Company: SATLW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001628280-25-014951
Chunk: 16

Company: Satellogic Inc.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 16
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Cash and cash equivalents$22,493 $23,476 Restricted cash included in Other non-current assets1,189 1,127 Total cash, cash equivalents and restricted cash$23,682 $24,603 Cash Flow InformationYear Ended December 31,20242023Cash paid during the period for:Income tax, net of refunds$2,799 $1,673 Interest$1,596 $28 December 31,20242023Supplemental cash flow informationUnpaid property and equipment included in accounts payable December 31$773 $1,978 Research and DevelopmentResearch and development (R&D) costs are expensed in the period in which they are incurred. R&D costs include materials and equipment that have no alternative future use, depreciation on equipment and facilities currently used for R&D purposes, personnel costs, contract services and reasonable allocations of indirect costs, if clearly related to an R&D activity. Expenditures in the pre-production phase of an R&D project are recorded as R&D expense. Research and development expenses for the years ended December 31, 2024 and 2023 were $7.5 million and $10.7 million, respectively and are included within  Engineering costs on the statement of operations and comprehensive loss.Tax Collected from Customers 

Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, which are collected by the Company from customers, are excluded from revenue. 

3. Accounting Standards Updates

Accounting Standards Recently AdoptedIn November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280)—Improvements to Reportable Segment Disclosures, which aims to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. In addition, the amendments in the ASU enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. The ASU applies to all public entities that are required to report segment information in accordance with ASC 280, and is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company has implemented this guidance as of and for the year ended December 31, 202