General form of registration statement for all companies including face-amount certificate companies

Property and Equipment

v3.21.1
Property and Equipment
 12 Months Ended
Sep. 30, 2020
Blade Urban Air Mobility [Member]  
Property and Equipment

Note 3 — Property and Equipment

The following table presents information about the Company’s property and equipment:

 

 

 

 

 

 

 

 

 

 

 

 

Useful Life

 

As of September 30,

 

    

(in years)

    

2020

    

2019

Furniture and fixtures

    

 

 5

    

$

437

 

$

383

Technology equipment

 

 

 3

 

 

182

 

 

174

 

 

 

Shorter of useful

 

 

  

 

 

  

Leasehold improvements

 

 

life or life of lease

 

 

2,215

 

 

1,900

Vehicle

 

 

 5

 

 

 5

 

 

 5

Total property and equipment, gross

 

 

 

 

 

2,839

 

 

2,462

Less: Accumulated depreciation and amortization

 

 

 

 

 

(1,080)

 

 

(744)

Total property and equipment, net

 

 

 

 

$

1,759

 

$

1,718

 

For the years ended September 30, 2020 and 2019, the Company recorded depreciation and amortization expense for property and equipment of $336 and $289, respectively.