Annual report [Section 13 and 15(d), not S-K Item 405]

Debt and Other Financing (Tables)

v3.25.1
Debt and Other Financing (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
The carrying value of the Company’s outstanding debt consisted of the following amounts:
December 31, December 31,
2024 2023
(in thousands)
Current portion of long-term debt $ 2,000  $ — 
Non-current portion of long-term debt 107,034  84,578 
Total long-term debt 109,034  84,578 
Unamortized debt issuance costs (1,371) (1,077)
Outstanding balance $ 107,663  $ 83,502 

Effective Interest Rate December 31, December 31,
Name of Loan 2024 2023
(in thousands)
Loans from related parties
12.23% - 12.57%
$ 93,034  $ 84,578 
Satellite launch vendor financing
10.45% 6,000  — 
Commercial bank line
10.98% 10,000  — 
Total $ 109,034  $ 84,578 
Contractual Obligation, Fiscal Year Maturity Future minimum lease payments under non-cancellable office leases as of December 31, 2024 are as follows:
(in thousands)
For the years ending December 31,
2025 $ 1,233 
2026 1,757 
2027 1,469 
2028 1,209 
2029 1,242 
Thereafter 7,496 
Total lease payments 14,406 
Less: imputed interest (5,583)
Present value of lease liabilities $ 8,823