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Prepaid Expenses and Other Current Assets (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 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:

 

 

June 30,
2025

 

 

December 31,
2024

 

Prepaid vendor expenses

 

$

3,109

 

 

$

3,239

 

Prepaid insurance

 

 

3,133

 

 

 

690

 

Prepaid directors and officers insurance

 

 

1,097

 

 

 

2,032

 

Prepaid maintenance

 

 

391

 

 

 

154

 

Prepaid non-aircraft subscriptions

 

 

187

 

 

 

407

 

MRO revenue in excess of billings

 

 

672

 

 

 

326

 

Deferred commission

 

 

854

 

 

 

923

 

 

$

9,443

 

 

$

7,771

 

Prepaid expenses and other current assets consisted of the following:

 

(in thousands)

 

 

December 31,

2024

 

 

 

December 31,

2023

 

Prepaid vendor expenses

 

$

3,239

 

 

$

2,520

 

Prepaid insurance

 

 

690

 

 

 

446

 

Prepaid directors and officers insurance

 

 

2,032

 

 

 

2,518

 

Prepaid maintenance

 

 

154

 

 

 

60

 

Prepaid non-aircraft subscriptions

 

 

407

 

 

 

113

 

MRO revenue in excess of billings

 

 

326

 

 

 

581

 

Deferred commission

 

 

923

 

 

 

514

 

 

 

$

7,771

 

 

$

6,752