Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 93

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 8
Chunk 93
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 Other non-current assets1,010 1,189 Total cash, cash equivalents and restricted cash$33,579 $23,682 Cash Flow InformationThree Months Ended June 30,Six Months Ended June 30,2025202420252024Cash paid during the period for:Income tax, net of refunds$146 $1,974 $302 $1,974 Interest$3 $2 $1,673 $11 

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Table of ContentsSATELLOGIC INC. Notes to Condensed Consolidated Financial Statements (in thousands of U.S. dollars, except share and per share information, unless otherwise stated) 

June 30,20252024Supplemental cash flow informationUnpaid property and equipment included in accounts payable$375 $1,064 Research and Development

For the three months ended June 30, 2025 and 2024 research and development expenses were $1.2 million and $2.3 million, respectively and for the six months ended June 30, 2025, and 2024 were $2.6 million and $4.5 million, respectively. 

3. Accounting Standards Updates

Accounting Standards Not Yet AdoptedIn December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740)—Improvements to Income Tax Disclosures, which include improvements to income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. This ASU also includes certain other amendments to better align disclosures with Regulation S-X and to remove disclosures no longer considered cost beneficial or relevant. This ASU is effective for public entities for annual periods beginning after December 15, 2024, with earlier or retrospective application permitted. The amendments in this ASU should be applied prospectively for annual financial statements not yet issued or made available for issuance. The Company is currently evaluating the impact on its Consolidated Financial Statements and related disclosures.In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures – Disaggregation of Income Statement Expenses – Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures – Disaggregation of Income Statement Expenses, which has as its objective to “address requests from investors for more detailed information about the types of expenses in commonly presented expense captions (such