Blade Air Mobility, Inc. Annual report pursuant to Section 13 and 15(d)

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

12 Months Ended

Sep. 30, 2021

Balance sheet information related to the Company’s leases is presented below:


	As of September 30,
	2021		2020
Operating leases:
Operating right-of-use asset	$	654	$	737
Operating lease liability, current	431		430
Operating lease liability, long term	222		291

The following provides details of the Company’s lease expense:


	For the Years Ended September 30,
	2021		2020		2019
Lease cost:
Short-term lease cost	$	161	$	60	$	340
Operating lease cost	455		421		109
Total	$	616	$	481	$	449

Other information related to leases is presented below:


			As of September 30,
			2021
Weighted-average discount rate – operating lease			5.00%
Weighted-average remaining lease term – operating lease (in months)			21

As of September 30, 2021, the expected annual minimum lease payments for the Company’s operating lease liabilities are as follows:


For the Year Ended September 30,
2022	$	425
2023	193
2024	66



Total future minimum lease payments, undiscounted	684
Less: Imputed interest for leases in excess of one year	(31)
Present value of future minimum lease payments	$	653