Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.22.4
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The purchase price was allocated on a preliminary basis as follows:
Prepaid expenses and other current assets $ 25 
Property and equipment, net 162 
Identifiable intangible assets 25,862 
Operating right-of-use asset 11,913 
Other non-current assets 69 
Total identifiable assets acquired 38,031 
Accounts payable and accrued expenses 221 
Operating lease liability 11,913 
Deferred tax liability 2,354 
Total liabilities assumed 14,488 
Net assets acquired 23,543 
Goodwill 24,558 
Total consideration $ 48,101 
The purchase price of the Trinity acquisition was allocated as follows:

Accounts receivable $ 2,259 
Prepaid expenses and other current assets 510 
Property and equipment 256 
Identifiable Intangible assets
 11,850 
Operating lease right-of-use assets
 348 
Total identifiable assets acquired
 15,223 
Accounts payable 1,230 
Operating lease liability
 361 
Deferred tax liability 3,895 
Total liabilities assumed
 5,486 
Net assets acquired
 9,737 
Goodwill 13,328 
Total consideration
 $ 23,065 
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
An assessment of the fair value of identified intangible assets and their respective lives as of the acquisition date are as follows:
Estimated Useful Life Fair Value
Exclusive rights to air transportation services 12 $ 25,359 
Customer list 3 503 
Total identifiable intangible assets $ 25,862 
Schedule of Pro Forma Information The unaudited pro forma information presented below is for informational purposes only and is not necessarily indicative of our consolidated results of operations of the consolidated business had the acquisition actually occurred at the beginning of the periods presented or of the results of our future operations of the consolidated business.
For the Years Ended
December 31,
2022		 September 30,
2021		 October 1, 2021 - December 31, 2021 (Transition Period)
Reported Revenue $ 146,120  $ 50,526  $ 24,618 
Impact of Blade Europe 23,369  18,610  2,906 
Pro forma Revenue $ 169,489  $ 69,136  $ 27,524 
The following unaudited pro forma financial information presents what our results would have been had Trinity been acquired on October 1, 2020. The unaudited pro forma information presented below is for informational purposes only and is not necessarily indicative of our consolidated results of operations of the consolidated business had the Trinity
acquisition actually occurred at the beginning of fiscal year 2021 or of the results of our future operations of the consolidated business.
For the Year Ended
September 30,
2021
(Unaudited)
Revenue
 $ 69,485 
Net loss (excluding Trinity's nonrecurring items)
(44,344)
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
An assessment of the fair value of identified intangible assets and their respective lives as of the acquisition date are as follows:
Estimated Useful Life
Fair Value
Customer list
 10 years $ 10,600 
Trademark
 6 years 1,000 
Developed technology 3 years 250 
Total intangible assets
 $ 11,850