2024 Q1 Form 10-K Financial Statement

#000095017024038767 Filed on March 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $30.62M $26.84M $60.51M
YoY Change 456.09% 32.37% 198.44%
Cost Of Revenue $28.49M $24.04M $54.94M
YoY Change 328.41% -3.17% 121.32%
Gross Profit $2.135M $2.798M $5.564M
YoY Change -286.79% -161.49% -222.29%
Gross Profit Margin 6.97% 10.43% 9.2%
Selling, General & Admin $27.62M $33.06M $117.7M
YoY Change 180.81% -21.35% 179.92%
% of Gross Profit 1293.58% 1181.7% 2114.92%
Research & Development $7.009M $16.34M $20.85M
YoY Change 763.18% 396.93% 533.93%
% of Gross Profit 328.29% 584.13% 374.73%
Depreciation & Amortization $1.978M $1.887M $3.762M
YoY Change 666.67% 268.55% 266.31%
% of Gross Profit 92.65% 67.44% 67.61%
Operating Expenses $27.62M $51.29M $142.3M
YoY Change 153.26% 10.66% 206.96%
Operating Profit -$34.47M -$48.50M -$136.7M
YoY Change 186.11% -4.73% 168.59%
Interest Expense $1.671M -$2.141M -$53.20M
YoY Change -120.21% -92.44% 87.94%
% of Operating Profit
Other Income/Expense, Net -$2.541M -$44.00K -$3.708M
YoY Change 884.88% -96.01% 236.48%
Pretax Income -$37.00M -$110.7M -$254.0M
YoY Change 79.85% 48.9% 241.57%
Income Tax -$46.00K $267.0K -$3.304M
% Of Pretax Income
Net Earnings -$36.97M -$111.0M -$250.7M
YoY Change 79.68% 49.26% 237.13%
Net Earnings / Revenue -120.71% -413.6% -414.34%
Basic Earnings Per Share -$0.48 -$6.35
Diluted Earnings Per Share -$0.48 -$1.49 -$6.35
COMMON SHARES
Basic Shares Outstanding 80.77M 73.63M 39.47M
Diluted Shares Outstanding 77.31M 39.47M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.278M $1.720M $1.720M
YoY Change 430.29% 28566.67% 28566.67%
Cash & Equivalents $1.278M $1.720M
Short-Term Investments
Other Short-Term Assets $10.73M $11.05M $11.05M
YoY Change 40.36% 42.5% 42.5%
Inventory
Prepaid Expenses
Receivables $4.710M $4.965M $4.965M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.71M $17.74M $17.74M
YoY Change 106.28% 123.88% 123.88%
LONG-TERM ASSETS
Property, Plant & Equipment $46.71M $60.15M $60.15M
YoY Change 3121.1% 9539.74% 3304.19%
Goodwill $0.00
YoY Change
Intangibles $25.78M $26.66M
YoY Change 759.54%
Long-Term Investments
YoY Change
Other Assets $5.262M $6.438M $6.438M
YoY Change 480.15% 136.52% 136.52%
Total Long-Term Assets $92.07M $93.25M $93.25M
YoY Change 1656.45% 1514.77% 1514.77%
TOTAL ASSETS
Total Short-Term Assets $16.71M $17.74M $17.74M
Total Long-Term Assets $92.07M $93.25M $93.25M
Total Assets $108.8M $111.0M $111.0M
YoY Change 715.24% 710.32% 710.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.58M $18.85M $18.85M
YoY Change 34.94% 46.26% 46.26%
Accrued Expenses $300.0K $63.69M $63.69M
YoY Change -97.94% 332.06% 307.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.080M $13.13M $13.13M
YoY Change -71.07% -18.42% -18.42%
Total Short-Term Liabilities $165.5M $140.1M $140.1M
YoY Change 138.4% 144.11% 144.11%
LONG-TERM LIABILITIES
Long-Term Debt $19.99M $21.75M $21.75M
YoY Change -54.51% -42.32% -42.32%
Other Long-Term Liabilities $22.54M $26.61M $26.61M
YoY Change 107.6% 172.55% 165.85%
Total Long-Term Liabilities $42.52M $48.36M $48.36M
YoY Change -22.39% 395.39% 1.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $165.5M $140.1M $140.1M
Total Long-Term Liabilities $42.52M $48.36M $48.36M
Total Liabilities $215.1M $188.5M $188.5M
YoY Change 73.19% 79.3% 79.3%
SHAREHOLDERS EQUITY
Retained Earnings -$639.5M -$602.5M
YoY Change 71.25%
Common Stock $533.2M $525.1M
YoY Change 315.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$106.3M -$77.49M -$77.49M
YoY Change
Total Liabilities & Shareholders Equity $108.8M $111.0M $111.0M
YoY Change 715.24% 710.32% 710.32%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$36.97M -$111.0M -$250.7M
YoY Change 79.68% 49.26% 237.13%
Depreciation, Depletion And Amortization $1.978M $1.887M $3.762M
YoY Change 666.67% 268.55% 266.31%
Cash From Operating Activities -$12.81M -$19.30M -$64.37M
YoY Change 42.0% 53.33% 129.59%
INVESTING ACTIVITIES
Capital Expenditures $715.0K -$4.023M $7.778M
YoY Change 441.67% -1477.74% 2510.07%
Acquisitions
YoY Change
Other Investing Activities $0.00 $678.0K
YoY Change
Cash From Investing Activities -$743.0K $4.023M -$7.100M
YoY Change 462.88% -1477.74% 2282.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $28.32M
YoY Change 1823.85%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.11M 10.88M 72.99M
YoY Change 39.66% 54.51% 163.76%
NET CHANGE
Cash From Operating Activities -12.81M -19.30M -64.37M
Cash From Investing Activities -743.0K 4.023M -7.100M
Cash From Financing Activities 13.11M 10.88M 72.99M
Net Change In Cash -440.0K -4.394M 1.519M
YoY Change -286.44% -24.71% -329.46%
FREE CASH FLOW
Cash From Operating Activities -$12.81M -$19.30M -$64.37M
Capital Expenditures $715.0K -$4.023M $7.778M
Free Cash Flow -$13.53M -$15.27M -$72.15M
YoY Change 47.77% 18.61% 154.63%

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StockIssuedDuringPeriodValueWarrantsExercised
128000
CY2023 srfm Issuance Of Related Party Simple Agreements For Future Equity
IssuanceOfRelatedPartySimpleAgreementsForFutureEquity
444000
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
191000
CY2023 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
855000
CY2023 srfm Conversion Of Convertible Notes To Class Of Redeemable Convertible Preferred Shares Amount
ConversionOfConvertibleNotesToClassOfRedeemableConvertiblePreferredSharesAmount
10494000
CY2023 srfm Conversion Of Redeemable Convertible Preferred Shares To Common Shares Amount
ConversionOfRedeemableConvertiblePreferredSharesToCommonSharesAmount
137463000
CY2023 srfm Issuance Of Common Shares To Settle Safes Amount
IssuanceOfCommonSharesToSettleSafesAmount
86827000
CY2023 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
81250000
CY2023 srfm Issuance Of Common Stock Related To Contract Termination Amount
IssuanceOfCommonStockRelatedToContractTerminationAmount
3175000
CY2023 srfm Issuance Of Common Stock Under Software License Agreement Value
IssuanceOfCommonStockUnderSoftwareLicenseAgreementValue
2000000
CY2023 srfm Issuance Of Common Stock In Settlement Of Advisor Accrual Amount
IssuanceOfCommonStockInSettlementOfAdvisorAccrualAmount
75000
CY2023 srfm Issuance Of Common Shares Under Gem Purchase Amount
IssuanceOfCommonSharesUnderGemPurchaseAmount
25000000
CY2023 srfm Issuance Of Common Shares Under Share Purchase Agreement Amount
IssuanceOfCommonSharesUnderSharePurchaseAgreementAmount
13020000
CY2023 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1273000
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
31077000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-250696000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-77485000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-250696000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-74362000
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3762000
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1027000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
60045000
CY2023 srfm Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
2147000
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-326000
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5951000
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
48252000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12452000
CY2023 srfm Changes In Fair Value Of Financial Instruments Carried At Fair Value
ChangesInFairValueOfFinancialInstrumentsCarriedAtFairValue
-50230000
CY2022 srfm Changes In Fair Value Of Financial Instruments Carried At Fair Value
ChangesInFairValueOfFinancialInstrumentsCarriedAtFairValue
-27711000
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
97000
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
46000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3321000
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
262000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
146000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
959000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-173000
CY2023 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
336000
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
126000
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2656000
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1336000
CY2023 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
4189000
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
18953000
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
5736000
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2884000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3950000
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2179000
CY2023 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-33000
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-9000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-64371000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-28037000
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7588000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
99000
CY2023 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
678000
CY2023 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
190000
CY2022 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
199000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7100000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-298000
CY2023 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
40000
CY2022 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
5000
CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1349000
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
3716000
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
15100000
CY2023 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
10200000
CY2023 us-gaap Proceeds From Repayments Of Accounts Receivable Securitization
ProceedsFromRepaymentsOfAccountsReceivableSecuritization
-33000
CY2023 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
8000000
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
4000000
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
22502000
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
7106000
CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
114000
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
113000
CY2023 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
3000000
CY2022 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
1400000
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
25000000
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1273000
CY2023 srfm Common Stock Issued For Contract Termination
CommonStockIssuedForContractTermination
3175000
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
65000
CY2023 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
128000
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
191000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
72990000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
27673000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1519000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-662000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
912000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1574000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2431000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
912000
CY2018Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
1900000
CY2023Q4 srfm Outstanding Property Tax Liability Including Penalties And Interests
OutstandingPropertyTaxLiabilityIncludingPenaltiesAndInterests
1900000
CY2023 srfm Amount Of Property Tax Interest And Penalties Related To Tax Lien
AmountOfPropertyTaxInterestAndPenaltiesRelatedToTaxLien
1200000
CY2023 srfm Principal Amount Outstanding On Future Equity With Token Allocation Note
PrincipalAmountOutstandingOnFutureEquityWithTokenAllocationNote
500000
CY2023 srfm Past Due Rental And Maintenance Payments Under Aircraft Leases
PastDueRentalAndMaintenancePaymentsUnderAircraftLeases
5000000
CY2022 srfm Past Due Rental And Maintenance Payments Under Aircraft Leases
PastDueRentalAndMaintenancePaymentsUnderAircraftLeases
5000000
CY2023Q4 srfm Repayment Of Past Due Rental And Maintenance At Contingent Capital Contribution
RepaymentOfPastDueRentalAndMaintenanceAtContingentCapitalContribution
1000000
CY2023Q4 srfm Current Liability As Potentially Triggered By Capital Contributions
CurrentLiabilityAsPotentiallyTriggeredByCapitalContributions
1000000
CY2023Q4 srfm Payments Made Under Payment Plan
PaymentsMadeUnderPaymentPlan
0
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of income and expense during the reporting period.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">On an ongoing basis, the Company evaluates its estimates using historical experience and other factors including the current economic and regulatory environment as well as management’s judgment. Items subject to such estimates and assumptions include: revenue recognition and related allowances, valuation allowance on deferred tax assets, certain accrued liabilities, useful lives and recoverability of long-lived assets, fair value of assets acquired and liabilities assumed in acquisitions, legal contingencies, assumptions underlying convertible notes and convertible securities carried at fair value and stock-based compensation. These estimates may change as new events occur and additional information is obtained and such changes are recognized in the consolidated financial statements as soon as they become known. Actual results could differ from those estimates, and any such differences may be material to the Company’s consolidated financial statements.</span></p>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Concentration of Risk</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and accounts receivable. All of the Company’s cash deposits are held at financial institutions that management believes to be of high credit quality. The Company’s cash deposit accounts may exceed federally insured limits at times. The Company has not experienced any losses on cash deposits to date. For the years ended December 31, 2023 and 2022, the US DOT accounted for </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">32</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">0</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%, respectively, of the Company's consolidated revenues.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">We are dependent on part suppliers to deliver necessary airplane components in a timely manner at prices and quality levels acceptable to us. Our inability to efficiently manage these suppliers could have a material adverse effect on our business, prospects, financial condition and operating results.</span></p>
CY2023 srfm Percentage Of Company Revenues
PercentageOfCompanyRevenues
0.32
CY2022 srfm Percentage Of Company Revenues
PercentageOfCompanyRevenues
0
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
700000
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
900000
CY2023 srfm Maximum Unsettled Amount Receivable
MaximumUnsettledAmountReceivable
5000000
CY2023 srfm Schedule Of Estimated Useful Lives Of Property And Equipment
ScheduleOfEstimatedUsefulLivesOfPropertyAndEquipment
<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Maintenance and repairs are expensed as incurred. Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets, or, in the case of leasehold improvements, over the term of the lease or economic life, whichever is shorter as follows:</span></p> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:48.67%;"></td> <td style="width:1.9%;"></td> <td style="width:49.43%;"></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:middle;border-bottom:0.5pt solid #000000;text-align:left;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;min-width:fit-content;">Assets</span></p></td> <td style="vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="vertical-align:middle;border-bottom:0.5pt solid #000000;text-align:left;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;min-width:fit-content;">Depreciable Life</span></p></td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Aircraft, equipment and rotable spares</span></p></td> <td style="vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">3</span></span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;"> to </span><span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">20</span></span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;"> years</span></p></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Leasehold improvements</span></p></td> <td style="vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span><span style="-sec-ix-hidden:F_9810fd86-77f1-4abf-ab62-1d6df4a513de;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Shorter of the estimated lease term</span></span></span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;"> or </span><span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">5</span></span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;"> years</span></p></td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Office, vehicles and ground equipment</span></p></td> <td style="vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">3</span></span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;"> years and </span><span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">5</span></span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;"> years</span></p></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Internal-use software</span></p></td> <td style="vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">3</span></span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;"> years</span></p></td> </tr> </table>
CY2023 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2
CY2023Q4 us-gaap Goodwill
Goodwill
0
CY2022Q4 us-gaap Goodwill
Goodwill
0
CY2023 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023 srfm Threshold Percentage Of Uncertain Tax Position Recognized On Settlement With Tax Authority
ThresholdPercentageOfUncertainTaxPositionRecognizedOnSettlementWithTaxAuthority
0.50
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
403667
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1300000
us-gaap Business Combination Separately Recognized Transactions Revenues And Gains Recognized
BusinessCombinationSeparatelyRecognizedTransactionsRevenuesAndGainsRecognized
37371000
us-gaap Business Combination Separately Recognized Transactions Net Gains And Losses
BusinessCombinationSeparatelyRecognizedTransactionsNetGainsAndLosses
-4870000
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
2306000
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
329000
CY2023Q4 srfm Prepaid Software
PrepaidSoftware
2647000
CY2022Q4 srfm Prepaid Software
PrepaidSoftware
3149000
CY2023Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
2406000
CY2022Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
3355000
CY2023Q4 srfm Enginereserve
Enginereserve
1150000
CY2023Q4 srfm Vendor Operator Prepayments
VendorOperatorPrepayments
634000
CY2022Q4 srfm Vendor Operator Prepayments
VendorOperatorPrepayments
862000
CY2023Q4 srfm Prepaid Fuel
PrepaidFuel
301000
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1607000
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
60000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11051000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7755000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
48362000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1346000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2371000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
722000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
45991000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
624000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
37474000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10269000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-10811000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-8983000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26663000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1286000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1800000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3545000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3051000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2915000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2764000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2577000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
11811000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26663000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
246000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
12970000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1149000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y7M6D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y2M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0796
CY2023 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
60045000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
60045000
CY2023Q4 srfm Security Deposits Aircraft Operating Leases
SecurityDepositsAircraftOperatingLeases
1037000
CY2023Q4 srfm Cloud Hosted Software
CloudHostedSoftware
1829000
CY2022Q4 srfm Cloud Hosted Software
CloudHostedSoftware
1694000
CY2023Q4 srfm Credit Card Holdback
CreditCardHoldback
1748000
CY2023Q4 srfm Security Deposits Other
SecurityDepositsOther
590000
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
523000
CY2022Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
122000
CY2023Q4 us-gaap Other Assets
OtherAssets
5727000
CY2022Q4 us-gaap Other Assets
OtherAssets
1816000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12818000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1143000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4104000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
903000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5507000
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0729
CY2023 us-gaap Lease Cost
LeaseCost
7466000
CY2022 us-gaap Lease Cost
LeaseCost
1721000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
3044000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
372000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1858000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1800000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6571000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4484000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2398000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
939000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
14392000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1422000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
12970000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1343000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
215000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1137000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1352000
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.1145
CY2023Q4 srfm Accrued Monarch Legal Settlement
AccruedMonarchLegalSettlement
1314000
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
113000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1143000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
359000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
348000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
336000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
330000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
264000
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
176000
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1813000
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
461000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1352000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
26751000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1486000
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
11473000
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3555000
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
7672000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
6446000
CY2023Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
2977000
CY2023Q4 srfm Software Payable
SoftwarePayable
2000000
CY2023Q4 srfm Aircraft Contract Termination Payable
AircraftContractTerminationPayable
1454000
CY2022Q4 srfm Accrued Monarch Legal Settlement
AccruedMonarchLegalSettlement
1314000
CY2023Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
1131000
CY2023Q4 srfm Accrued Maintenance Costs
AccruedMaintenanceCosts
980000
CY2023Q4 us-gaap Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
190000
CY2022Q4 us-gaap Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
64000
CY2023Q4 srfm Statutory Penalties
StatutoryPenalties
520000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3120000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1875000
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
59582000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
14740000
CY2023Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
3000000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
25794000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5177000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
20617000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
5175000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2612000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2819000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
12828000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
685000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1675000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
25794000
CY2023Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
7715000
CY2022Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
29096000
CY2023 us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
The Company is subject to affirmative covenants and negative covenants with respect to the Convertible Note Purchase Agreement. These covenants are in the form of minimum liquidity requirements the Company must maintain. The Company received a waiver from PFG regarding the maintenance of minimum cash requirement of $10 million that waives the requirement through December 31, 2024. As of December 31, 2023, the Company was in compliance with all covenants under the Convertible Note Purchase Agreement.
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
25000
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
24714000
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
300000
CY2023 us-gaap Legal Fees
LegalFees
300000
CY2023Q4 srfm Maximum Civil Penalty Per Flight
MaximumCivilPenaltyPerFlight
14950
CY2023 srfm Legal Charges Related To Violation
LegalChargesRelatedToViolation
200000
CY2018Q2 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
1900000
CY2023Q4 srfm Outstanding Federal Excise Tax Liability Including Accrued Penalties And Interest
OutstandingFederalExciseTaxLiabilityIncludingAccruedPenaltiesAndInterest
7600000
CY2022Q4 srfm Outstanding Federal Excise Tax Liability Including Accrued Penalties And Interest
OutstandingFederalExciseTaxLiabilityIncludingAccruedPenaltiesAndInterest
5800000
CY2023Q4 srfm Outstanding Property Tax Liability Including Penalties And Interests
OutstandingPropertyTaxLiabilityIncludingPenaltiesAndInterests
1900000
CY2022Q4 srfm Outstanding Property Tax Liability Including Penalties And Interests
OutstandingPropertyTaxLiabilityIncludingPenaltiesAndInterests
1700000
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
60505000
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
20274000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9568000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5680000
CY2023 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
7329000
CY2023 srfm Contract With Customer Liability Revenue Deferred
ContractWithCustomerLiabilityRevenueDeferred
45712000
CY2022 srfm Contract With Customer Liability Revenue Deferred
ContractWithCustomerLiabilityRevenueDeferred
24162000
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-40884000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-20274000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
21725000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9568000
CY2022Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
362258435
CY2022Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
300623025
CY2022Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
300623025
CY2022Q4 srfm Temporary Equity Carrying Value Attributable To Parent
TemporaryEquityCarryingValueAttributableToParent
134081000
CY2022Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
178608000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1768205
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y3D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
10306000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.58
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
48212
CY2023 srfm Share Based Compensation Arrangement By Share Based Payment Award Options Granted Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm
P10Y
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
9.11
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
161091
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.19
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
49167
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
3.37
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1606159
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y14D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
687000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.12
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1253108
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y9M29D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
596000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.83
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2900000
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y5M4D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2907000
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2321000
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
191000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7000
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
41000
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0355
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0374
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0242
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0402
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M18D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M18D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.61
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.55
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.16
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
2.38
CY2023Q3 srfm Share Conversion Ratio
ShareConversionRatio
1
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
48252000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12452000
CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-216682000
CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-35860000
CY2023 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
-37318000
CY2022 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
-38502000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-254000000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-74362000
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
17000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
17000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2622000
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-699000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5000
CY2023 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-3321000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-5000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3304000
CY2023 srfm Income Tax Reconciliation Pretax Loss Amount
IncomeTaxReconciliationPretaxLossAmount
53340000
CY2023 srfm Effective Income Tax Rate Reconciliation Pretax Loss
EffectiveIncomeTaxRateReconciliationPretaxLoss
0.21
CY2022 srfm Income Tax Reconciliation Pretax Loss Amount
IncomeTaxReconciliationPretaxLossAmount
15616000
CY2022 srfm Effective Income Tax Rate Reconciliation Pretax Loss
EffectiveIncomeTaxRateReconciliationPretaxLoss
0.21
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2132000
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0084
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2575000
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0346
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
6962000
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0274
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
8086000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.1087
CY2023 srfm Income Tax Reconciliation Goodwill Impairment
IncomeTaxReconciliationGoodwillImpairment
12395000
CY2023 srfm Effective Income Tax Rate Reconciliation Goodwill Impairment
EffectiveIncomeTaxRateReconciliationGoodwillImpairment
-0.0488
CY2023 srfm Income Tax Reconciliation Transaction Costs Amount
IncomeTaxReconciliationTransactionCostsAmount
3712000
CY2023 srfm Effective Income Tax Rate Reconciliation Transaction Costs Percent
EffectiveIncomeTaxRateReconciliationTransactionCostsPercent
-0.0146
CY2022 srfm Income Tax Reconciliation Transaction Costs Amount
IncomeTaxReconciliationTransactionCostsAmount
871000
CY2022 srfm Effective Income Tax Rate Reconciliation Transaction Costs Percent
EffectiveIncomeTaxRateReconciliationTransactionCostsPercent
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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