v3.24.1.1.u2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 6,776,000 $ 22,956,000
Restricted cash 9,289,000 13,981,000
Investments in marketable securities 0 1,009,000
Accounts and note receivable [1] 4,926,000 4,113,000
Aircraft support parts 476,000 488,000
Prepaid expenses and other current assets 3,740,000 2,648,000
Total current assets 25,207,000 45,195,000
Property, plant and equipment, net 195,871,000 196,611,000
Intangible assets, net 2,016,000 1,730,000
Goodwill 13,163,000 13,163,000
Other noncurrent assets [2] 16,174,000 16,771,000
Total assets 252,431,000 273,470,000
Current liabilities:    
Accounts payable [3] 3,932,000 3,978,000
Accrued expenses and other current liabilities [4] 11,955,000 17,168,000
Operating right-of-use current liability [5] 2,153,000 2,153,000
Current portion of long-term debt, net of debt issuance costs 2,028,000 2,099,000
Total current liabilities 20,068,000 25,398,000
Long-term accrued expenses and other noncurrent liabilities 10,492,000 10,777,000
Operating right-of-use noncurrent liability [6] 5,395,000 5,779,000
Long-term debt, net of debt issuance costs [7] 204,115,000 204,585,000
Total liabilities 240,070,000 246,539,000
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT    
Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 44,842,587 shares issued and outstanding at March 31, 2024; 44,776,926 shares issued and outstanding at December 31, 2023 5,000 5,000
Additional paid-in capital 83,953,000 84,771,000
Accumulated deficit (433,759,000) (413,672,000)
Accumulated other comprehensive income 1,133,000 987,000
Total stockholders’ deficit (348,668,000) (327,909,000)
Total liabilities, mezzanine equity, and stockholders’ deficit 252,431,000 273,470,000
Series A Preferred Stock    
MEZZANINE EQUITY    
Series A Preferred Stock, $0.0001 par value; 315,789.473684 shares authorized, issued and outstanding at March 31, 2024 and December 31, 2023 $ 361,029,000 $ 354,840,000
[1] Includes related party accounts receivable of $0.1 million as of March 31, 2024
[2] Includes related party operating lease right-of-use assets of $6.0 million and $6.3 million as of March 31, 2024 and December 31, 2023, respectively.
[3] Includes related party accounts payable of $0.6 million and $0.1 million as of March 31, 2024 and December 31, 2023, respectively.
[4] Includes related party accrued interest expense of $0.1 million and $0.4 million as of March 31, 2024 and December 31, 2023, respectively.
[5] Includes related party operating lease right-of-use current liabilities of $1.7 million as of March 31, 2024 and December 31, 2023.
[6] Includes related party operating lease right-of-use noncurrent liabilities of $4.3 million and $4.6 million as of March 31, 2024 and December 31, 2023, respectively.
[7] Includes related party debt of $10.0 million as of March 31, 2024 and December 31, 2023.

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