v3.25.2
Other Balance Sheet Components
6 Months Ended
Jun. 30, 2025
Other Balance Sheet Components  
Other Balance Sheet Components

Note 5 – Other Balance Sheet Components

 

Property, net

 

Property, net consisted of the following:

 

 

 

June 30, 2025

 

 

December 31, 2024

eVTOL mockups

$

1,743

 

$

516

Leasehold improvement

 

201

 

 

167

Construction in progress (“CIP”)

 

3,364

 

 

241

Computer hardware

 

41

 

 

15

Total property

$

5,348

 

$

939

Less: Accumulated depreciation

 

(432)

 

 

(328)

Total property, net

$

4,916

 

$

611

 

CIP includes costs incurred for tooling for eVTOL production that will be owned by the Company and internal-use software.

 

Other Current Payables

Other current payables are comprised of the following items:

 

 

 

June 30, 2025

 

 

December 31, 2024

Accrued services

$

25,300

 

$

8,393

Accrued payroll

 

5,257

 

 

4,639

Accrued interest

 

1,044

 

 

810

Other payables

 

1,025

 

 

1,579

Total

$

32,625

 

$

15,422