Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Summary of Future Minimum Lease Payments under Finance and Operating Lease Liabilities

The following table provides details of the Company's future minimum lease payments under finance lease liabilities and operating lease liabilities recorded on the Company's condensed consolidated balance sheets as of June 30, 2023. The table does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.

	Finance Leases		Operating Leases
Remainder of 2023	$	443,839	$	8,358,750
2024		887,679		15,557,500
2025		887,679		15,455,000
2026		887,679		14,322,100
2027		770,680		11,510,000
2028 and thereafer		1,038,380		27,205,710
Total minimum lease payments		4,915,936		92,409,060
Less amount representing interest		1,346,860		28,795,674
Present value of minimum lease payments		3,569,076		63,613,386
Less current portion		488,342		9,148,095
Long-term portion		3,080,734		54,465,291

Schedule of Lease Costs Related to Finance and Operating Leases

The table below presents information for lease costs related to the Company's finance and operating leases:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Finance lease cost
Amortization of leased assets	$	104,646	$	-	$	218,655	$	-
Interest of lease liabilities		101,429		—		202,064		—
Operating lease cost
Operating lease cost (1)		1,799,976		2,061,074		3,646,948		1,913,191
Total lease cost		2,006,051		2,061,074		4,067,667		1,913,191

(1) Expenses are classified within Aircraft Rent on the Company's condensed consolidated statements of operations.

Schedule of Lease Terms and Discount Rates Related to Finance and Operating Leases

The table below presents lease terms and discount rates related to the Company's finance and operating leases:

	June 30, 2023			June 30, 2022
Weighted-average remaining lease term
Operating leases	6.52 years			4.81 years
Finance leases	5.71 years				—
Weighted-average discount rate
Operating leases		12.12	%		10.55	%
Finance leases		12.16	%		—

Schedule of Cash and Non-cash Activities Associated with Leases

The table below presents cash and non-cash activities associated with our leases:

	Six Months Ended June 30,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,668,823	$	1,387,700
Financing cash flows from finance leases		220,895		—