XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Operating Revenue $ 17,441,980   $ 33,821,992  
Operating Expenses        
Salaries, Wages, & Benefits 7,251,870 $ 1,368,929 13,116,732 $ 2,205,215
Aircraft Fuel 4,387,135   7,637,689  
Maintenance, materials and repairs 964,352 526,848 2,155,175 801,346
Depreciation and amortization 79,898 4,733 103,212 8,385
Contracted ground and aviation services 3,087,023   6,037,266  
Travel 830,208 24,338 2,125,530 63,322
Insurance 909,181 453,165 1,766,450 869,193
Aircraft Rent 3,834,230 894,114 7,193,904 894,114
Other 2,629,323 1,422,077 4,980,561 2,913,393
Total Operating Expenses 23,973,220 4,694,204 45,116,519 7,754,968
Operating Loss (6,531,240) (4,694,204) (11,294,527) (7,754,968)
Non-Operating Expenses (Income)        
Loss (Gain) on Warrant Valuation   (400,196)   2,650,772
Unrealized Loss (Gain) on Financial Instruments (15) (18,758) (15) (155,566)
Interest Expense 234,432   250,646  
Total Non-Operating Expenses 234,417 (418,954) 250,631 2,495,206
Loss from continuing operations (6,765,657) (4,275,250) (11,545,158) (10,250,174)
Income from Discontinued Operations   177,706   177,706
Loss before income taxes (6,765,657) (4,097,544) (11,545,158) (10,072,468)
Net Loss $ (6,765,657) $ (4,097,544) $ (11,545,158) $ (10,072,468)
Loss per share:        
Basic $ (0.13) $ (0.09) $ (0.22) $ (0.24)
Diluted $ (0.13) $ (0.09) $ (0.22) $ (0.24)
Weighted average number of shares outstanding 51,505,095 45,304,419 51,373,939 41,366,327
Fully diluted shares outstanding 51,505,095 45,304,419 51,373,939 41,366,327