Company: MSTR
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000950170-25-021814
Chunk: 385

Company: Strategy Inc
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1B
Chunk 385
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 will be invoiced in the future are not presented on the balance sheet within accounts receivable and deferred revenues and are instead included in the following remaining performance obligation disclosure. As of December 31, 2024, the Company had an aggregate transaction price of $454.9 million allocated to the remaining performance obligation related to subscription services, product support, product licenses, and other services contracts.  The Company expects to recognize $278.4 million within the next 12 months and the remainder thereafter.

89

(6) Property and EquipmentProperty and equipment (in thousands) consisted of the following, as of: 

        December 31,

        2024

        2023

        Corporate aircraft and related equipment
         
        $
        48,645

        $
        48,645

        Computer equipment and purchased software

        61,828

        60,979

        Furniture and equipment

        9,708

        9,920

        Leasehold improvements

        29,547

        29,944

        Internally developed software

        9,917

        9,917

        Property and equipment, gross

        159,645

        159,405

        Less: accumulated depreciation and amortization

        (133,318
        )

        (130,464
        )

        Property and equipment, net
         
        $
        26,327

        $
        28,941

      Depreciation and amortization expenses related to property and equipment were $5.6 million, $6.4 million, and $6.7 million for the years ended December 31, 2024, 2023, and 2022, respectively.In December 2024, the Company entered into an agreement to purchase a new corporate aircraft and paid an initial deposit of $10.5 million, which is included in the “Deposits and other assets” line on the Consolidated Balance Sheet as of December 31, 2024. Additional installment payments totaling $68.0 million in the aggregate are expected through completion and delivery of the aircraft, currently anticipated in 2026.

(7) LeasesThe Company leases office space in the United States and foreign locations under operating lease agreements. Office space is the Company’s only material underlying asset class under operating lease agreements. The Company has no material finance leases.Under the Company’s office space lease agreements, fixed payments and variable payments that depend on an