v3.25.1
Intangible Assets
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
13.
Intangible Assets

Intangible assets, net are as follows:

 

 

 

 

December 31, 2024

 

 

 

 

Intangible

Assets, Gross

 

 

 

Accumulated

Amortization

 

 

 

Intangible

Assets, Net

 

 

 

Weighted-Average

Useful Life

(in years)

 

Software - in service

 

$

3,978

 

 

$

(3,028

)

 

$

950

 

 

 

3

 

FAA certificate

 

 

650

 

 

 

—

 

 

 

650

 

 

 

Indefinite

 

Total acquired intangible assets

 

$

4,628

 

 

$

(3,028

)

 

$

1,600

 

 

 

 

 

 

 

 

 

December 31, 2023

 

 

 

 

Intangible

Assets, Gross

 

 

 

Accumulated

Amortization

 

 

 

Intangible

Assets, Net

 

 

 

Weighted-Average

Useful Life

(in years)

 

Software - in service

 

$

3,486

 

 

$

(1,902

)

 

$

1,584

 

 

 

3

 

FAA certificate

 

 

650

 

 

 

—

 

 

 

650

 

 

 

Indefinite

 

Total acquired intangible assets

 

$

4,136

 

 

$

(1,902

)

 

$

2,234

 

 

 

 

 

 

Amortization of intangible assets was $1,126 and $1,004 for the years ended December 31, 2024 and 2023, respectively. The Company did not record any impairment charges related to definite-lived intangible assets for the years ended December 31, 2024 and 2023.

The following is a schedule of estimated amortization expense for the following periods:

 

Fiscal Year

 

 

Amount

2025

 

$

547

2026

 

 

324

2027

 

 

79

2028

 

 

—

2029

 

 

—

Thereafter

 

 

—

 

 

$

950