| Schedule of Segment Revenue and Significant Segment Expenses |
The following table includes segment revenue and significant segment expenses:
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Year Ended December 31, |
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2024 |
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2023 |
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Revenue |
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$ |
110,451 |
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$ |
97,612 |
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Less: |
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Employee expense (a) |
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79,643 |
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75,531 |
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Equipment and software expenses |
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32,241 |
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27,449 |
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Depreciation and amortization |
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21,729 |
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18,229 |
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Interest expense |
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20,358 |
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19,036 |
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Professional services |
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17,558 |
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9,907 |
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Facilities expense |
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10,417 |
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9,445 |
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Change in fair value of contingent liability and warrant liabilities |
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6,489 |
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1,467 |
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Other operating and marketing expenses |
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5,767 |
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7,687 |
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Allowance for current credit loss on notes receivable |
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4,026 |
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1,218 |
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Loss on decommissioned satellites and disposal of assets |
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4,023 |
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|
873 |
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Contactor expense |
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2,602 |
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2,922 |
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Issuance of stock warrants |
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2,399 |
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— |
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Other segment items (b) |
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6,017 |
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1,406 |
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Segment net loss |
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$ |
(102,818 |
) |
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$ |
(77,558 |
) |
(a) Employee expense included stock-based compensation expense of $19,449 and $12,978 for the years ended December 31, 2024 and 2023, respectively.
(b) Other segment items included in segment net loss includes foreign exchange (loss) gain, equity investment loss, income tax provision (benefit), travel and meals expenses, and interest income.
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