Company: SRFM
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0000950170-25-043326
Chunk: 316

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 8
Chunk 316
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 assets will be amortized over the assets’ estimated useful lives based on the pattern in which the economic benefits are expected to be received to depreciation and amortization expense.The Consolidated Statement of Operations include the following revenue and net loss attributable to Southern from the date of acquisition, July 27, 2023, to December 31, 2023: 

        July 27, 2023 through December 31, 2023

        Revenue
         
        $
        37,371

        Net Loss
         
        $
        (4,870
        )
       
       Unaudited Supplemental Pro Forma InformationFollowing are the supplemental consolidated financial results of the Company on an unaudited pro forma basis, as if the Southern Acquisition had been consummated as of January 1, 2022: 

        Year Ended December 31,

        2023

        Revenue
         
        $
        112,869

        Net loss
         
        $
        (184,596
        )
       
       The unaudited pro forma financial information presented above has been calculated after adjusting the results of operations of the Company to reflect certain business combination effects, including the amortization of the acquired intangible assets, associated income tax impacts, incremental financing costs, and one-time acquisition-related costs incurred by the Company as though the Southern Acquisition occurred as of January 1, 2022. The pro forma financial information is for informational purposes only and not indicative of the results of operations that would have been achieved if this business combination had taken place as of January 1, 2022, nor is it indicative of future results of operations.

88

Note 4. Prepaids and Other Current AssetsPrepaid expenses and other current assets consisted of the following (in thousands): 

        December 31,2024

        December 31,2023

        Prepaid insurance
         
        $
        766

        $
        2,306

        Prepaid software

        2,177

        2,647

        Prepaid marketing

        2,434

        2,406

        Engine reserves

        1,667

        1,150

        Vendor operator prepayments

        744

        634

        Prepaid fuel

        39

        301

        Other

        684

        1,607

        Total prepaid expenses and other current assets
         
        $