Blade Air Mobility, Inc. Transition report pursuant to Rule 13a-10 or 15d-10

Transition report pursuant to Rule 13a-10 or 15d-10

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

3 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying value of goodwill are as follows:




Goodwill balance, September 30, 2021	$	13,271
Adjustment(1)	57
Goodwill balance, December 31, 2021	$	13,328

__________

(1) Represents a measurement period adjustment made during the three months ended December 31, 2021. For additional information, see Note 4 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2021.

Schedule of Indefinite-Lived Intangible Assets

The following table presents information about the Company's intangible assets as of:


		December 31, 2021						September 30, 2021
	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Exclusive rights to Helijet’s scheduled passenger routes in Canada	5 years	$	12,357	$	(206)	$	12,151	$	—	$	—	$	—
Customer list	5-10 years	11,542		(957)		10,585		11,542		(645)		10,897
Domain name	Indefinite	504		—		504		504		—		504
Trademarks	6-10 years	1,006		(51)		955		1,006		(9)		997
Developed technology	3 years	250		(24)		226		250		(4)		246
Total		$	25,659	$	(1,238)	$	24,421	$	13,302	$	(658)	$	12,644

Schedule of Finite-Lived Intangible Assets

The following table presents information about the Company's intangible assets as of:


		December 31, 2021						September 30, 2021
	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Exclusive rights to Helijet’s scheduled passenger routes in Canada	5 years	$	12,357	$	(206)	$	12,151	$	—	$	—	$	—
Customer list	5-10 years	11,542		(957)		10,585		11,542		(645)		10,897
Domain name	Indefinite	504		—		504		504		—		504
Trademarks	6-10 years	1,006		(51)		955		1,006		(9)		997
Developed technology	3 years	250		(24)		226		250		(4)		246
Total		$	25,659	$	(1,238)	$	24,421	$	13,302	$	(658)	$	12,644

Schedule of Estimated Amortization Expense

As of December 31, 2021, the estimated amortization expense of its finite-lived intangible assets for each of the next five years are as follows:


For the Year Ended September 30,
2022 (nine months)	$	2,978
2023	3,934
2024	3,781
2025	3,698
2026	3,698