v3.23.3
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 19,378,525 $ 30,162,475
Restricted cash 12,292,731 12,297,151
Investments in marketable securities 2,249,068 54,980,156
Total accounts and note receivable 25,401,837 28,902
Aircraft support parts 488,145 1,761,270
Prepaid expenses and other current assets 3,968,810 1,835,032
Deferred offering costs 0 5,800,144
Total current assets 63,779,116 106,865,130
Property, plant and equipment, net 198,472,301 192,091,413
Intangible assets, net 1,428,956 208,196
Goodwill 13,134,371 2,457,937
Other noncurrent assets [1] 13,896,708 4,356,225
Total assets 290,711,452 305,978,901
Current liabilities:    
Accounts payable 1,351,970 3,170,354
Accrued expenses and other current liabilities 10,536,129 18,669,572
Operating right-of-use current liability [2] 1,531,567 21,484
Current portion of long-term debt, net of debt issuance costs 1,940,914 2,445,594
Total current liabilities 15,360,580 24,307,004
Long-term accrued expenses and other noncurrent liabilities 12,821,049 45,659
Operating right-of-use noncurrent liability [3] 6,764,776 754,673
Long-term debt, net of debt issuance costs [4] 205,219,737 205,471,958
Total liabilities 240,166,142 230,579,294
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT    
Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 44,776,926 shares issued and outstanding at September 30, 2023; 39,081,744 shares issued and outstanding at December 31, 2022 4,949 3,908
Additional paid-in capital 82,776,619 0
Accumulated deficit (382,566,331) (415,304,343)
Accumulated other comprehensive income 1,543,079 1,678,497
Total stockholders’ deficit (298,241,684) (413,621,938)
Total liabilities, mezzanine equity, and stockholders’ deficit 290,711,452 305,978,901
Series A Preferred Stock    
MEZZANINE EQUITY    
Preferred stock 348,786,994 0
Redeemable Legacy Bridger Series C Preferred Shares    
MEZZANINE EQUITY    
Preferred stock $ 0 $ 489,021,545
[1] Includes related party operating lease right-of-use assets of approximately $6,569,000 for the two Pilatus PC-12 leases as of September 30, 2023.
[2] Includes related party operating lease right-of-use current liabilities of approximately $1,173,000 for the two Pilatus PC-12 leases as of September 30, 2023
[3] Includes related party operating lease right-of-use noncurrent liabilities of approximately $5,396,000 for the two Pilatus PC-12 leases as of September 30, 2023.
[4] Includes related party debt of $10,000,000 for the 2022 taxable industrial revenue bond as of September 30, 2023 and December 31, 2022, respectively.

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