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Intangible Assets
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
Intangible Assets
13.
Intangible Assets

Intangible assets, net are as follows:

 

June 30, 2025

 

 

Intangible
Assets, Gross

 

 

Accumulated
Amortization

 

 

Intangible
Assets, Net

 

 

Weighted-
Average
Useful Life
(in years)

 

Software - in service

 

$

4,001

 

 

$

(3,325

)

 

$

676

 

 

 

3

 

FAA certificate

 

 

650

 

 

 

 

 

 

650

 

 

Indefinite

 

Total acquired intangible assets

 

$

4,651

 

 

$

(3,325

)

 

$

1,326

 

 

 

 

 

 

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

 

 

 

 

 

Amortization of intangible assets was $145 and $297 for the three and six months ended June 30, 2025, respectively, and $308 and $602 for the three and six months ended June 30, 2024, respectively. The Company did not record any impairment charges related to intangible assets for the three and six months ended June 30, 2025 and 2024.

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

 

Fiscal Year

 

Amount

 

Remainder of 2025

 

$

256

 

2026

 

 

332

 

2027

 

 

87

 

2028

 

 

1

 

2029

 

 

 

Thereafter

 

 

 

 

$

676

 

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