| Schedule of Other Current Assets |
Other current assets consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
March 31, |
|
|
December 31, |
|
|
|
2025 |
|
|
2024 |
|
Technology and other prepaid contracts |
|
$ |
1,068 |
|
|
$ |
838 |
|
Other receivables |
|
|
1,098 |
|
|
|
648 |
|
Prepaid insurance |
|
|
693 |
|
|
|
1,076 |
|
Deferred contract costs |
|
|
304 |
|
|
|
297 |
|
Other |
|
|
407 |
|
|
|
419 |
|
Other current assets |
|
$ |
3,570 |
|
|
$ |
3,278 |
|
|
| Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
March 31, |
|
|
December 31, |
|
|
|
2025 |
|
|
2024 |
|
Satellites in-service |
|
$ |
19,762 |
|
|
$ |
32,768 |
|
Internally developed software |
|
|
1,760 |
|
|
|
1,760 |
|
Ground stations in-service |
|
|
4,981 |
|
|
|
4,978 |
|
Leasehold improvements |
|
|
5,882 |
|
|
|
5,707 |
|
Machinery and equipment |
|
|
5,982 |
|
|
|
5,479 |
|
Computer equipment |
|
|
1,435 |
|
|
|
1,327 |
|
Computer software and website development |
|
|
99 |
|
|
|
99 |
|
Furniture and fixtures |
|
|
1,365 |
|
|
|
1,335 |
|
|
|
|
41,266 |
|
|
|
53,453 |
|
Less: Accumulated depreciation and amortization |
|
|
(17,962 |
) |
|
|
(25,748 |
) |
|
|
|
23,304 |
|
|
|
27,705 |
|
Satellite, launch, and ground station work in progress |
|
|
31,663 |
|
|
|
27,624 |
|
Finished satellites not yet placed in-service |
|
|
8,199 |
|
|
|
8,009 |
|
Property and equipment, net |
|
$ |
63,166 |
|
|
$ |
63,338 |
|
|
| Schedule of Other Accrued expenses |
Other accrued expenses consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
March 31, |
|
|
December 31, |
|
|
|
2025 |
|
|
2024 |
|
Operating lease liabilities, current |
|
$ |
3,844 |
|
|
$ |
3,260 |
|
Professional services |
|
|
4,123 |
|
|
|
2,622 |
|
Accrued operating costs |
|
|
3,719 |
|
|
|
1,829 |
|
Accrued wages and benefits |
|
|
3,282 |
|
|
|
3,335 |
|
Accrued interest |
|
|
1,928 |
|
|
|
1,709 |
|
Legal matters |
|
|
1,552 |
|
|
|
1,479 |
|
Software |
|
|
964 |
|
|
|
792 |
|
Corporate and sales tax |
|
|
432 |
|
|
|
120 |
|
Other |
|
|
2,141 |
|
|
|
1,215 |
|
Other accrued expenses |
|
$ |
21,985 |
|
|
$ |
16,361 |
|
|