Company: SRFM
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0000950170-25-043326
Chunk: 355

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 8
Chunk 355
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 data license fees
         
        $
        3,000

        $
        —

        Shares received as consideration for Mandatory Convertible Security
         
        $
        1,796

        $
        —

        Conversion of Mandatory Convertible Security to common shares
         
        $
        1,621

        $
        —

        Conversion of LamVen Term Notes
         
        $
        7,473

        $
        —

        Capitalized Interest on Convertible Notes
         
        $
        34

        $
        —

        Right-of-use assets obtained in exchange for new operating lease liabilities
         
        $
        10,144

        $
        1,656

        Right-of-use assets obtained in exchange for new finance lease liabilities
         
        $
        95

        $
        1,143

        Purchases of property and equipment included in accounts payable
         
        $
        326

        $
        382

        Prepaid expense and other current assets accrued in other current liabilities
         
        $
        —

        $
        1,989

Note 23. Net Loss per Share Applicable to Common Shareholders, Basic and DilutedThe Company calculates basic and diluted net loss per share attributable to common shareholders using the two-class method required for companies with participating securities. The Company considers preferred stock to be participating securities as the holders are entitled to receive dividends on a pari passu basis in the event that a dividend is paid on common shares. As outlined in “Internal Reorganization” and “Reverse Stock Split” in Note 1, Description of Business, the effects of conversions at a ratio of 22.4 Surf Air shares to 1 share of the Company’s common stock, and the subsequent seven-for-one reverse stock split for all shares of the Company’s common stock then issued and outstanding, have been applied to outstanding shares of common stock and rights to receive shares of common stock for all periods presented in calculating earnings per share and for presentation within the Statement of Changes in Redeemable Convertible Preferred Shares and Shareholders’ Equity/ (Deficit).The following table sets forth the computation of net loss per share applicable to common shareholders (in thousands, except share data): 

        Year Ended December 31,

        2024

        2023

        Net loss
         
        $
        (74,908
        )
         
        $
        (250,696
        )

        Weighted-average number of common shares used in