XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash $ 2,853 $ 2,174
Restricted cash 70,303 39,222
Investments 18,405 24,895
Restricted investments 74,594 114,648
Prepaid expenses and other assets 6,464 4,448
Right-of-use assets 56,542 56,716
Total assets 326,544 331,204
Liabilities and equity    
Accounts Payable and Accrued Liabilities 13,065 14,184
Operating lease liabilities 53,833 53,531
Bonds payable, net of debt issuance costs and premiums 162,263 162,210
Warrants liability 7,114 2,904
Total liabilities 236,275 232,829
Commitments and contingencies (Note 14)
Stockholders’ equity    
Preferred stock; $0.0001 par value; 10,000,000 shares authorized as of March 31, 2023; none issued and outstanding 0 0
Additional paid-in capital 30,137 29,560
Accumulated deficit (9,380) (3,184)
Accumulated other comprehensive income (loss) 75 (102)
Total Sky Harbour Group Corporation stockholders’ equity 20,837 26,279
Non-controlling interests 69,432 72,096
Total equity 90,269 98,375
Total liabilities and equity 326,544 331,204
Common Class A [Member]    
Stockholders’ equity    
Common stock 1 1
Common Class B [Member]    
Stockholders’ equity    
Common stock 4 4
Construction in Progress [Member]    
Assets    
Property, Plant and Equipment, Net 17,568 48,242
Asset under Construction [Member]    
Assets    
Property, Plant and Equipment, Net 78,519 39,709
Equipment and Software [Member]    
Assets    
Property, Plant and Equipment, Net $ 1,296 $ 1,150