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Segments | 9 Months Ended
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Sep. 30, 2024
Segments |
Segments | Note 17 – Segments Operating segment information is presented in a manner consistent with the internal reports provided to the Chief Operating Decision Maker (“CODM”). Given the Company’s pre-revenue operating stage, it currently has no concentration exposure to products, services, or customers. The Company determined that it currently operates in three different operating and reportable segments as the CODM assesses the operation results by each R&D project, as follows: eVTOL The Company is designing and certifying an eVTOL purpose-built for UAM missions and plans to market its eVTOLs globally to operators of UAM services, including fixed wing and helicopter operators, as well as lessors that purchase and manage aircraft on behalf of operators. Service and Operations Solutions The Company plans to offer a full suite of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling and data services. Its services will be offered to UAM fleet operators on an agnostic basis, supporting both its own eVTOL and those produced by third parties. UATM The Company is developing next-generation Urban Air Traffic Management (“UATM”) software named Vector to help enable eVTOLs to operate safely and efficiently in dense urban airspace along with conventional fixed wing and rotary aircraft and unmanned drones. The Company expects to offer Vector primarily as a subscription software offering to customers that include air navigation service providers, fleet operators and vertiport operators. The CODM receives information related to the operating results based on R&D expenses by segment. Asset information by segment is not presented to the CODM.
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
​Research and development expenses by segment |  |  | 2024 |  |  |  | 2023 |  |  |  | 2024 |  |  |  | 2023 |
eVTOL |  | $ | 29,965 |  |  | $ | 25,777 |  |  | $ | 88,047 |  |  | $ | 65,601 |
Service and Operations Solutions |  |  | 1,026 |  |  |  | 1,606 |  |  |  | 4,299 |  |  |  | 3,270 |
UATM |  |  | 1,428 |  |  |  | 1,259 |  |  |  | 3,846 |  |  |  | 3,120 |
Total research and development expenses |  | $ | 32,419 |  |  | $ | 28,642 |  |  | $ | 96,191 |  |  | $ | 71,992 |
(Income)/expense not allocated to segments, net |  |  | 2,942 |  |  |  | 1,470 |  |  |  | (164 | ) |  |  | 14,826 |
Loss before income taxes |  | $ | (35,361 | ) |  | $ | (30,112 | ) |  | $ | (96,027 | ) |  | $ | (86,817 | )

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- Definition The entire disclosure for reporting segments including data and tables. 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