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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company has one reportable segment, private aviation services, managed on a consolidated basis by the CEO who is the CODM. The private aviation services segment provides airplane sales and software-as-a-service subscriptions. The Company derives revenue primarily in North America and manages the business activities on a consolidated basis.

The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance and decides how to allocate resources based on net income (loss) from continuing operations before income taxes that is also reported on the consolidated statements of operations. The measure of segment assets is reported on the consolidated balance sheets as consolidated total assets.

The CODM allocates resources and evaluates performance based on net income (loss) from continuing operations before income taxes, which is the Company’s measure of segment profit or loss. The CODM considers year-over-year variances for net income (loss) from continuing operations before taxes when making decisions about how to utilize the Company’s resources.

The components of segment profit or loss were as follows:

Three Months Ended Six Months Ended
June 30,June 30,
2025202420252024
Revenue$24,855 $181 $50,338 $229 
Less:
Cost of revenue21,088 34 42,075 86 
Selling, general and administrative(1)
2,895 3,798 4,865 8,128 
(Gain) Loss on fair value adjustment of financial instruments (99)2,755 750 2,982 
Interest Expense 1,229 1,230 3,629 2,368 
Add:
Other(2)
3,130 154 4,311 158 
Net income (loss) from continuing operations before income taxes$2,872 $(7,482)$3,330 $(13,177)

(1) Includes amounts for depreciation and amortization expense.
(2) Other includes gains of $3.1 million and $4.3 million for settlements of deposits and other liabilities at a discount for the three and six months ended June 30, 2025, respectively.