Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 41,100 $ 34,181
Restricted cash 1,835 2,835
Short-term investments 16,578 37,982
Accounts receivable, net of allowance of $0 and $0, respectively 7,375 3,112
Prepaid expenses and other current assets 3,618 4,713
Contract assets 8,643 5,706
Total current assets 79,149 88,529
Property and equipment - net 81,606 71,584
Operating lease right of use assets - net 2,572 3,586
Goodwill 9,393 9,393
Investment in equity method investees 5,869 5,285
Intangible assets - net 1,637 1,918
Satellite procurement work in process 44,587 50,954
Other assets 3,272 2,841
Total assets 228,085 234,090
Current liabilities:    
Accounts payable and accrued liabilities 10,790 14,368
Contract liabilities - current 3,154 6,783
Other current liabilities 1,178 2,048
Total current liabilities 17,353 26,927
Long-term contract liabilities 247 109
Operating lease liabilities 3,108 3,132
Derivative liabilities 32,396 5,113
Long-term debt - net of current portion 79,414 76,219
Other liabilities 7,022 716
Total liabilities 139,540 112,216
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 140,819 and 121,938 shares; outstanding, 138,409 shares and 119,508 shares as of June 30, 2023 and December 31, 2022, respectively. 14 12
Additional paid-in capital 684,388 666,973
Accumulated deficit (595,857) (545,111)
Total stockholders’ equity 88,545 121,874
Total liabilities and stockholders’ equity 228,085 234,090
Operating lease right of use assets - net 2,572 3,586
Related Party    
Current liabilities:    
Accounts payable $ 2,231 $ 3,728