| Intangible Assets |
Intangible assets, net are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2025 |
|
|
|
Intangible
Assets, Gross |
|
|
Accumulated
Amortization |
|
|
Intangible
Assets, Net |
|
|
Weighted-
Average
Useful Life
(in years) |
|
Software - in service |
|
$ |
4,001 |
|
|
$ |
(3,180 |
) |
|
$ |
821 |
|
|
|
3 |
|
FAA certificate |
|
|
650 |
|
|
|
— |
|
|
|
650 |
|
|
Indefinite |
|
Total acquired intangible assets |
|
$ |
4,651 |
|
|
$ |
(3,180 |
) |
|
$ |
1,471 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
|
Intangible
Assets, Gross |
|
|
Accumulated
Amortization |
|
|
Intangible
Assets, Net |
|
|
Weighted-
Average
Useful Life
(in years) |
|
Software - in service |
|
$ |
3,978 |
|
|
$ |
(3,028 |
) |
|
$ |
950 |
|
|
|
3 |
|
FAA certificate |
|
|
650 |
|
|
|
— |
|
|
|
650 |
|
|
Indefinite |
|
Total acquired intangible assets |
|
$ |
4,628 |
|
|
$ |
(3,028 |
) |
|
$ |
1,600 |
|
|
|
|
Amortization of intangible assets was $152 and $294 for the three months ended March 31, 2025 and 2024, respectively. The Company did not record any impairment charges related to intangible assets for the three months ended March 31, 2025 and 2024. The following is a schedule of estimated amortization expense for the following periods:
|
|
|
|
|
Fiscal Year |
|
Amount |
|
Remainder of 2025 |
|
$ |
401 |
|
2026 |
|
|
332 |
|
2027 |
|
|
87 |
|
2028 |
|
|
1 |
|
2029 |
|
|
— |
|
Thereafter |
|
|
— |
|
|
|
$ |
821 |
|
|
Intangible assets, net are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
|
|
Intangible Assets, Gross |
|
|
|
Accumulated Amortization |
|
|
|
Intangible Assets, Net |
|
|
|
Weighted-Average Useful Life (in years) |
|
Software - in service |
|
$ |
3,978 |
|
|
$ |
(3,028 |
) |
|
$ |
950 |
|
|
|
3 |
|
FAA certificate |
|
|
650 |
|
|
|
— |
|
|
|
650 |
|
|
|
Indefinite |
|
Total acquired intangible assets |
|
$ |
4,628 |
|
|
$ |
(3,028 |
) |
|
$ |
1,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
|
|
|
Intangible Assets, Gross |
|
|
|
Accumulated Amortization |
|
|
|
Intangible Assets, Net |
|
|
|
Weighted-Average Useful Life (in years) |
|
Software - in service |
|
$ |
3,486 |
|
|
$ |
(1,902 |
) |
|
$ |
1,584 |
|
|
|
3 |
|
FAA certificate |
|
|
650 |
|
|
|
— |
|
|
|
650 |
|
|
|
Indefinite |
|
Total acquired intangible assets |
|
$ |
4,136 |
|
|
$ |
(1,902 |
) |
|
$ |
2,234 |
|
|
|
|
|
Amortization of intangible assets was $1,126 and $1,004 for the years ended December 31, 2024 and 2023, respectively. The Company did not record any impairment charges related to definite-lived intangible assets for the years ended December 31, 2024 and 2023. The following is a schedule of estimated amortization expense for the following periods:
|
|
|
|
Fiscal Year |
|
|
Amount |
2025 |
|
$ |
547 |
2026 |
|
|
324 |
2027 |
|
|
79 |
2028 |
|
|
— |
2029 |
|
|
— |
Thereafter |
|
|
— |
|
|
$ |
950 |
|