Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.22.2.2
Acquisitions (Tables)
 9 Months Ended
Sep. 30, 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:
Accounts receivable $ 1,307 
Prepaid expenses and other current assets 190 
Property and equipment, net 143 
Identifiable intangible assets 28,861 
Operating right-of-use asset 11,913 
Other non-current assets 69 
Total identifiable assets acquired 42,483 
Accounts payable and accrued expenses 1,003 
Operating lease liability 11,913 
Deferred revenue 492 
Total liabilities assumed 13,408 
Net assets acquired 29,075 
Goodwill 19,026 
Total consideration $ 48,101 
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
A preliminary 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 10 $ 25,975 
Customer list 3 2,886 
Total identifiable intangible assets $ 28,861 
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 2021 or of the results of our future operations of the consolidated business.
Three Months Ended September 30,
Nine Months Ended September 30,
2022 2021 2022 2021
Reported Revenue $ 45,722  $ 20,316  $ 107,985  $ 42,540 
Impact of Blade Europe 10,846  12,038  23,702  16,624 
Pro forma Revenue $ 56,568  $ 32,354  $ 131,687  $ 59,164