Other Balance Sheet Components

9 Months Ended

Sep. 30, 2024

Other Current Assets

Other current assets are comprised of the following items:

	September 30,		December 31,
		2024		2023
Advances to suppliers	$	4,449	$	298
Prepaid Directors & Officers insurance		597		467
Advances to employees		225		59
Prepaid income tax		176		-
Other assets		238		65
Total	$	5,685	$	889

Property Plant and Equipment

Property, plant and equipment consisted of the following:

	September 30,			December 31,
	2024				2023
Development mockups	$	516		$	516
Leasehold improvements		167			167
Computer hardware		15			15
Construction in progress		98			9
Total property, plant and equipment	$	796		$	707
Less: Accumulated depreciation		(286	)		(160	)
Total property, plant and equipment, net	$	510		$	547

Construction in progress includes costs incurred for the Company’s manufacturing facility to be constructed in Taubaté, São Paulo, Brazil and tooling for eVTOL production that is under construction by vendors that will be owned by the Company.

Other Current Payables

Other current payables are comprised of the following items:

	September 30,		December 31,
	2024			2023
Accrued expenses	$	11,082	$	7,075
Payroll accruals		4,772		4,737
Income tax payable		-		1,141
Other payables		1,844		293
Total	$	17,697	$	13,245

Other Non-Current Payables

Other non-current payables are comprised of the following items:

	September 30,		December 31,
	2024		2023
Advances from customers	$	1,534	$	1,284
Payroll accruals		598		867
Other payables		647		383
Total	$	2,779	$	2,535

Advances from customers relate to customers who have signed non-binding Letters of Intent to purchase eVTOLs.