Spire Global, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Other Balance Sheet Components

Other Balance Sheet Components

12 Months Ended

Dec. 31, 2021

Other current assets, including restricted cash consisted of the following:


	December 31,
	2021		2020
Technology and other prepaid contracts	$	744	$	767
Prepaid insurance		4,430		68
Deferred contract costs		885		657
Other receivables		1,396		409
Other current assets		2,616		211
	$	10,071	$	2,112

Other accrued expenses consisted of the following:


	December 31,
	2021		2020
Professional services	$	1,164	$	420
Sales tax		195		122
Software		1,036		470
Satellite/launch/ground station material		312		—
Other		2,116		801
	$	4,823	$	1,813

Property and equipment, net consisted of the following:


	December 31,
	2021			2020
Satellites in-service	$	51,368		$	26,196
Internally developed software		2,160			2,166
Ground stations in-service		2,200			1,872
Leasehold improvements		1,754			1,589
Machinery and equipment		2,761			1,873
Computer equipment		2,168			1,153
Computer software and website development		472			472
Furniture and fixtures		1,167			379
		64,050			35,700
Less: Accumulated depreciation and amortization		(30,120	)		(23,260	)
		33,930			12,440
Satellite, launch and ground station work in progress		11,478			4,934
Finished satellites not in-service		3,296			3,084
Property and equipment, net	$	48,704		$	20,458

Depreciation and amortization expense related to property and equipment for the years ended December 31, 2021 and 2020, was $8,509 and $5,330, respectively, including amortization of internal-use software of $34 and $144, respectively. There were no costs incurred from failed launches and losses from satellite deorbit and other equipment failure during the year ended December 31, 2021 and $666 for the year ended December 31, 2020. Costs related to failed launches are not capitalized and are included in Loss on satellite deorbit and launch failure in the Consolidated Statements of Operations.