Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Disaggregated Revenue by Product Line
Disaggregated revenue by product line and segment was as follows:
For the Years Ended
December 31,
2022		 September 30,
2021		 October 1, 2021 - December 31, 2021 (Transition Period)
Passenger Segment(1)
Short Distance $ 44,986  $ 22,462  $ 6,255 
Jet and Other 29,355  21,663  8,541 
Total $ 74,341  $ 44,125  $ 14,796 
Medical Segment(1)
MediMobility Organ Transport $ 71,779  $ 6,401  $ 9,822 
Total $ 71,779  $ 6,401  $ 9,822 
Total Revenue $ 146,120  $ 50,526  $ 24,618 
__________
(1) Prior period amounts have been updated to conform to current period presentation.
Property, Plant and Equipment
Useful Life
(in years)
 As of December 31,
2022

2021
Furniture and fixtures
 5 $ 407  $ 520 
Technology equipment
 3 330  351 
Leasehold improvements Shorter of useful life or life of lease 2,799  2,512 
Vehicles 5 735  239 
Total property and equipment, gross 4,271  3,622 
Less: Accumulated depreciation and amortization (2,234) (1,577)
Total property and equipment, net $ 2,037  $ 2,045 
Rollforward of Contract Liability Balance
The table below presents a roll forward of the contract liability balance:
For the Years Ended
December 31,
2022		 September 30,
2021		 October 1, 2021 - December 31, 2021 (Transition Period)
Balance, beginning of period
 $ 5,976  $ 3,973  $ 4,654 
Additions 72,742  50,301  18,003 
Revenue recognized
 (72,009) (49,620) (16,681)
Balance, end of period
 $ 6,709  $ 4,654  $ 5,976