v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 39,336 $ 22,956
Restricted cash 13,747 13,981
Investments in marketable securities 0 1,009
Accounts and note receivable 5,945 4,113
Aircraft support parts 857 488
Prepaid expenses and other current assets 3,924 2,648
Total current assets 63,809 45,195
Property, plant and equipment, net 183,769 196,611
Intangible assets, net 6,076 1,730
Goodwill 20,749 13,163
Other noncurrent assets, net [1] 16,406 16,771
Total assets 290,809 273,470
Current liabilities:    
Accounts payable [2] 5,330 3,978
Accrued expenses and other current liabilities [3] 14,057 17,168
Operating lease right-of-use liabilities (current) [4] 1,835 2,153
Current portion of long-term debt, net of debt issuance costs 2,170 2,099
Total current liabilities 23,392 25,398
Long-term accrued expenses and other noncurrent liabilities 5,388 10,777
Operating lease right-of-use liabilities (non-current) [5] 6,083 5,779
Long-term debt, net of debt issuance costs [6] 202,469 204,585
Total liabilities 237,332 246,539
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT    
Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 54,209,388 shares issued and outstanding at December 31, 2024; 44,776,926 shares issued and outstanding at December 31, 2023 6 5
Additional paid-in capital 101,495 84,771
Accumulated deficit (429,239) (413,672)
Accumulated other comprehensive income 1,036 987
Total stockholders’ deficit (326,702) (327,909)
Total liabilities, mezzanine equity, and stockholders’ deficit 290,809 273,470
Series A Preferred Stock    
MEZZANINE EQUITY    
Preferred stock $ 380,179 $ 354,840
[1] Includes related party operating lease right-of-use assets of $5.1 million and $6.3 million as of December 31, 2024 and 2023, respectively
[2] Includes related party accounts payable of $0.1 million as of December 31, 2024 and 2023, respectively.
[3] Includes related party accrued interest expense of zero and $0.4 million as of December 31, 2024 and 2023, respectively.
[4] Includes related party operating lease right-of-use current liabilities of $1.3 million and $1.7 million as of December 31, 2024 and 2023, respectively.
[5] Includes related party operating lease right-of-use noncurrent liabilities of $3.8 million and $4.6 million as of December 31, 2024 and 2023, respectively.
[6] Includes related party debt of zero and $10.0 million as of December 31, 2024 and 2023, respectively.

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