CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) |
3 Months Ended | 6 Months Ended | 7 Months Ended | 12 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2021 |
Mar. 31, 2020 |
Mar. 31, 2021 |
Mar. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2020 |
Sep. 30, 2020 |
Sep. 30, 2019 |
Mar. 31, 2021 |
Dec. 31, 2020 |
Sep. 30, 2020 |
Mar. 31, 2020 |
Dec. 31, 2019 |
Sep. 30, 2019 |
|
| Cash Flows From Operating Activities: | ||||||||||||||
| Net (loss) income | $ (1,080,978) | $ 5,697,071 | $ 2,331,442 | $ (20,522,282) | ||||||||||
| Changes in operating assets and liabilities: | ||||||||||||||
| Accounts payable and accrued expenses | (52,236) | (43,518) | 136,694 | 22,253 | ||||||||||
| Net cash used in operating activities | (360,848) | (212,273) | (256,512) | (794,467) | ||||||||||
| Cash Flows From Investing Activities: | ||||||||||||||
| Net cash provided by (used in) investing activities | (275,000,000) | 334,927 | ||||||||||||
| Cash Flows From Financing Activities: | ||||||||||||||
| Net cash provided by financing activities | 276,562,120 | |||||||||||||
| Net decrease in cash | (360,848) | (212,273) | 1,305,608 | (459,540) | ||||||||||
| Cash - beginning of period | 846,068 | 1,305,608 | 0 | 1,305,608 | ||||||||||
| Cash - end of period | 485,220 | 1,093,335 | $ 485,220 | $ 1,093,335 | 1,305,608 | 846,068 | ||||||||
| Cash | $ 485,220 | $ 846,068 | $ 1,305,608 | |||||||||||
| Total | 485,220 | 1,093,335 | 485,220 | 1,093,335 | $ 1,305,608 | $ 846,068 | 485,220 | $ 846,068 | $ 1,093,335 | $ 1,305,608 | ||||
| Blade Urban Air Mobility [Member] | ||||||||||||||
| Cash Flows From Operating Activities: | ||||||||||||||
| Net (loss) income | (6,582,000) | (8,122,000) | $ (10,160,000) | $ (10,838,000) | ||||||||||
| Adjustments to reconcile net loss to net cash and restricted cash used in operating activities: | ||||||||||||||
| Depreciation and amortization | 265,000 | 265,000 | 526,000 | 472,000 | ||||||||||
| Stock-based compensation | 3,179,000 | 178,000 | 490,000 | 317,000 | ||||||||||
| Loss on sale of property and equipment | 28,000 | |||||||||||||
| Changes in operating assets and liabilities: | ||||||||||||||
| Prepaid expenses and other current assets | (1,203,000) | (429,000) | (346,000) | (315,000) | ||||||||||
| Accounts receivable | 20,000 | (178,000) | (591,000) | (165,000) | ||||||||||
| Other non-current assets | 71,000 | 90,000 | 17,000 | (93,000) | ||||||||||
| Operating lease assets/liabilities | (34,000) | (21,000) | 11,000 | (27,000) | ||||||||||
| Accounts payable and accrued expenses | 3,235,000 | (1,502,000) | (1,410,000) | (402,000) | ||||||||||
| Deferred revenue | 442,000 | 375,000 | 645,000 | 721,000 | ||||||||||
| Net cash used in operating activities | (607,000) | (9,344,000) | (10,818,000) | (10,302,000) | ||||||||||
| Cash Flows From Investing Activities: | ||||||||||||||
| Purchase of customer list | (503,000) | (250,000) | ||||||||||||
| Investment in joint venture | (200,000) | |||||||||||||
| Purchase of property and equipment | (86,000) | (368,000) | (377,000) | (604,000) | ||||||||||
| Net cash provided by (used in) investing activities | (589,000) | (368,000) | (377,000) | (1,054,000) | ||||||||||
| Cash Flows From Financing Activities: | ||||||||||||||
| Proceeds from the exercise of common stock options | 19,000 | 5,000 | 15,000 | 116,000 | ||||||||||
| Proceeds from note payable | 1,165,000 | |||||||||||||
| Net cash provided by financing activities | (3,154,000) | 5,000 | 1,180,000 | 116,000 | ||||||||||
| Net decrease in cash | (4,350,000) | (9,707,000) | (10,015,000) | (11,240,000) | ||||||||||
| Cash - beginning of period | 12,276,000 | 22,291,000 | 22,291,000 | 33,531,000 | ||||||||||
| Cash - end of period | 7,926,000 | 12,584,000 | 7,926,000 | 12,584,000 | 12,276,000 | 22,291,000 | ||||||||
| Cash | 7,511,000 | $ 12,162,000 | 12,467,000 | $ 22,177,000 | ||||||||||
| Restricted cash | 415,000 | 114,000 | 117,000 | 114,000 | ||||||||||
| Total | $ 7,926,000 | $ 12,584,000 | 7,926,000 | 12,584,000 | 12,276,000 | 22,291,000 | $ 7,926,000 | $ 12,276,000 | $ 12,584,000 | $ 22,291,000 | ||||
| Supplemental cash flow information | ||||||||||||||
| Cash paid for: Interest | 0 | |||||||||||||
| Cash paid for: Income Taxes | 0 | |||||||||||||
| Supplemental non-cash investing and financing activities | ||||||||||||||
| Right of use assets acquired under operating leases | $ 12,000 | $ 767,000 | $ 788,000 | $ 512,000 | ||||||||||
| X | ||||||||||
- Definition Amount of increase (decrease) in operating lease assets (liabilities). No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in obligation to transfer good or service to customer for which consideration has been received or is receivable. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of increase (decrease) in noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in prepaid expenses, and assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash paid for interest, including, but not limited to, capitalized interest and payment to settle zero-coupon bond attributable to accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount; classified as operating and investing activities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash inflow from a borrowing supported by a written promise to pay an obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash inflow from exercise of option under share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of cash restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of increase in right-of-use asset obtained in exchange for operating lease liability. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Details
|