FLYEXCLUSIVE INC.
For the period ended Jun 30, 2025. Filed Aug 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.
Jun 30, 2025 · Filed Aug 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 | $(3,325) | $676 | 3 | |
| FAA certificate | 650 | — | 650 | Indefinite | |
| Total acquired intangible assets | $4,651 | $(3,325) | $1,326 | ||
| 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 $145 and $297 for thethree and six months ended June 30, 2025, respectively, and $308 and $602 for thethree and six months ended June 30, 2024, respectively. The Company didnot record any impairment charges related to intangible assets for thethree and six months ended June 30, 2025 and 2024.
The following is a schedule of estimated amortization expense for the following periods:
| Fiscal Year | Amount |
|---|---|
| Remainder of 2025 | $256 |
| 2026 | 332 |
| 2027 | 87 |
| 2028 | 1 |
| 2029 | — |
| Thereafter | — |
| $676 |
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