XML 38 R19.htm IDEA: XBRL DOCUMENT v3.23.3

Note 8 - Property and Equipment

9 Months Ended

12 Months Ended

Sep. 30, 2023

Dec. 31, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

8. Property and Equipment

Property and equipment, net consists of the following:

		Estimated Useful Life (in years)					September 30, 2023				December 31, 2022
Satellites and other equipment		3	-	5			$	68,369			$	54,370
Satellites under construction		Not applicable						16,032				22,194
Leasehold improvements		5	-	10				7,601				6,433
Other property and equipment		3	-	10				4,227				4,146
Total property and equipment								96,229				87,143
Less: Accumulated depreciation								(53,501	)			(39,162	)
Property and equipment, net							$	42,728			$	47,981

Information related to the Company’s property and equipment and operating lease ROU assets by geography is as follows:

		September 30, 2023				December 31, 2022
Uruguay		$	37,991			$	43,134
Argentina			930				1,346
Spain			828				729
Netherlands			11,820				9,471
Other countries			490				1,472
Total (1) (2) (3)		$	52,059			$	56,152

⁽¹⁾ Non-current assets include property and equipment, net and operating lease right-of-use assets.

⁽²⁾ Presentation in the table is based on the geographic location of the entity that holds the assets.

⁽³⁾ We do not have any non-current assets in the country of incorporation of the holding company.

8. Property and Equipment

Property and equipment, net consists of the following:

							December 31,
		Estimated Useful Life (in years)					2022				2021
Satellites in orbit			3				$	54,370			$	43,716
Satellites under construction		Not applicable						22,194				10,558
Leasehold improvements		5	-	10				6,433				769
Other property and equipment		3	-	10				4,146				2,138
Total property and equipment								87,143				57,181
Less: Accumulated depreciation								(39,162	)			(24,651	)
Property and equipment, net							$	47,981			$	32,530

Provisions for depreciation are based on estimated useful lives of the assets using the straight-line method.

Information related to our property and equipment and operating lease ROU assets by geography is as follows:

		December 31,
		2022				2021
Uruguay		$	43,134			$	33,208
Argentina			1,346				1,250
Spain			729				791
Netherlands			9,471				—
Other countries			1,472				236
Total (1) (2) (3)		$	56,152			$	35,485

⁽¹⁾ Non-current assets include property and equipment, net and operating lease right-of-use assets.

⁽²⁾ The presentation in the table above is based on the geographic location of the entity that holds the assets.

⁽³⁾ We do not have any non-current assets in the country of incorporation of the holding company.

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureTextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-7

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration