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Summary of Significant Accounting Policies (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2022

Dec. 31, 2021

Summary of Separation-related adjustments

		As of December 31, 2021				Separation- Related Adjustment				As of January 1, 2022
Assets
Current:
Cash and equivalents		$	14,376,523			$	(8	)		$	14,376,515
Related party receivables			220,000				—				220,000
Other current assets			6,274,397				(8,567	)			6,265,830
Total current assets			20,870,920				(8,575	)			20,862,345
Capitalized software, net			699,753				(699,753	)			—
Total assets		$	21,570,673			$	(708,328	)		$	20,862,345
Liabilities and Net Parent Equity
Current:
Accounts payable			877,641				(718,232	)			159,409
Related party payables			8,642,340				1,110,032				9,752,372
Derivative financial instruments			32,226				(32,226	)			—
Other payables			616,156				(94,361	)			521,795
Total current liabilities			10,168,363				265,213				10,433,576
Other noncurrent payables			702,921				(297,921	)			405,000
			10,871,284				(32,708	)			10,838,576

		As of December 31, 2021				Separation- Related Adjustment				As of January 1, 2022
Net parent equity
Net parent investment			10,731,615				(707,846	)			10,023,769
Accumulated other comprehensive income/ (loss)			(32,226	)			32,226				—
Total net parent equity			10,699,389				(675,620	)			10,023,769
Total liabilities and net parent equity		$	21,570,673			$	(708,328	)		$	20,862,345

Schedule of Restricted Stock Units ("RSUs"), valuation assumptions

		May 9, 2022
		(as restated)
Share Price (SO) - US$		$	11.32
Maturity Date			05/09/27
Time (T) - Years			4.98
Strike Price (X)		$	—
Risk-free Rate (r)			2.95	%
Volatility (s)			47.17	%
Dividend Yield (q)			0.00	%
RSU Value (US$)		$	17.01

Summary of Reconciliation of Operating Profit (Loss) from Segments to Consolidated

		Three Months Ended September 30,								Nine Months Ended September 30,
Segments		2022				2021				2022				2021
						(as restated)								(as restated)
eVTOL
Research and development expenses		$	(12,297,904	)		$	(2,791,242	)		$	(28,183,054	)		$	(6,182,696	)
UATM
Research and development expenses			(1,524,028	)			(14,713	)			(4,299,873	)			(453,722	)
Service and Support
Research and development expenses			(476,993	)			—				(1,347,963	)			—
Total allocated expenses			(14,298,925	)			(2,805,955	)			(33,830,890	)			(6,636,418	)
Unallocated amounts
Selling, general and administrative/New Warrants expenses			(24,269,275	)			(939,106	)			(128,668,241	)			(3,265,612	)
Loss from operations		$	(38,568,200	)		$	(3,745,061	)		$	(162,499,131	)		$	(9,902,030	)

The information provided to the CODM are as follows:

		Year Ended December 31,
		2021				2020				2019
		As Restated
Segments R&D expenses
eVTOL		$	(11,207,794	)		$	(7,583,456	)		$	(5,255,068	)
UATM			(2,071,986	)			(774,587	)			(692,226	)
Total segments expenses			(13,279,780	)			(8,358,043	)			(5,947,294	)
Corporate/Unallocated amounts
Selling, general and administrative			(4,898,942	)			(1,233,876	)			(1,739,815	)
Loss from operations			(18,178,722	)			(9,591,919	)			(7,687,109	)
Financial and foreign exchange gain, net			(77,147	)			(34,023	)			1,590
Loss before income taxes		$	(18,255,869	)		$	(9,625,942	)		$	(7,685,519	)

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