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

Operating Right-of-Use Asset and Operating Lease Liability (Tables)

v3.25.0.1
Operating Right-of-Use Asset and Operating Lease Liability (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases
Balance sheet information related to the Company’s leases is presented below:
December 31,
2024		 December 31, 2023
Operating leases:
Operating right-of-use asset $ 8,876  $ 23,484 
Operating lease liability, current 3,304  4,787 
Operating lease liability, long-term 6,018  19,738 
Schedule of Lease Expense and Other Lease Information
The following provides details of the Company’s lease expense:
Year Ended December 31,
2024 2023
Lease cost:
Short-term lease cost
 $ 963  $ 434 
Operating lease cost - General and administrative
 1,820  2,072 
Operating lease cost - Cost of revenue (1)
 3,696  4,618 
Total $ 6,479  $ 7,124 
(1) Operating lease costs related to aircraft leases that are embedded within CPAs.


Other information related to leases is presented below:
December 31, 2024
Weighted-average discount rate – operating lease
 7.90  %
Weighted-average remaining lease term – operating lease (in years)
 3.5
Year Ended December 31,
2024 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 5,274  $ 6,493 
Schedule of Expected Annual Minimum Lease Payments
As of December 31, 2024, the expected annual minimum lease payments of the Company’s operating lease liabilities were as follows:
For the Year Ended December 31
2025 $ 3,906 
2026 3,349 
2027 1,406 
2028 632 
2029 550 
Thereafter 851 
Total future minimum lease payments, undiscounted
 10,694 
Less: Imputed interest for leases in excess of one year
 (1,372)
Present value of future minimum lease payments
 $ 9,322