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Prepaid Expenses and Other Current Assets (Tables)
6 Months Ended
Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following:
(In thousands)December 31,
2023
December 31,
2022
Prepaid vendor expenses$2,520 $1,717 
Prepaid insurance446 1,894 
Capitalized transaction costs*— 1,233 
Prepaid directors and officers insurance2,518 — 
Prepaid maintenance60 181 
Prepaid non-aircraft subscriptions113 135 
MRO revenue in excess of billings581 292 
Deferred commission514 413 
$6,752 $5,865 
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*The capitalized transaction costs consist of advisory, legal, and other professional fees that are specific incremental costs directly attributable to the offering of securities associated with the Closing of the Merger. On the Closing Date, these capitalized transaction costs were reclassified from prepaid expenses and other current assets to a reduction to additional paid-in capital.
Prepaid expenses and other current assets consisted of the following:
June 30,
2024
December 31,
2023
Prepaid vendor expenses$2,253 $2,520 
Prepaid insurance243 446 
Prepaid directors and officers insurance1,259 2,518 
Prepaid maintenance60 
Prepaid non-aircraft subscriptions375 113 
MRO revenue in excess of billings697 581 
Deferred commission560 514 
$5,394 $6,752