XML 214 R73.htm IDEA: XBRL DOCUMENT
v3.24.1

FORWARD PURCHASE AGREEMENT (Details) $ / shares in Units, $ in Thousands, shares in Millions |  | 1 Months Ended | 12 Months Ended
--- | --- | --- | ---
Nov. 28, 2023 d $ / shares shares | Dec. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($)
Derivative [Line Items] |  |  |  |
Purchase of forward purchase agreement | $ |  |  | $ 18,911 | $ 0
Proceeds from forward purchase agreement | $ |  | $ 2,400 | 2,525 | 0
Loss on the change in fair value of the forward purchase agreement | $ |  |  | $ 13,403 | $ 0
Forward Purchase Agreement |  |  |  |
Derivative [Line Items] |  |  |  |
Number of shares available to be purchased (in shares) | shares | 2.0 |  |  |
Valuation date | 24 months |  |  |
Trigger event, trading days | d | 20 |  |  |
Trigger event, consecutive trading days below $1.00 | d | 30 |  |  |
Cash settlement payment date | d | 70 |  |  |
Consideration multiplier | $ / shares | $ 1.5 |  |  |

X
- Definition Derivative Instrument, Cash Settlement Payment Date + References No definition available. + Details
Name: | soar_DerivativeInstrumentCashSettlementPaymentDate
Namespace Prefix: | soar_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Derivative Instrument, Consideration Multiplier + References No definition available. + Details
Name: | soar_DerivativeInstrumentConsiderationMultiplier
Namespace Prefix: | soar_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Derivative Instrument, Forward Share Purchase Agreement, Number Of Shares To Be Purchased + References No definition available. + Details
Name: | soar_DerivativeInstrumentForwardSharePurchaseAgreementNumberOfSharesToBePurchased
Namespace Prefix: | soar_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Derivative Instrument, Stock Price Threshold Consecutive Trading Days Share Price Below One Dollar + References No definition available. + Details
Name: | soar_DerivativeInstrumentStockPriceThresholdConsecutiveTradingDaysSharePriceBelowOneDollar
Namespace Prefix: | soar_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Derivative Instrument, Stock Price Threshold Trading Days + References No definition available. + Details
Name: | soar_DerivativeInstrumentStockPriceThresholdTradingDays
Namespace Prefix: | soar_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Derivative Instrument, Valuation Date + References No definition available. + Details
Name: | soar_DerivativeInstrumentValuationDate
Namespace Prefix: | soar_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480237/815-40-50-5 + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The cash outflow for derivative instruments during the period, which are classified as financing activities, excluding those designated as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 23 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 15 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15 + Details
Name: | us-gaap_PaymentsForDerivativeInstrumentFinancingActivities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash inflow provided by derivative instruments during the period, which are classified as financing activities, excluding those designated as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 23 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-14 + Details
Name: | us-gaap_ProceedsFromDerivativeInstrumentFinancingActivities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(7)(c)(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(7)(c)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(7)(c)(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(7)(c)(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5A -Subparagraph (SX 210.12-13A(Column F)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5A + Details
Name: | us-gaap_UnrealizedGainLossOnDerivatives
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForwardContractsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |