Annual report pursuant to Section 13 and 15(d)

Other Balance Sheet Components

v3.22.2.2
Other Balance Sheet Components
12 Months Ended
Dec. 31, 2021
Balance Sheet Components [Abstract]  
Other Balance Sheet Components
6.
Other Balance Sheet Components

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.