Spire Global, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Components

Balance Sheet Components

9 Months Ended

Sep. 30, 2021

5.	Balance Sheet Components

Other current assets consisted of the following:


	September 30, 2021		December 31, 2020
Prepaid insurance	$	6,083	$	68
Technology and other prepaid contracts		1,687		767
Deferred contract costs		494		657
Prepaid rent		120		200
Other receivables		886		409
Other current assets		957		11

	$	10,227	$	2,112

Property and equipment, net consisted of the following:


	September 30, 2021			December 31, 2020
Satellites in-service	$	32,076		$	26,196
Internally developed software		2,166			2,166
Ground stations in-service		2,084			1,872
Leasehold improvements		1,589			1,589
Machinery and equipment		2,373			1,873
Computer equipment		1,485			1,153
Computer software and website development		472			472
Furniture and fixtures		458			379

		42,703			35,700
Less: Accumulated depreciation and amortization		(28,113	)		(23,260	)

		14,590			12,440
Satellite, launch and ground station work in progress		11,265			4,934
Finished satellites not in-service		—			3,084

Property and equipment, net	$	25,855		$	20,458

Other accrued expenses consisted of the following:


	September 30, 2021		December 31, 2020
Professional services	$	2,012	$	420
Income taxes		709		105
Sales tax		26		122
Software		1,271		470
Satellite/launch/grounds material		829		—
Other		1,120		696

	$	5,967	$	1,813

Depreciation and amortization expense related to property and equipment for the three and nine months ended September 30, 2021 was $2,075 and $5,615, respectively, including amortization of

internal-use

software of $0 and $34, respectively, and for the three and nine months ended September 30, 2020 was $1,265 and $3,861, respectively, including amortization of

internal-use

software of $32 and $95, respectively.