XML 30 R5.htm IDEA: XBRL DOCUMENT v3.24.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Revenue $ 73,338 $ 96,706
Costs and expenses:    
Cost of revenue 82,025 94,280
Selling, general and administrative 28,822 11,611
Total costs and expenses 110,847 105,891
Loss from operations (37,509) (9,185)
Other income (expenses):    
Gain from sale of consolidated entity 387 0
Gain from sale of equity-method investment 883 581
Other income 180 15
Loss from change in fair value forward purchase agreement (13,403) 0
Interest expense, net (3,358) (866)
Other expenses (15,311) (270)
Loss before provision for income taxes (52,820) (9,455)
Provision for incomes taxes (benefit) 2 (55)
Net Loss before non-controlling interest (52,822) (9,400)
Less: Net Loss attributable to non-controlling interest 0 (33)
Net Loss attributable to Volato Group, Inc. $ (52,822) $ (9,367)
Basic and Diluted net loss per share    
Basic net loss per share (in dollars per share) $ (3.46) $ (0.83)
Diluted net loss per share (in dollars per share) $ (3.46) $ (0.83)
Weighted average common share outstanding:    
Weighted average common share outstanding, basic (in shares) 15,245,004 11,268,879
Weighted average common share outstanding, diluted (in shares) 15,245,004 11,268,879