FLYEXCLUSIVE INC.
For the period ended Mar 31, 2025. Filed May 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 13, 2025
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13. Intangible Assets
Intangible Assets
Intangible assets, net are as follows:
| IntangibleAssets, Gross · AccumulatedAmortization · IntangibleAssets, Net · Weighted-AverageUseful Life(in years) | |||||
|---|---|---|---|---|---|
| Software - in service | $4,001 | $(3,180) | $821 | 3 | |
| FAA certificate | 650 | — | 650 | Indefinite | |
| Total acquired intangible assets | $4,651 | $(3,180) | $1,471 | ||
| IntangibleAssets, Gross · AccumulatedAmortization · IntangibleAssets, Net · Weighted-AverageUseful Life(in years) | |||||
|---|---|---|---|---|---|
| Software - in service | $3,978 | $(3,028) | $950 | 3 | |
| FAA certificate | 650 | — | 650 | Indefinite | |
| Total acquired intangible assets | $4,628 | $(3,028) | $1,600 | ||
Amortization of intangible assets was $152 and $294 for thethree months ended March 31, 2025 and 2024, respectively. The Company didnot record any impairment charges related to intangible assets for thethree months ended March 31, 2025 and 2024.
The following is a schedule of estimated amortization expense for the following periods:
| Fiscal Year | Amount |
|---|---|
| Remainder of 2025 | $401 |
| 2026 | 332 |
| 2027 | 87 |
| 2028 | 1 |
| 2029 | — |
| Thereafter | — |
| $821 |
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