v3.23.2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 844,582 $ 30,162,475
Restricted cash 12,239,819 12,297,151
Investments in marketable securities 12,572,950 54,980,156
Accounts receivable [1] 11,815,732 28,902
Aircraft support parts 434,894 1,761,270
Prepaid expenses and other current assets 2,892,240 1,835,032
Deferred offering costs 388,120 5,800,144
Total current assets 41,188,337 106,865,130
Property, plant and equipment, net 202,050,389 192,091,413
Intangible assets, net 155,369 208,196
Goodwill 2,457,937 2,457,937
Other noncurrent assets 7,583,603 4,356,225
Total assets 253,435,635 305,978,901
Current liabilities:    
Accounts payable 6,235,941 3,170,354
Accrued expenses and other current liabilities 7,823,154 18,669,572
Operating right-of-use current liability 355,119 21,484
Current portion of long-term debt, net of debt issuance costs 2,459,654 2,445,594
Total current liabilities 16,873,868 24,307,004
Long-term accrued expenses and other noncurrent liabilities 6,864,516 45,659
Operating right-of-use noncurrent liability 1,449,911 754,673
Long-term debt, net of debt issuance costs [2] 205,060,810 205,471,958
Total liabilities 230,249,105 230,579,294
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT    
Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 44,505,944 shares issued and outstanding at June 30, 2023; 39,081,744 shares issued and outstanding at December 31, 2022 4,906 3,908
Additional paid-in capital 78,977,391 0
Accumulated deficit (400,054,307) (415,304,343)
Accumulated other comprehensive income 1,519,571 1,678,497
Total stockholders’ deficit (319,552,439) (413,621,938)
Total liabilities, mezzanine equity, and stockholders’ deficit 253,435,635 305,978,901
Series A Preferred Stock    
MEZZANINE EQUITY    
Preferred stock 342,738,969 0
Redeemable Legacy Bridger Series C Preferred Shares    
MEZZANINE EQUITY    
Preferred stock $ 0 $ 489,021,545
[1] Includes related party accounts receivable of $427,454 as of June 30, 2023.
[2] Includes related party debt of $10,000,000 for the 2022 taxable industrial revenue bond as of June 30, 2023 and December 31, 2022, respectively.

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