Annual report pursuant to Section 13 and 15(d)

Divestiture of Surefly

v3.20.4
Divestiture of Surefly
12 Months Ended
Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Divestiture of Surefly DIVESTITURE OF SUREFLYOn November 27, 2019, the Company completed the sale of SureFly™ for $4.0 million. The gain on divestiture was $3.7 million, net of selling costs of $0.3 million. SureFly was the Company's hybrid electrically powered vertical takeoff and landing aircraft project. The Company had no revenues associated with SureFly in 2019. Operating expenses associated with the development of Surefly were $1.4 million in 2019.