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

Company: Satellogic Inc.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 26
---
: Estimated Useful Life (in years)December 31,20242023Satellites and other equipment3-5$30,668 $68,184 Satellites under constructionNot applicable14,458 17,506 Leasehold improvements5-102,901 7,624 Other property and equipment3-104,307 4,241 Total property and equipment52,334 97,555 Less: Accumulated depreciation(25,106)(56,425)Property and equipment, net$27,228 $41,130 Provisions for depreciation are based on estimated useful lives of the assets using the straight-line method.Information related to our property and equipment and operating lease ROU assets by geography is as follows:December 31,20242023Uruguay$26,833 $36,428 Argentina392 807 Spain746 861 Netherlands— 5,896 Other countries134 333 Total (1) $28,105 $44,325 (1)The presentation in the table above is based on the geographic location of the entity that holds the assets.The Company wrote off $3.6 million of net leasehold improvements as a result of its Netherlands Lease termination (see Note 18 (Leases)) and recorded a non-cash loss of $3.6 million. The loss on disposal of property and equipment was recognized as a component of other expense (income) in the condensed consolidated statements of operations and comprehensive loss for the year ended December 31, 2024.

10. Additional Financial Statement Information

Prepaid Expenses and Other Current Assets                                                                                                                                                     December 31,20242023Prepaid expenses and other current assetsPrepaid expenses$2,892 $1,737 Advances to suppliers138 197 Other current assets877 239 Total$3,907 $2,173 

92

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

Accrued Expenses and Other LiabilitiesDecember 31,20242023Accrued expenses and other liabilitiesPayroll and benefits payable2,286 1,490 Advisory Fee Cash Payment7,500 — Other taxes payable1,835 2,882 Other516 526 Total$12,137 $4,898 Total current$11,621 $4