XML 71 R48.htm IDEA: XBRL DOCUMENT v3.25.1
Debt and Other Financing (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
The carrying value of the Company’s outstanding debt consisted of the following amounts:
December 31,December 31,
20242023
(in thousands)
Current portion of long-term debt$2,000 $— 
Non-current portion of long-term debt107,034 84,578 
Total long-term debt109,034 84,578 
Unamortized debt issuance costs(1,371)(1,077)
Outstanding balance$107,663 $83,502 

Effective Interest RateDecember 31,December 31,
Name of Loan20242023
(in thousands)
Loans from related parties
12.23% - 12.57%
$93,034 $84,578 
Satellite launch vendor financing
10.45%6,000 — 
Commercial bank line
10.98%10,000 — 
Total$109,034 $84,578 
Contractual Obligation, Fiscal Year Maturity Future minimum lease payments under non-cancellable office leases as of December 31, 2024 are as follows:
(in thousands)
For the years ending December 31,
2025$1,233 
20261,757 
20271,469 
20281,209 
20291,242 
Thereafter7,496 
Total lease payments14,406 
Less: imputed interest(5,583)
Present value of lease liabilities$8,823