| Schedule of Certain Financial Data by Reportable Segment |
The following table reflects certain financial data of the Company’s reportable segments for the years ended December 31, 2022, September 30, 2021 and the transition period ended December 31, 2021:
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For the Years Ended |
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December 31,
2022 |
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September 30,
2021 |
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October 1, 2021 - December 31, 2021 (Transition Period) |
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Revenue |
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Passenger |
$ |
74,341 |
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$ |
44,125 |
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$ |
14,796 |
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Medical |
71,779 |
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6,401 |
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9,822 |
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Total revenue |
$ |
146,120 |
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$ |
50,526 |
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$ |
24,618 |
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| Passenger |
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| Revenue |
$ |
74,341 |
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$ |
44,125 |
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$ |
14,796 |
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| Cost of revenue |
(63,658) |
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(34,535) |
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(12,285) |
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| All other operating costs(1) |
(24,712) |
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(9,186) |
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(3,898) |
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| Segment net income (loss) |
(14,029) |
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404 |
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(1,387) |
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| Medical |
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| Revenue |
71,779 |
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6,401 |
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9,822 |
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| Cost of revenue |
(60,187) |
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(5,473) |
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(8,392) |
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| All other operating costs(1) |
(14,522) |
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(482) |
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(1,598) |
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| Segment net income (loss) |
(2,930) |
|
446 |
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(168) |
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| Consolidated net income (loss) from reportable segments |
(16,959) |
|
850 |
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(1,555) |
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| Unallocated corporate costs & software development |
(36,570) |
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(24,943) |
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(8,981) |
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| Other non-operating income (expenses) |
25,497 |
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(19,602) |
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11,199 |
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| Income tax benefit |
(772) |
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(3,643) |
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(109) |
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| Net income (loss) |
$ |
(27,260) |
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$ |
(40,052) |
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$ |
772 |
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December 31,
2022 |
|
December 31,
2021 |
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| Goodwill |
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| Passenger |
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$ |
26,117 |
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$ |
— |
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| Medical |
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13,328 |
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13,328 |
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| Total goodwill |
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$ |
39,445 |
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$ |
13,328 |
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_________
(1) All other operating costs consists of direct costs of service delivery, staff, selling and marketing as well as allocated staff, general and administrative expenses.
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| Summary of Financial Data Attributable to Various Geographic Regions |
Revenue by geography is based on where the flight’s operator is based. Long-lived assets, net includes property and equipment, net and operating right-of-use assets. Summary financial data attributable to various geographic regions for the periods indicated is as follows:
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For the Years Ended |
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|
December 31,
2022 |
|
September 30,
2021 |
|
October 1, 2021 - December 31, 2021 (Transition Period) |
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| Revenue |
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United States |
$ |
133,298 |
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$ |
50,526 |
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$ |
23,929 |
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Other |
12,822 |
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— |
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689 |
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Total revenue |
$ |
146,120 |
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$ |
50,526 |
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$ |
24,618 |
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December 31,
2022 |
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December 31,
2021 |
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Long-lived assets |
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United States |
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$ |
7,195 |
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$ |
2,758 |
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Other |
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12,534 |
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— |
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Total long-lived assets |
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$ |
19,729 |
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$ |
2,758 |
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