in 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 $1,070 from noncash addition to property and equipment from the prior period advances that was incorrectly reflected as current period’s cash purchase.