0001193125-23-143476 | 10-Q | XBRL Viewer | Bridger Aerospace Group Holdings INC

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Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Note 20 – Net Income (Loss) Per Share

Basic and diluted net income (loss) per share of Common Stock is calculated in accordance with ASC 260,

Earnings per share.

Net income (loss) per Common Stock – basic is calculated by dividing net income (loss) attributable to Common Stockholders by the weighted-average shares of Common Stock outstanding.

Net income (loss) per Common Stock – diluted is based on the average number of shares of Common Stock used for the basic earnings per share calculation, adjusted for the weighted-average number of common share equivalents outstanding for the period determined using the treasury stock method and

if-converted

method, as applicable. Net income (loss) attributable to Common Stockholders – diluted is adjusted for the impact of changes in the fair value of the Public Warrants and Private Placement Warrants, to the extent they are dilutive.

Earnings per share calculations for all periods prior to the Closing have been retrospectively adjusted by the Exchange Ratio for the equivalent number of shares outstanding immediately after the Closing to effect the reverse recapitalization. Subsequent to the Closing, net income (loss) per share is calculated based on the weighted average number of Common Stock outstanding.

The following table sets forth the computation of the Company’s basic and diluted earnings (loss) per share:


	For the three months ended, March 31
(in USD, except share data)	2023			2022
Numerator—basic and diluted
Net loss	$	(44,684,938	)	$	(14,873,009	)
Series A Preferred Stock—adjustment for deemed dividend upon Closing		(48,300,000	)		—
Legacy Bridger Series A Preferred Shares—adjustment for redemption, extinguishment and accrued interest		—			(4,339,767	)
Series A Preferred Stock—adjustment to eliminate 50% multiplier		156,362,597
Series A Preferred Stock—adjustment to maximum redemptions value		(4,274,439	)		—

Net income (loss) attributable to Common Stockholders – basic and diluted	$	59,103,220		$	(19,212,776)

Denominator—basic
Weighted average Common Stock outstanding—Legacy Bridger shareholders		38,848,420			38,770,646
Weighted average Common Stock outstanding—Public shareholders		1,551,688			—
Weighted average Common Stock outstanding—Sponsor and independent directors of JCIC		1,301,430			—
Weighted average vested restricted stock units outstanding		1,786,930			—

Weighted average Common Stock outstanding—basic		43,488,468			38,770,646

Denominator—diluted
Weighted average Common Stock outstanding—basic		43,488,468			38,770,646

Weighted average effect of dilutive securities:
Series A Preferred Stock		30,624,501			—
Unvested Legacy Bridger Incentive Units		237,283			—
Sponsor Earnout Shares		636,500			—

Weighted average Common Stock outstanding—diluted		74,986,752			38,770,646

Basic and diluted net income (loss) per share
Basic net income (loss) per Common Stock	$	1.36		$	(0.50	)

Diluted net income (loss) per Common Stock	$	0.79		$	(0.50	)

The

following table summarizes the potentially dilutive common shares that were excluded from diluted net loss per share computations because the effect would have been anti-dilutive (in thousands):


	For the three months ended, March 31
	2023		2022
Shares excluded from diluted net income (loss) per share
Unvested Restricted Stock Units		4,181,142		—
Public Warrants		17,250,000		—
Private Placement Warrants		9,400,000		—
Unvested Legacy Bridger Incentive Units		—		323,232

Interest Rate Swap and Freestanding Derivative - Schedule of Interest Rate Swap Designated as a Cash Flow Hedge (Detail) - Interest Rate Swap [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Effective Date	Apr. 15, 2020	Apr. 15, 2020
Maturity Date	Mar. 15, 2030	Mar. 15, 2030
Notional Amount	$ 10,949,462	$ 11,110,484
Fair Value	$ 1,152,383	$ 1,407,135
Pay Fixed	3.887%	3.887%
Receive Rate	1 Month LIBOR + 2.5%	1 Month LIBOR + 2.5%

Condensed Consolidated Statements of Operations (Parenthetical)	3 Months Ended
	Mar. 31, 2023 USD ($)
Revenue from related parties	$ 321,244
Two Thousand And Twenty Two Taxable Industrial Revenue Bond [Member]
Interest expenses related party	$ 284,000

- Definition

Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07.1(c))
-URI https://asc.fasb.org/extlink&oid=120401555&loc=SL114874292-224272

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(C))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1(e))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

+ Details

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2023

Contractual Obligation, Fiscal Year Maturity Schedule [Abstract]

Summary of future payments related to construction of the hangar

As of March 31, 2023, future payments related to the construction of the hangar are as follows:


As of March 31, 2023:	Hangar
Remainder of 2023	$	2,467,073
2024		—
2025		—
2026		—
2027		—
Thereafter		—

Total	$	2,467,073

Commitments and Contingencies

3 Months Ended

Mar. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 13 – Commitments and Contingencies

Legal Matters

The Company is involved in legal proceedings and litigation in the ordinary course of business. Other than routine litigation incidental to the Company’s business, there are no material pending legal proceedings to which the Company is a party or to which any of the Company’s properties are subject.

Commitments

On April 13, 2018, the Company executed an aircraft purchase agreement with Longview Aviation Asset Management, Inc. and Viking for the purchase of six Viking CL415EAF aircraft. For the three months ended March 31, 2023, the Company paid

$9,098 thousand and received its 6

Viking CL415EAF, the remaining aircraft under the aircraft purchase agreement.

Un-invoiced

commitments were $18,196 thousand as of December 31, 2022.

On January 21, 2021, the Company entered

into a

statement of work with Viking to provide a Supplemental Structural Life Management Program (“SSLMP”) Subscription. This program is a 5-year subscription service providing the Company with a structural program for the 6 CL415EAF purchased aircraft to meet contractual inspection requirements from the US Forest Service. The undiscounted cost of the program will be $

3,500 thousand payable through the delivery of the 6

aircraft, the first payment of which was due and paid January 2021, and the final payment paid February 2023.

On March 23, 2022, the Company entered into a statement of work with Sievert Construction, Inc (“Sievert”) for the construction of a hangar at the Bozeman Yellowstone International Airport in Belgrade, Montana. Payments made under the agreement were $359 thousand for the three months ended March 31, 2023.

Un-invoiced

commitments were $2,467 thousand and $3,756 thousand as of March 31, 2023 and December 31, 2022, respectively.

As of March 31, 2023, future payments related to the construction of the hangar are as follows:


As of March 31, 2023:	Hangar
Remainder of 2023	$	2,467,073
2024		—
2025		—
2026		—
2027		—
Thereafter		—

Total	$	2,467,073

Stock-Based Compensation - Summary Of Incentive Unit Activity For The Period (Detail) - Incentive Units [Member] - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
TimeVesting Incentive Units [Member]
Schedule Of Share Based Compensation Activity [Line Items]
Number of Award, Beginning Balance	161,616	242,424
Number of Award, Granted	0	0
Number of Award, Vested	0	80,808
Number of Award, Forfeited	0	0
Number of Award, Ending Balance	161,616	161,616
Weighted Average Grant Date Fair Value, Beginning Balance	$ 0.17	$ 0.15
Weighted Average Grant Date Fair Value, Granted	0	0
Weighted Average Grant Date Fair Value, Vested	0	0.11
Weighted Average Grant Date Fair Value, Forfeited	0	0
Weighted Average Grant Date Fair Value, Ending Balance	$ 0.17	$ 0.17
Exit Vesting Incentive Units [Member]
Schedule Of Share Based Compensation Activity [Line Items]
Number of Award, Beginning Balance	80,808	80,808
Number of Award, Granted	0	0
Number of Award, Vested	0	0
Number of Award, Forfeited	0	0
Number of Award, Ending Balance	80,808	80,808
Weighted Average Grant Date Fair Value, Beginning Balance	$ 0.11	$ 0.11
Weighted Average Grant Date Fair Value, Granted	0	0
Weighted Average Grant Date Fair Value, Vested	0	0
Weighted Average Grant Date Fair Value, Forfeited	0	0
Weighted Average Grant Date Fair Value, Ending Balance	$ 0.11	$ 0.11

Collaborations	3 Months Ended
Collaborations	Mar. 31, 2023
Collaborations Disclosure [Abstract]
Collaborations	Note 14 – Collaborations On February 22, 2022, the Company entered into a collaboration agreement (the “Collaboration Agreement”) with Overwatch Imaging, Inc. (“Overwatch”), a Delaware corporation, under which the Company and Overwatch collaborate to develop and implement FireTrac. FireTrac is a program in which the Company will collect timely imagery of areas affected by wildland fire using Overwatch’s products and services. Overwatch agrees to provide the products and services at a discount to the Company under the Collaboration Agreement. Overwatch’s products and services under the Collaboration Agreement include, but not limited to, imaging systems, software engineer labor related to software-as-a-service support, labor related to sensor operations, and cloud-based image data web service. In exchange, the Company agrees to pay Overwatch a 7.5% share of revenue from FireTrac on a quarterly basis. As stipulated under the Collaboration Agreement, FireTrac is not expected to generate revenue until the second quarter of 2023. The Collaboration Agreement will end upon termination by (i) a mutual agreement between the Company and Overwatch, (ii) either or both parties upon revenue payment to Overwatch not meeting certain thresholds stipulated in the Collaboration Agreement within the second, third, or fourth anniversary of the effective date of the Collaboration Agreement, or (ii) either party upon a material breach of the Collaboration Agreement uncured within thirty (30) days after written notice from the non-breaching party. The Company determined that both the Company and Overwatch are active participants and exposed to the significant risks and rewards of the collaboration under the Collaboration Agreement. The Company does not consider its obligations under the Collaboration Agreement as an output of the Company’s ordinary activities in exchange for consideration and Overwatch is not considered a customer under ASC 606. Therefore, the Company considers the collaboration to be within the scope of ASC 808. For the three months ended March 31, 2022, the Company recorded $432 thousand of purchases of imaging systems under the Collaboration Agreement in Property, plant and equipment, net, and did not make any purchases during the three months ended March 31, 2023. For the three months ended March 31, 2023, the Company recorded $11 thousand of engineering services provided by Overwatch under the Collaboration Agreement in Selling, general and administrative expense.

Revision of Previously Issued Financial Statements

3 Months Ended

Mar. 31, 2023

Accounting Changes and Error Corrections [Abstract]

Revision of Previously Issued Financial Statements

Note 22 – Revision of Previously Issued Financial Statements

The Company identified an immaterial error in its previously issued annual and interim financial statements. The error relates to accounting for the freestanding derivative instrument further described in the

“Note 10 – Interest Rate Swap and Freestanding Derivative,”

affecting annual financial statements as of and for the year ended December 31, 2022 and interim financial statements as of and for the six months ended June 30, 2022 and as of and for the nine months ended September 30, 2022. The impact of the error to prior periods’ financial statements were determined to be quantitatively and qualitatively immaterial. In order to improve the consistency and comparability of the financial statements, the Company has revised its previously issued annual and interim financial statements to correct the

error.

The below tables present line items for prior period impacted financial statements that have been affected by the following error, referred to as the “Revision”:

(i)

an error in the accounting for a freestanding instrument which requires separate accounting under ASC 815,

Derivatives and Hedging

related to Legacy Bridger Series C Preferred Shares’ features.


	As of December 31, 2022
	As Previously Reported			Impact of Revision			As Revised
Balance Sheets:
Total assets	$	305,978,901		$	—		$	305,978,901
Accrued expenses and other current liabilities		16,483,289			2,186,283			18,669,572
Total current liabilities		22,120,721			2,186,283			24,307,004
Total liabilities		228,393,011			2,186,283			230,579,294
Legacy Bridger Series C Preferred Shares		489,021,545			—			489,021,545
Accumulated deficit		(413,118,060	)		(2,186,283	)		(415,304,343	)
Total members’ deficit		(411,435,655	)		(2,186,283	)		(413,621,938	)
Total liabilities, mezzanine equity and members’ deficit	$	305,978,901		$	—		$	305,978,901


	For the year ended December 31, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Operations:
Interest expense	$	(20,017,177	)	$	(2,709	)	$	(20,019,886	)
Net loss	$	(42,121,959	)	$	(2,709	)	$	(42,124,668	)
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value		(200,505,236	)		(2,183,574	)		(202,688,810	)
Net loss attributable to common shareholders	$	(328,290,531	)	$	(2,186,283	)	$	(330,476,814	)
Net loss per share attributable to common shareholders – basic and diluted	$	(8.15	)	$	(0.05	)	$	(8.20	)

(All amounts in U.S. dollars, except as stated)


	For the year ended December 31, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Members’ Equity:
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value	$	(200,505,236	)	$	(2,183,574	)	$	(202,688,810	)
Net loss		(42,121,959	)		(2,709	)		(42,124,668	)
Accumulated deficit		(413,118,060	)		(2,186,283	)		(415,304,343	)
Accumulated other comprehensive income		1,678,497			—			1,678,497
Total members’ deficit	$	(411,435,655	)	$	(2,186,283	)	$	(413,621,938	)

	For the year ended December 31, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Cash Flows:
Cash Flows from Operating Activities:
Net loss	$	(42,121,959	)	$	(2,709	)	$	(42,124,668	)
Change in fair value of freestanding derivative		—			2,709			2,709
Net cash used in operating activities		(9,917,608	)		—			(9,917,608	)
Net change in cash, cash equivalents, and restricted cash		25,198,494			—			25,198,494
Cash, cash equivalents and restricted cash and cash equivalents – end of period	$	42,459,626		$	—		$	42,459,626
Cash and cash equivalents – end of period	$	30,162,475		$	—		$	30,162,475



	As of September 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Balance Sheets:
Total assets	$	320,554,139		$	—		$	320,554,139
Accrued expenses and other current liabilities		12,355,584			2,124,265			14,479,849
Total current liabilities		19,472,020			2,124,265			21,596,285
Total liabilities	$	226,008,817		$	2,124,265		$	228,133,082
Series C Preferred shares		483,385,214			—			483,385,214
Accumulated deficit		(390,307,424	)		(2,124,265	)		(392,431,689	)
Total members’ deficit		(388,839,892	)		(2,124,265	)		(391,036,037	)
Total liabilities, mezzanine equity and members’ deficit	$	320,554,139		$	—		$	320,554,139


	For the nine months ended September 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Operations:
Interest expense	$	(13,052,438	)	$	59,309		$	(12,993,129	)
Net loss	$	(25,117,707	)	$	59,309		$	(25,058,398	)
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value		(194,700,545	)		(2,183,574	)		(196,884,119	)
Net loss attributable to common shareholders	$	(305,481,588	)	$	(2,124,265	)	$	(307,605,853	)
Net loss per share attributable to common shareholders – basic and diluted	$	(7.58	)	$	(0.06	)	$	(7.64	)

	For the nine months ended September 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Members’ Equity:
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value	$	(194,700,545	)	$	(2,183,574	)	$	(196,884,119	)
Net loss		(25,117,707	)		59,309			(25,058,398	)
Accumulated deficit		(390,307,424	)		(2,124,265	)		(392,431,689	)
Total members’ deficit	$	(388,839,892	)	$	(2,124,265	)	$	(390,964,157	)

	For the nine months ended September 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Cash Flows:
Cash Flows from Operating Activities:
Net loss	$	(25,117,707	)	$	59,309		$	(25,058,398	)
Change in fair value of freestanding derivative		—			(59,309	)		(59,309	)
Net cash used in by operating activities		(7,930,502	)		—			(7,930,502	)

Net change in cash, cash equivalents, and restricted cash		89,107,304			—			89,107,304
Cash, cash equivalents and restricted cash and cash equivalents – end of period	$	106,368,436		$	—		$	106,368,436
Cash and cash equivalents – end of period	$	94,143,466		$	—		$	94,143,466

	As of June 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Balance Sheets:
Total assets	$	309,603,293		$	—		$	309,603,293
Accrued expenses and other current liabilities		10,359,417			2,183,574			12,542,991
Total current liabilities		32,207,636			2,183,574			34,391,210
Total liabilities		209,837,425			2,183,574			212,020,999
Series C Preferred shares		477,741,883			—			475,558,309
Accumulated deficit		(378,984,493	)		(2,183,574	)		(381,168,067	)
Total members’ deficit		(377,976,015	)		(2,183,574	)		(380,159,589	)
Total liabilities, mezzanine equity and members’ deficit	$	309,603,293		$	—		$	309,603,293


	For the six months ended June 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Operations:
Net loss	$	(19,435,884	)	$	—		$	(19,435,884	)
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value		(189,057,208	)		(2,183,574	)		(191,240,782	)
Net loss attributable to common shareholders	$	(294,156,428	)	$	(2,183,574	)	$	(296,340,002	)
Net loss per share attributable to common shareholders – basic and diluted	$	(7.30	)	$	(0.06	)	$	(7.36	)

	For the six months ended June 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Members’ Equity:
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value	$	(189,057,208	)	$	(2,183,574	)	$	(191,240,782	)
Net loss		(19,435,884	)		—			(19,435,884	)
Accumulated deficit		(378,984,493	)		(2,183,574	)		(381,168,067	)
Accumulated other comprehensive income		1,008,478			—			1,008,478
Total members’ deficit	$	(377,976,015	)	$	(2,183,574	)	$	(380,159,589	)

Accrued Expenses and Other Liabilities - Schedule of Accrued Expenses and Other Liabilities (Detail) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Accounts Payable and Accrued Liabilities [Abstract]
Accrued salaries, wages, and bonuses	$ 7,359,232	$ 6,515,774
Finance right-of-use liability	61,615	68,310
Accrued professional fees	612,111	2,291,469
Embedded derivative of Legacy Bridger Series C Preferred Shares		1,039,330
Embedded derivative of Series A Preferred Stock	693,745
Warrant liabilities	4,264,000
Deferred underwriting fee payable	1,500,000
Freestanding derivative on Legacy Bridger Series C Preferred Shares		2,186,283
Excess hold fee payable on Series A Preferred Stock	2,236,842
Accrued interest expense and other accrued liabilities	2,140,690	6,614,065
Total accrued expenses and other liabilities	18,868,235	18,715,231
Less: Current accrued expenses and other current liabilities	(13,063,960)	(18,669,572)
Total long-term accrued expenses and other noncurrent liabilities	$ 5,804,275	$ 45,659

Collaborations - Additional Information (Detail) - Collaborative Arrangement [Member] - USD ($) $ in Thousands		3 Months Ended
	Feb. 22, 2022	Mar. 31, 2023	Mar. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share of revenue percentage	7.50%
Purchases of imaging systems		$ 0	$ 432
Engineering services		$ 11

Mandatorily Redeemable Preferred Shares - Additional Information (Detail) - USD ($)	Aug. 10, 2022	Jul. 21, 2022	Apr. 25, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Gain (loss) on redemption of preferred shares			$ 34,622,000
Legacy Bridger Series B Preferred Shares [Member]
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Preferred stock shares issued							60,000,000
Preferred stock shares outstanding			60,000,000	0	0		60,000,000
Preferred stock per share							$ 1
Mandatorily redeemable preferred shares accrued interest rate							17.50%
Percentage of company's voting stock or asset						50.00%
Preferred stock redemption amount			$ 9,999,000
Preferred stock value outstanding			69,999,000
Legacy Bridger Series B Preferred Shares [Member] \| Shares Redeemed [Member]
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Mandatorily redeemable preferred shares accrued interest rate						17.50%
Legacy Bridger Series B Preferred Shares [Member] \| Shares Not Redeemed [Member]
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Mandatorily redeemable preferred shares accrued interest rate						21.50%
Legacy Bridge Series A1 Preferred Stock [Member]
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Stock redeemed called during period value		$ 136,250,000	100,000,000
Equity modifications measured based on fair value option recorded amount			132,331,000
Gain (loss) on extinguishment of equity modification amount at fair value			0
Equity modifications increase accrued interest			3,919,000
Legacy Bridge Series A2 Preferred Stock [Member]
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Stock redeemed called during period value	$ 136,250,000		100,000,000
Equity modifications measured based on fair value option recorded amount			132,331,000
Gain (loss) on extinguishment of equity modification amount at fair value			0
Equity modifications increase accrued interest			$ 3,919,000
Legacy Bridger Series A Preferred Shares [Member]
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Preferred stock shares outstanding				0	0
Temporary equity stock redeemed during the period shares		6,055,556	4,444,444
Percentage of preferred stock accrued interest			12.00%
Percentage of sale of businesses representing the voting stock			50.00%
Preferred stock redemption multiplier			2.25
Temporary equity shares authorized							10,500,000
Temporary equity par or stated value per share							$ 0.001
Redeemable noncontrolling interest equity preferred carrying amount							$ 105,000,000

Long-Term Debt - Summary of Long-Term Debt (Parenthetical) (Detail)			3 Months Ended
	Jul. 21, 2022	Sep. 30, 2019	Mar. 31, 2023
Permanent loan agreement, dated August 21, 2020, greater of Prime + 1.5% or 4.75% interest rate, maturing August 21, 2035 [Member] \| Prime Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate spread			1.50%
Long term debt bearing variable interest rate percentage			4.75%
Long term debt date of maturity			Aug. 21, 2035
Permanent loan agreement, dated October 1, 2020, greater of Prime + 1.5% or 4.75% interest rate, maturing October 1, 2035 [Member] \| Prime Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate spread			1.50%
Long term debt bearing variable interest rate percentage			4.75%
Long term debt date of maturity			Oct. 01, 2035
Term loan agreement dated September 30, 2019, LIBOR + 2.5%, maturing March 15, 2030 [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate spread		2.50%	2.50%
Long term debt date of maturity			Mar. 15, 2030
Term loan agreement dated February 3, 2020, LIBOR + 2.5%, maturing February 3, 2027 [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate spread			2.50%
Long term debt date of maturity			Feb. 03, 2027
Taxable industrial revenue bonds, dated July 21, 2022, 11.5% interest rates, maturing September 1, 2027 [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate spread			11.50%
Long term debt date of maturity	Sep. 01, 2027		Sep. 01, 2027
Various term loan agreements, with earliest start at September 9, 2021, 5-5.5% interest rates, latest maturation on November 17, 2027 [Member]
Debt Instrument [Line Items]
Long term debt date of maturity			Nov. 17, 2027
Various term loan agreements, with earliest start at September 9, 2021, 5-5.5% interest rates, latest maturation on November 17, 2027 [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Long term debt bearing variable interest rate percentage			5.00%
Various term loan agreements, with earliest start at September 9, 2021, 5-5.5% interest rates, latest maturation on November 17, 2027 [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Long term debt bearing variable interest rate percentage			5.50%

Cash Equivalents and Investments in Marketable Securities (Tables)

3 Months Ended

Mar. 31, 2023

Cash and Cash Equivalents [Abstract]

Schedule of Cash Equivalents in Marketable Securities


	As of March 31, 2023		As of December 31, 2022

	Carrying Value
Cash equivalents
Commercial paper	$	—	$	29,890,313
Money market fund		2,025,399		12,640

Total cash equivalents	$	2,025,399	$	29,902,953

Restricted cash
Money market fund	$	9,381,562	$	9,284,362

Schedule of Investment in Marketable Securities


	As of March 31, 2023
	Purchase Price		Unrealized Gains		Unrealized Losses		Fair Value
Investment in marketable securities
Commercial paper	$	13,421,156	$	276,857	$	—	$	13,698,013
Corporate bonds and notes		9,924,092		36,043		—		9,960,135
Government securities		6,658,634		5,745		—		6,664,379

Total marketable securities	$	30,003,882	$	318,645	$	—	$	30,322,527


	As of December 31, 2022
	Purchase Price		Unrealized Gains		Unrealized Losses			Fair Value
Investment in marketable securities
Commercial paper	$	32,635,849	$	277,674	$	—		$	32,913,523
Corporate bonds and notes		15,413,122		3,668		—			15,416,790
Government securities		6,658,634		—		(8,791	)		6,649,843

Total marketable securities	$	54,707,605	$	281,342	$	(8,791	)	$	54,980,156

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

Schedule of Disaggregation of Revenue by Service

The following shows the disaggregation of revenue by service for the three months ended March 31, 2023 and March 31 2022.


	For the three months ended March 31,
	2023		2022
Fire suppression	$	—	$	—
Aerial surveillance		—		—
Other services		365,373		69,292

Total revenues	$	365,373	$	69,292

Schedule of Disaggregation of Revenue by Type

The following shows the disaggregation of revenue by type for the three months ended March 31, 2023 and March 31, 2022.


	For the three months ended, March 31
	2023		2022
Flight revenue	$	—	$	—
Standby revenue		—		—
Other revenue		365,373		69,292

Total revenues	$	365,373	$	69,292

Mezzanine Equity

3 Months Ended

Mar. 31, 2023

Temporary Equity Disclosure [Abstract]

Mezzanine Equity

Note 17 – Mezzanine Equity

Legacy Bridger Series C Preferred Shares

On April 25, 2022, Legacy Bridger authorized and issued

315,789.473684

Legacy Bridger Series C Preferred Shares for aggregate proceeds of

$288,516 thousand, net of issuance costs of $11,484

thousand. The Legacy Bridger Series C Preferred Shares ranked senior to Legacy Bridger’s common shares and ranked subordinate to Legacy Bridger Series A Preferred Shares, which were later redeemed in 2022, with respect to the distribution of assets upon liquidation or certain triggering events. The Legacy Bridger Series C Preferred Shares did not participate in earnings of Legacy Bridger and were

non-voting

shares.

Prior to the consummation of the qualified public offering, the Legacy Bridger Series C Preferred

hares accrued interest daily at 7% per annum for the first year, 9% per annum for the second year and 11% per annum thereafter and were compounded semi-annually at June 30

and December 31

of each year. Following the consummation of a qualified public offering, the Legacy Bridger Series C Preferred

hares were to accrue interest daily at 7% per annum for the first 6 years, 9% per annum for the seventh year and 11% per annum thereafter, compounded semi-annually. Accrued interest for the Legacy Bridger Series C Preferred

hares was $15,344 thousand as of December 31, 2022 recorded to increase the redemption amount in mezzanine equity.

Upon the Closing, Legacy Bridger surrendered and exchanged all

315,789.473684

issued and outstanding Legacy Bridger Series C Preferred Shares into 315,789.473684 shares of Series A Preferred Stock. The Company’s Certificate of Incorporation included provisions of the Legacy Bridger Series C Preferred Shares that were already in effect prior to the consummation of the

Reverse Recapitalization

. As a result of the

Reverse Recapitalization

, the maximum redemption value of the Company’s Series A Preferred Stock changed to approximately

332,659

thousand and excluded the

% multiplier which had historically been included in the maximum redemption value of Legacy Bridger Series C Preferred

hares.

The Legacy Bridger Series C Preferred Shares were convertible at the election of the holder into shares of Legacy Bridger’s Class B common stock after the occurrence of certain specified events, including after a qualified public offering, without the payment of additional consideration by the holder into such number of Legacy Bridger Class B common stock as determined by dividing the original issue price, plus accrued interest by a conversion price in effect at the time of conversion. The conversion price of Legacy Bridger Series C Preferred Shares was initially equal to

12.929104.

The applicable conversion price was subject to future adjustments upon the occurrence of a qualified public offering.

The Legacy Bridger Series C Preferred

hares were mandatorily redeemable by Legacy Bridger on April 25, 2032 at an amount dependent on whether the redemption occurs prior or following a qualified public offering. If the mandatory redemption occurs prior to the consummation of a qualified public offering, the redemption amount was equal to the stated value, plus the initial issue price multiplied by

50%,

plus accrued but unpaid interest. If the mandatory redemption occurs following the consummation of a qualified public offering, the redemption amount was equal to the stated value, plus accrued but unpaid interest. The Legacy Bridger Series C Preferred

hares were also redeemable upon certain triggering events outside of the control of Legacy Bridger. The redemption events include redemption by the holder after March 29, 2027 and prior to a qualified public offering, or a fundamental change in Legacy Bridger’s voting and governance structure such as the sale of Legacy Bridger or its subsidiaries representing more than

% of Legacy Bridger’s voting stock or a similar liquidity event.

Given the conversion feature was considered substantive, the mandatory redemption date was not certain and the optional redemption was upon the occurrence of certain events that are considered not solely within Legacy Bridger’s control, the Legacy Bridger Series C Preferred Shares were classified as mezzanine equity.

The Company identified certain conversion and redemption features that are required to be bifurcated from the host instrument as embedded derivative liabilities. The Legacy Bridger Series C Preferred

hares contained a clause which allow

for an increase of 2% interest per annum to be accrued by the holders of the Legacy Bridger Series C Preferred

hares in the event of a default under certain financing facilities, including noncompliance with certain financial covenants, during the period from 30 days after the occurrence of such default until such default was cured or remediated. The Company expected to be exposed to the 2% interest rate increase for no more than 2 months. As of December 31, 2022, the fair value of the embedded derivative was $1,039 thousand recorded as a liability in the Condensed Consolidated Balance Sheets and remeasured to fair value at each balance sheet date with changes in fair value recorded within Interest expense in the Condensed Consolidated Statements of Operations.

The Company also entered into a letter agreement with JPMorgan Chase Funding Inc. (“JPMCF”) on April 9, 2022 to pay an excess hold fee of

5% of the aggregate initial stated value of the Legacy Bridger Series C Preferred

hares held by JPMCF in excess of $157,894,736.84 as of March 15, 2023. Further details of the freestanding derivative and subsequent excess hold fee

payable are described in

“Note 10 – Interest Rate Swap and Freestanding Derivative.”

The Company determined the fair value of the other features requiring bifurcation, both individually and in the aggregate were immaterial at inception and as of December 31, 2022. The fair value of these features will be assessed at each reporting date and will be recognized and remeasured at fair value, if material.

As of December 31, 2022, it was probable that the Legacy Bridger Series C Preferred Shares may become redeemable at either the holder’s option on or after March 29, 2027 and prior to the consummation of a qualified public offering or in the event of a qualified public offering. The Company elected to recognize changes in redemption value immediately, adjusting the Legacy Bridger Series C Preferred Shares to the maximum redemption value at each reporting date. As of December 31, 2022, the Legacy Bridger Series C Preferred Shares were carried at their redemption value

of $

489,022

thousand.

Series A Preferred Stock

The Series A Preferred Stock are convertible at the election of the holders into shares of Common Stock, without the payment of additional consideration by the holders into such number of shares of Common Stock as determined by dividing the original issue price, plus accrued interest by a conversion price equal to $11 at the time of conversion.

Shares of Series A Preferred

Stock are mandatorily redeemable by the Company on April 25, 2032 at a redemption amount that is equal to the stated value, plus accrued but unpaid interest. Accrued interest for the Series A Preferred Stock was $4,274

thousand as of March 31, 2023. Shares of Series
A Preferred Stock are also redeemable upon certain triggering events outside of the control of the Company. The triggering events include redemption by the holder on or after April 25, 2027, or a fundamental change in the Company’s voting and governance structure such as the sale of the Company
or its subsidiaries representing more than

50% of the Company’s voting stock or a similar liquidity event.

As of the Closing Date and March 31, 2023, it is probable that the Series A Preferred Stock may become redeemable on April 25, 2032. The Company has elected to recognize changes in redemption value immediately, adjusting the preferred stock to the maximum redemption value at each reporting date. Upon Closing, the Series A Preferred Stock had both a carrying value and redemption value of $332,659 thousand, the 50% multiplier, valued at $156,363 thousand, was removed. As of March 31, 2023, the Series A Preferred Stock had both a carrying value and redemption value of $336,933 thousand. Refer to table below.

As of March 31, 2023 the fair value of the embedded derivative related to the event of default is $694

thousand recorded as a liability on the Unaudited Condensed Consolidated Balance Sheets and remeasured to fair value at each balance sheet date with changes in fair value recorded within Interest expense or income on the Unaudited Condensed Consolidated Statements of Operations.

The Company determined the fair value of the other features requiring bifurcation, both individually and in the aggregate were immaterial at March 31, 2023. The fair value of these features will be assessed at each reporting date and will be recognized and remeasured at fair value, if material.

Additionally, the reduction of the conversion price from $12.9 to $11

triggered a down round conversion feature embedded in the Series A Preferred Stock upon Closing. The Company recognized the value of the effect of a down round feature as a deemed dividend, increasing loss available to common stockholders in the computation of the net loss per share by approximately $

48 million during the three months ended March 31, 2023. As of March 31, 2023, there are 30,264,501

shares of Common Stock issuable upon conversion.


	Redeemable Series A Preferred Stock
	Shares		Amounts
Issued as of the Closing Date		315,789.473684	$	332,658,947
Adjustment to maximum redemption value		—		4,274,440

Balance as of March 31, 2023		315,789.473684	$	336,933,387


	Redeemable Legacy Bridger Series C Preferred Shares
	Shares		Amounts
Issuance of Legacy Bridger Series C Preferred S hares		315,789.473684	$	288,332,735
Adjustment to maximum redemption value		—		202,688,810

Balance as of December 31, 2022		315,789.473684	$	489,021,545

Net Income (Loss) Per Share - Schedule of Company's Basic and Diluted Earnings (Loss) Per Share (Detail) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2022
Numerator—basic and diluted
Net loss	$ (44,684,938)	$ (14,873,009)	$ (19,435,884)	$ (25,058,398)	$ (42,124,668)
Series A Preferred Stock—adjustment for deemed dividend upon Closing	(48,300,000)
Legacy Bridger Series A Preferred Shares—adjustment for redemption, extinguishment and accrued interest		(4,339,767)
Series A Preferred Stock—adjustment to eliminate 50% multiplier	156,362,597
Series A Preferred Stock—adjustment to maximum redemptions value	(4,274,439)
Net income (loss) attributable to Common Stockholders – basic	59,103,220	(19,212,776)	$ (296,340,002)	$ (307,605,853)	$ (330,476,814)
Net income (loss) attributable to Common stockholders – diluted	$ 59,103,220	$ (19,212,776)
Denominator—basic
Weighted average Common Stock outstanding—Legacy Bridger shareholders	38,848,420	38,770,646
Weighted average Common Stock outstanding—Public shareholders	1,551,688
Weighted average Common Stock outstanding—Sponsor and independent directors of JCIC	1,301,430
Weighted average vested restricted stock units outstanding	1,786,930
Weighted average Common Stock outstanding—basic	43,488,468	38,770,646
Denominator—diluted
Weighted average Common Stock outstanding—basic	43,488,468	38,770,646
Weighted average effect of dilutive securities:
Series A Preferred Stock	30,624,501
Unvested Legacy Bridger Incentive Units	237,283
Sponsor Earnout Shares	636,500
Weighted average Common Stock outstanding—diluted	74,986,752	38,770,646
Basic and diluted net income (loss) per share
Basic net income (loss) per Common Stock	$ 1.36	$ (0.5)	$ (7.36)	$ (7.64)	$ (8.2)
Diluted net income (loss) per Common Stock	$ 0.79	$ (0.5)	$ (7.36)	$ (7.64)	$ (8.2)

Mezzanine Equity (Tables)

3 Months Ended

Mar. 31, 2023

Temporary Equity Disclosure [Abstract]

Summary of Class A Shares of Common Stock Issuable Upon Conversion.


	Redeemable Series A Preferred Stock
	Shares		Amounts
Issued as of the Closing Date		315,789.473684	$	332,658,947
Adjustment to maximum redemption value		—		4,274,440

Balance as of March 31, 2023		315,789.473684	$	336,933,387


	Redeemable Legacy Bridger Series C Preferred Shares
	Shares		Amounts
Issuance of Legacy Bridger Series C Preferred S hares		315,789.473684	$	288,332,735
Adjustment to maximum redemption value		—		202,688,810

Balance as of December 31, 2022		315,789.473684	$	489,021,545

Stockholders' Deficit	3 Months Ended
Stockholders' Deficit	Mar. 31, 2023
Equity [Abstract]
Stockholders' Deficit	Note 21 – Stockholders’ Deficit For periods prior to the Closing, Legacy Bridger had Class A, Class B, Class C and Class D Common shares. As described in “Note 1—Organization and Basis of Presentation,” on January 24, 2023, we consummated the Reverse Recapitalization between Jack Creek Investment Corporation and Legacy Bridger. Subsequent to the Closing, the Company’s Common Stock is the only authorized and issued class of common stock. Legacy Bridger Common Shares Legacy Bridger had 30,000,000 Class A Common Shares issued and outstanding as of December 31, 2022. The holders of these shares were entitled to one vote for each share held of record on all matters submitted to a vote of our shareholders. These Class A Common Shares were issued to ElementCompany, LLC. Legacy Bridger had 9,756,130 Class B Common Shares issued and outstanding as of December 31, 2022 and 2021. The holders of these shares were entitled to one vote for each share held of record on all matters submitted to a vote of our shareholders. Legacy Bridger had 243,871 Class C Common Shares issued and outstanding as of December 31, 2022. Legacy Bridger also had 606,061 shares of Class D Common Shares issued and outstanding as of December 31, 2022. The Class C and Class D shares were non-voting shares. The voting power of Legacy Bridger followed the structure of the elected Board members with 3 designees from the holders of Class A Common Shares and 2 designees from the holders of Class B Common Shares. This was planned to remain in place while the holders of Class B Common Shares in aggregate held at least 10% of the common shares outstanding and prior to any initial public offering, at which point voting power would change, based on the relevant shares outstanding. Bridger Common Stock In connection with the Reverse Recapitalization , the Company issued 43,769,290 shares of Common Stock, of which 39,081,744 shares were issued to Legacy Bridger Common shareholders, 2,084,357 shares were issued to the public shareholders of JCIC and 2,603,189 shares were issued to JCIC Sponsor and independent directors of JCIC upon Closing. Of the shares issued to Legacy Bridger Common shareholders and JCIC Sponsor, 233,323 and 855,000 shares are subject to continuing vesting conditions, respectively. Holders of Common Stock are entitled to full economic rights, including the right to receive dividends when and if declared by the Board, subject to any statutory or contractual restrictions of the payment of dividends and any restrictions on the payment of dividends imposed by the vesting conditions of the unvested Common Stock. Each holder of Common Stock is entitled to one vote for each Common Stock held.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI https://asc.fasb.org/topic&trid=2208762

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Section 50
-Paragraph 13
-Subparagraph (b)
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 14
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-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-Paragraph 18
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
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-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008

+ Details

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Summary of the Company's Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The following tables summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis, by level, within the fair value hierarchy:


	As of March 31, 2023
	Level 1		Level 2		Level 3

Assets
Cash	$	264,845	$	—	$	—
Cash equivalents:
Money market fund		2,025,399		—		—

Total Cash and cash equivalents		2,290,224		—		—
Restricted cash:
Money market fund		9,381,562		—		—
Other restricted cash		3,017,163		—		—

Total Restricted cash		12,398,725		—		—
Investments in marketable securities		—		30,322,527		—
Interest rate swap		—		1,152,383		—

Total assets	$	14,688,969	$	31,474,910	$	—

Liabilities
Warrant liabilities – Public Warrants	$	2,760,000	$	—	$	—
Warrant liabilities – Private Placement Warrants		—		1,504,000		—
Excess hold fee payable on Series A Preferred Stock		2,236,842		—		—
Embedded derivative of Series A Preferred Stock		—		—		693,745

Total liabilities	$	4,996,842	$	1,504,000	$	693,745


	As of December 31, 2022
	Level 1		Level 2		Level 3
Assets
Cash	$	259,522	$	—	$	—
Cash equivalents:
Commercial paper		—		29,890,313		—
Money market fund		12,640		—		—

Total Cash and cash equivalents		272,162		29,890,313		—
Restricted cash:
Money market fund		9,284,362		—		—
Other restricted cash		3,012,789		—		—

Total Restricted cash		12,297,151		—		—
Investments in marketable securities		—		54,980,156		—
Interest rate swap		—		1,407,135		—

Total assets	$	12,569,313	$	86,277,604	$	—

Liabilities
Freestanding derivative on Legacy Bridger Series C Preferred Shares	$	—	$	—	$	2,186,283
Embedded derivative of Legacy Bridger Series C Preferred Shares		—		—		1,039,330

Total liabilities	$	—	$	—	$	3,225,613

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Goodwill and Intangible Assets, Net (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:


			As of March 31, 2023
	Estimated Life (Years)		Gross Carrying amount		Accumulated Amortization			Net Carrying Amount
Licenses		10	$	67,623	$	(48,867	)	$	18,756
Internal-use software		3		296,675		(133,648	)		163,027

Total intangible assets			$	364,298	$	(182,515	)	$	181,783


			As of December 31, 2022
	Estimated Life (Years)		Gross Carrying amount		Accumulated Amortization			Net Carrying Amount
Licenses		10	$	67,623	$	(47,177	)	$	20,446
Internal-use software		3		296,675		(108,925	)		187,750

Total intangible assets			$	364,298	$	(156,102	)	$	208,196

Interest Rate Swap and Freestanding Derivative

3 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Interest Rate Swap and Freestanding Derivative

Note 10 – Interest Rate Swap and Freestanding Derivative

Interest Rate Swap

The Company assesses interest rate cash flow risk by continually identifying and monitoring changes in interest rate exposures that may adversely affect expected future cash flows and by evaluating hedging opportunities.

The Company entered an interest rate swap with Rocky Mountain Bank (“RMB”) on March 12, 2020 to reduce risk related to variable-rate debt from the term loan, which was subject to changes in market rates of interest as discussed in

“Note 12

–

Long-Term Debt.”

The interest rate swap is designated as a cash flow hedge. The Company records its corresponding derivative asset on a gross basis in Other noncurrent assets at fair value on the Unaudited Condensed Consolidated Balance Sheets.

Each month, the Company makes interest payments to RMB under its loan agreement based on the current applicable

one-month

LIBOR rate plus the contractual LIBOR margin then in effect with respect to the term loan, without reflecting the interest rate swap. At the end of each calendar month, the Company receives or makes payments on the interest rate swap difference, if any, based on the received interest rate set forth in the table below. Interest payments on the Company’s term loan and payments received or made on the interest rate swap are reported net on the Unaudited Condensed Consolidated Statements of Operations as interest expense.

The Company had the following interest rate swap designated as a cash flow hedge:


As of March 31, 2023
Effective Date	Maturity Date	Notional Amount	Fair Value	Pay Fixed	Receive Rate
4/15/2020	3/15/2030	$10,949,462	$1,152,383	3.887%	1 Month LIBOR + 2.5%

As of December 31, 2022
Effective Date	Maturity Date	Notional Amount	Fair Value	Pay Fixed	Receive Rate
4/15/2020	3/15/2030	$11,110,484	$1,407,135	3.887%	1 Month LIBOR + 2.5%

The Company accounts for the interest rate swap as a cash flow hedge for accounting purposes under US GAAP. The Company reflects the effect of this hedging transaction in the unaudited condensed consolidated financial statements. The unrealized gain is reported in other comprehensive income. If the Company terminates the interest rate swap agreement, the cumulative change in fair value at the date of termination would be reclassified from Accumulated other comprehensive income, which is classified in stockholders’ deficit, into earnings on the Unaudited Condensed Consolidated Statements of Operations. No amounts were reclassified relating to the Company’s designated cash flow hedge during the three months ended March 31, 2023 and during the year ended December 31, 2022.

Freestanding Derivative

On April 9, 2022, JPMorgan Chase Funding Inc. (“JPMCF”) entered into a letter agreement with the Company to receive an excess hold fee of

5% of the aggregate initial stated value of the Legacy Bridger Series C Preferred

hares held by JPMCF in excess of $157,894,736.84 as of March 15, 2023. The excess hold fee was considered a freestanding derivative instrument until March 15, 2023 and became a fee payable thereafter. The initial freestanding derivative and subsequent excess hold fee payable were recorded at fair value in Accrued expenses and other current liabilities on the Unaudited Condensed Consolidated Balance Sheets.

As of March 31, 2023, the fair value of the fee payable is $2,237 thousand.

As of December 31, 2022, the fair value of the freestanding derivative on Legacy Bridger Series C Preferred

hares was $2,186 thousand. Realized gains and losses arising from changes in fair value of the freestanding derivative are recorded in earnings. For the three months ended March 31, 2023, the Company recorded a realized loss of $51 thousand in interest expense on the Unaudited Condensed Consolidated Statement of Operations.

Property, Plant and Equipment, Net - Summary of Property, Plant and Equipment, Net (Detail) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Aircraft	$ 188,645,160	$ 160,113,061
Less: accumulated depreciation	(17,794,943)	(16,783,360)
Aircraft, net	170,850,217	143,329,701
Construction-in-progress—Aircraft		16,992,010
Buildings	16,522,454	16,519,231
Vehicles and equipment	2,871,841	2,810,560
Construction-in-progress - Buildings	15,219,361	13,780,316
Finance lease right-of-use-asset	130,378	130,378
Licenses	234,682	234,682
Less: accumulated depreciation	(2,406,334)	(1,705,465)
Buildings and equipment, net	32,572,382	31,769,702
Total property, plant and equipment, net	$ 203,422,599	$ 192,091,413

Condensed Consolidated Balance Sheets - USD ($)

Mar. 31, 2023

Dec. 31, 2022

Current assets:

Cash and cash equivalents

$ 2,290,244

$ 30,162,475

Restricted cash

12,398,725

12,297,151

Investments in marketable securities

30,322,527

54,980,156

Accounts receivable

^[1]

367,336

28,902

Aircraft support parts

434,894

1,761,270

Prepaid expenses and other current assets

3,076,473

1,835,032

Deferred offering costs

5,800,144

Total current assets

48,890,199

106,865,130

Property, plant and equipment, net

203,422,599

192,091,413

Intangible assets, net

181,783

208,196

Goodwill

2,457,937

Other noncurrent assets

6,739,998

4,356,225

Total assets

261,692,516

305,978,901

Current liabilities:

Accounts payable

3,503,466

3,170,354

Accrued expenses and other current liabilities

13,063,960

18,669,572

Operating right-of-use current liability

22,126

21,484

Current portion of long-term debt, net of debt issuance costs

2,446,320

2,445,594

Total current liabilities

19,035,872

24,307,004

Long-term accrued expenses and other noncurrent liabilities

5,804,275

45,659

Operating right-of-use noncurrent liability

745,989

754,673

Long-term debt, net of debt issuance costs

^[2]

205,241,626

205,471,958

Total liabilities

230,827,762

230,579,294

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' DEFICIT

Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 43,769,290 shares issued and outstanding at March 31, 2023; 39,081,744 shares issued and outstanding at December 31, 2022

4,832

3,908

Additional paid-in capital

73,406,859

Accumulated deficit

(381,032,705)

(415,304,343)

Accumulated other comprehensive income

1,552,381

1,678,497

Total members' deficit

(306,068,633)

(413,621,938)

Total liabilities, mezzanine equity and members' deficit

261,692,516

305,978,901

Legacy Bridger Series C Preferred Shares [Member]

MEZZANINE EQUITY

Preferred stock

$ 489,021,545

Series A Preferred Stock [Member]

MEZZANINE EQUITY

Preferred stock

$ 336,933,387

[1]	Includes related party accounts receivable of $321,244 as of March 31, 2023.
[2]	Includes related party debt of $10,000,000 for the 2022 taxable industrial revenue bond as of March 31, 2023 and December 31, 2022, respectively.

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 19 – Income Taxes As a result of the Reverse Recapitalization, the Company became the successor of Legacy Bridger, as discussed in “Note 1 – Organization and Basis of Presentation , ” which is treated as a partnership for U.S. federal income tax purposes. As a partnership, Legacy Bridger’s net income or loss is allocated among the members in accordance with the Company’s operating agreement, and federal income taxes are not payable or provided for by Legacy Bridger. Members are taxed individually on their pro rata ownership share of Legacy Bridger’s earnings. Subsequent to the Reverse Recapitalization, the Company became the successor of Legacy Bridger. The Company is subject to U.S. federal income taxes, in addition to state and local income taxes, with respect to net taxable income or loss and any related tax credits of the Company. The effective tax rate was 0% for three months ended March 31, 2023. The tax rate differs from the federal statutory rate as a result of the full valuation allowance recognized against the Company’s deferred tax assets. As a result of the Reverse Recapitalization, the Company recognized a deferred tax asset (“DTA”) to account for the difference between the Company’s book and tax basis in its investment in Legacy Bridger. Tax basis exceeds book basis largely because of the tax basis step-up created in various business and equity transactions prior to the Reverse Recapitalization. The Company expects to generate more deferred tax assets related to the issuance of stock-based compensation discussed in “Note 15 – Stock-Based Compensation” and federal net operating losses. The Company has assessed the realizability of the net deferred tax assets and in that analysis has considered the relevant positive and negative evidence available to determine that it is more likely than not that the deferred tax assets will not be realized as the Company does not expect to generate sufficient taxable income in the near term. The Company’s income tax filings will be subject to audit by various taxing jurisdictions. The Company will monitor the status of U.S. federal, state and local income tax returns that may be subject to audit in future periods. No U.S. federal, state and local income tax returns are currently under examination by the respective taxing authorities.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

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+ Details

Condensed Consolidated Statements of Comprehensive Loss - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (44,684,938)	$ (14,873,009)
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustment	192	(287)
Unrealized (loss) gain on derivative instruments	(271,801)	674,381
Unrealized gain on investments in marketable securities	318,645	0
Reclassification of realized gains on investments in marketable securities to earnings	(173,152)	0
Total other comprehensive (loss) income, net of tax	(126,116)	674,094
Comprehensive loss	$ (44,811,054)	$ (14,198,915)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Goodwill and Intangible Assets, Net - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Goodwill carrying amount	$ 2,457,937		$ 2,457,937
Goodwill impairment loss	0	$ 0
Amortization of other noncurrent assets	$ 26,000	$ 8,000

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Organization and Basis of Presentation

3 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Basis of Presentation

Note 1 – Organization and Basis of Presentation

Nature of Business

Bridger Aerospace Group Holdings, Inc. and its subsidiaries (“Bridger”, “the Company,” “we,” “us” or “our”) provide aerial wildfire management, relief and suppression and delivery of firefighting services using next generation technology and sustainable and environmentally safe firefighting methods.

As of March 31, 2023, the Company owns

aircraft, including 5 Twin Commander surveillance platforms, 4 Quest Kodiaks, 6 Viking CL415EAFs, 2 Aurora eVOTL Skiron and 1 Pilatus PC-12.

Basis of Presentation

The unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”). The unaudited condensed consolidated financial statements include the financial statements of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest.

Reverse Recapitalization

On January 24, 2023, (the “Closing Date”), Jack Creek Investment Corp (“JCIC”) completed the reverse recapitalization (the “Closing” and the
“Reverse Recapitalization”) with the Company’s predecessor, Bridger Aerospace Group Holdings, LLC and its subsidiaries (collectively, “Legacy Bridger”), which operated the majority of the historical business and was identified as the acquirer and predecessor upon the consummation of the transactions contemplated by the agreement and plan of merger (the “Transaction Agreements”) entered into on August 3, 2022. On the Closing Date, pursuant to the Transaction Agreements, JCIC and Legacy Bridger became wholly owned subsidiaries of a new public entity that was renamed Bridger Aerospace Group Holdings, Inc, and JCIC shareholders and Legacy Bridger equity holders converted their equity ownership in JCIC and Legacy Bridger, respectively, into equity ownership in Bridger.

Upon the consummation of the Reverse Recapitalization, Bridger issued Common Stock to the Legacy Bridger equity holders and Series A Preferred Stock (as defined below) as summarized below:

•

the surrender and exchange of all 606,061

Legacy Bridger incentive units (“Incentive Units”) into

583,308

shares of Bridger’s common stock, par value $0.0001, (“Common Stock”) at a deemed value of

$10.00 per share as adjusted by the per share

ommon

tock consideration of approximately 0.96246 (the “Exchange Ratio”), rounded down to the nearest share for each holder;

•

the direct or indirect surrender and exchange of the remaining 40,000,000 issued and outstanding shares of Legacy Bridger common shares (excluding Incentive Units) into 38,498,436 shares of

ommon

tock at a deemed value of $10.00 per share as adjusted by the Exchange Ratio, rounded down to the nearest share for each holder; and

•

the surrender and exchange of all 315,789.473684

issued and outstanding Series C preferred shares of Legacy Bridger (the “Legacy Bridger Series C Preferred Shares”), which were surrendered and exchanged on a one-to-one basis in connection with the Reverse Recapitalization into

315,789.473684

shares of preferred stock of Bridger that have the rights, powers, designations, preferences, and qualifications, limitations and restrictions set forth in Section 4.5 of the Amended and Restated Certificate of Incorporation (the “Series A Preferred Stock”). The Series A Preferred Stock are convertible at the election of the holders into shares of Common Stock, without the payment of additional consideration by the holders into such number of shares of Common Stock as determined by dividing the original issue price, plus accrued interest by a conversion price equal to $11 at the time of conversion.

Other related events occurred in connection with the Reverse Recapitalization, are summarized below:

•

the filing and effectiveness of the Amended and Restated Certificate of Incorporation of Bridger and the effectiveness of the Amended and Restated Bylaws of Bridger, each of which occurred immediately prior to the Closing;

•

the adoption and assumption of the 2023 Omnibus Incentive Plan and any grants or awards issued thereunder and adoption of the 2023 Employee Stock Purchase Plan upon the Closing to grant equity awards to Bridger employees; and

•

during the period from the Closing until five years following the Closing, JCIC subjected

20% of JCIC’s issued and outstanding common stock (“Sponsor Earnout Shares”), comprised of two separate tranches of 50% of the Sponsor Earnout Shares per tranche, to potential forfeiture to Bridger for no consideration until the occurrence (or deemed occurrence) of certain triggering events.

Immediately after giving effect to the Transaction Agreements, the following were outstanding:

•

43,769,290

shares of Common Stock;

•

315,789.473684

shares of Bridger Series A Preferred Stock;

•

9,400,000

private placement warrants (“Private Placement Warrants”) to purchase shares of Common Stock at an exercise price of

$11.50 per share

;

•

17,250,000

public warrants (“Public Warrants”) to purchase shares of Common Stock at an exercise price of $

11.50 per

;

•

6,581,497

restricted stock units issued to the executives and senior management of the Company.

In connection with the Reverse Recapitalization, the Company paid transaction costs of $

10,302

thousand as of the Closing.

The transactions contemplated by the Transaction Agreements were accounted for as a reverse recapitalization in accordance with GAAP. Under this method of accounting, JCIC was treated as the “acquired” company for financial reporting purposes. Accordingly, for accounting purposes, the financial statements of Bridger represent a continuation of the financial statements of Legacy Bridger with the Reverse Recapitalization treated as the equivalent of Legacy Bridger issuing stock for the net assets of JCIC, accompanied by a recapitalization. The net assets of JCIC will be stated at historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Reverse Recapitalization will be those of Legacy Bridger in future reports of Bridger.

Legacy Bridger has been determined to be the accounting acquirer based on evaluation of the following facts and circumstances:

•

Legacy Bridger equity holders have a relative majority of the voting power of Bridger;

•

Bridger’s board of directors (the “Board”) has nine (9) members, and representatives or designees of the Legacy Bridger equity holders comprise the majority of the members of the Board;

•

Legacy Bridger’s senior management comprise the senior management roles and be responsible for the

day-to-day

operations of Bridger;

•

Bridger assumed Legacy Bridger’s name of business;

•

The strategy and operations of Bridger continue Legacy Bridger’s former strategy and operations; and

•

The Reverse Recapitalization created an operating public company, with management continuing to use Legacy Bridger operations to grow the business.

The Sponsor Earnout Shares are determined to be equity classified instruments of Bridger and the Public Warrants and Private Placement Warrants are determined to remain liability classified instruments upon the Closing.

In accordance with guidance applicable to these circumstances, the equity structure has been recast in all comparative periods up to the Closing to reflect the number of shares of Common Stock issued to Legacy Bridger’s stockholders in connection with the Reverse Recapitalization. As such, the shares and corresponding capital amounts and earnings per share related to Legacy Bridger’s common stock prior to the Reverse Recapitalization have been retroactively recasted as shares of Common Stock using the Exchange Ratio.

On January 25, 2023, shares of the Company’s Common Stock began trading on the Nasdaq Global Market under the ticker symbol “BAER.”

Liquidity

The Company had $2,290 thousand and $30,162 thousand of cash and cash equivalents as of March 31, 2023 and December 31, 2022, respectively. The Company had $30,323 thousand and $54,980 thousand of investments in debt securities classified as

available-for-sale

with short-term maturities of less than one year and carried at fair value as of March 31, 2023 and December 31, 2022, respectively.

The Company has entered into various term loan agreements and other long-term debt to fund the purchase of aircraft, finance the construction of aircraft hangars and to supplement its cash balance. As of March 31, 2023, the Company has $2,446 thousand of current portion of long-term debt, net of debt issuance costs. As of March 31, 2023, future contractual payments related to the construction of the third hangar are $2,467 thousand for the next twelve months.

The Company believes it will be sufficiently funded for its short-term liquidity needs and the execution of its business plan for at least 12 months following the date at which the unaudited condensed consolidated financial statements were filed. As of April 30, 2023, the Company has cash and cash equivalents of

$3,721

thousand, restricted cash of

$12,437

thousand and investments in debt securities classified as available-for-sale of

$24,591

housand.

Net Income (Loss) Per Share - Schedule of Potentially Diluted Common Shares that were Excluded from the Diluted Net Loss Per Share (Detail) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Unvested Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from diluted net income (loss) per share	4,181,142
Warrants [Member] \| Public Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from diluted net income (loss) per share	17,250,000
Warrants [Member] \| Private Placement Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from diluted net income (loss) per share	9,400,000
Unvested Legacy Bridger Incentive Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from diluted net income (loss) per share		323,232

Stockholders' Deficit - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2022	Mar. 31, 2023	Jan. 24, 2023	Dec. 31, 2021
Class of Stock [Line Items]
Common stock shares issued	39,081,744	43,769,290
Common stock shares outstanding	39,081,744	43,769,290	43,769,290
Legacy Bridger Common Shareholders [Member]
Class of Stock [Line Items]
Temporary equity shares outstanding	233,323
JCIC Sponsor [Member]
Class of Stock [Line Items]
Temporary equity shares outstanding	855,000
Common Class A [Member]
Class of Stock [Line Items]
Common stock voting rights	one vote
Stock issued during period shares	43,769,290
Common Class A [Member] \| Legacy Bridger Common Shareholders [Member]
Class of Stock [Line Items]
Stock issued during period shares	39,081,744
Common Class A [Member] \| Public Shareholders [Member]
Class of Stock [Line Items]
Stock issued during period shares	2,084,357
Common Class A [Member] \| JCIC Sponsor and Independent Directors of JCIC [Member]
Class of Stock [Line Items]
Stock issued during period shares	2,603,189
Common Class A [Member] \| Legacy Bridger Common Shares [Member]
Class of Stock [Line Items]
Common stock shares issued	30,000,000
Common stock shares outstanding	30,000,000
Common stock voting rights	one vote
Common Class B [Member] \| Legacy Bridger Common Shares [Member]
Class of Stock [Line Items]
Common stock shares issued	9,756,130			9,756,130
Common stock shares outstanding	9,756,130			9,756,130
Common stock voting rights	one vote
Percentage of common shares outstanding	10.00%
Common Class C [Member] \| Legacy Bridger Common Shares [Member]
Class of Stock [Line Items]
Common stock shares issued	243,871
Common Class D [Member] \| Legacy Bridger Common Shares [Member]
Class of Stock [Line Items]
Common stock shares issued	606,061
Common stock shares outstanding	606,061

Interest Rate Swap and Freestanding Derivative - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Apr. 09, 2022
Derivative Instruments And Hedging Activities Disclosure [Line Items]
Freestanding derivative on Legacy Bridger Series C Preferred Shares		$ 2,186,283
Derivative gain (loss) on derivative	$ (51,000)
Freestanding Derivative Excess Hold Fee Payable [Member]
Derivative Instruments And Hedging Activities Disclosure [Line Items]
Derivative liability fair value	$ 2,237,000
Series C Preferred Stock [Member]
Derivative Instruments And Hedging Activities Disclosure [Line Items]
Percentage of stated value shares			5.00%
Legacy Bridger Series C Preferred Shares [Member] \| JPMorgan Chase Funding Inc [Member]
Derivative Instruments And Hedging Activities Disclosure [Line Items]
Preferred stock value held by related party			$ 157,894,736.84

Mezzanine Equity - Summary of Class A Shares of Common Stock Issuable Upon Conversion (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Redeemable Series A Preferred Stock [Member]
Temporary Equity [Line Items]
Issued as of the Closing Date, Shares	315,789.473684
Issued as of the Closing date, Amounts	$ 332,658,947
Adjustment to maximum redemption value, Amounts	$ 4,274,440
Balance, Shares	315,789.473684
Balance, Amount	$ 336,933,387
Redeemable Legacy Bridger Series C Preferred Shares [Member]
Temporary Equity [Line Items]
Issuance of Legacy Bridger Series C Preferred Shares, Shares		315,789.473684
Issuance of Legacy Bridger Series C Preferred Shares, Amounts		$ 288,332,735
Adjustment to maximum redemption value, Amounts		$ 202,688,810
Balance, Shares		315,789.473684
Balance, Amount		$ 489,021,545

Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Detail) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid insurance	$ 1,882,782	$ 968,721
Prepaid subscriptions	1,090,397	770,724
Other current assets	103,294	95,587
Total prepaid expenses and other current assets	$ 3,076,473	$ 1,835,032

Cash Equivalents And Investments in Marketable Securities - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash and Cash Equivalents [Line Items]
Other comprehensive (loss) income available for sale securities	$ 318,645	$ 0
Reclassified of accumulated other comprehensive income	173,152	0
Available-for-Sale Securities [Member]
Cash and Cash Equivalents [Line Items]
Proceeds from sale of available for sale securities	25,062,000
Available for sale securities gross realized gains	259,000
Other asset impairment charges	$ 0	$ 0

Other Noncurrent Assets (Tables)

3 Months Ended

Mar. 31, 2023

Other Assets, Noncurrent Disclosure [Abstract]

Summary of Other Noncurrent Assets

Other noncurrent assets consisted of the following:


	As of March 31, 2023		As of December 31, 2022
Investment in Overwatch	$	1,000,000	$	1,000,000
Operating lease right-of-use asset		636,355		671,054
Interest rate swap		1,152,383		1,407,135
Prepaid subscriptions		3,919,352		1,246,128
Other assets		31,908		31,908

Total other noncurrent assets	$	6,739,998	$	4,356,225

Property, Plant and Equipment, Net - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Property, Plant and Equipment [Line Items]
Gain (loss) on disposal of assets	$ 1,459	$ (781,492)
Air Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
Interest costs capitalized	393,000	53,000
Cost of Sales [Member] \| Air Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation	1,005,000	1,004,000
Selling, General and Administrative Expenses [Member] \| Air Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation	719,000	255,000
Gain (loss) on disposal of assets	$ 1,000	$ (781,000)

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2023	May 10, 2023
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Entity Registrant Name	BRIDGER AEROSPACE GROUP HOLDINGS, INC.
Entity Central Index Key	0001941536
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity File Number	001-41603
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Address, Address Line One	90 Aviation Lane
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	88-3599336
Entity Address, City or Town	Belgrade
Entity Address, State or Province	MT
Entity Address, Postal Zip Code	59714
City Area Code	406
Local Phone Number	813-0079
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	BAER
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		43,769,290
Warrant [Member]
Document Information [Line Items]
Title of 12(b) Security	Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share
Trading Symbol	BAERW
Security Exchange Name	NASDAQ

Revision of Previously Issued Financial Statements (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Changes and Error Corrections [Abstract]

Schedule of Revision of Previously Issued Financial Statements

(i)

an error in the accounting for a freestanding instrument which requires separate accounting under ASC 815,

Derivatives and Hedging

related to Legacy Bridger Series C Preferred Shares’ features.


	As of December 31, 2022
	As Previously Reported			Impact of Revision			As Revised
Balance Sheets:
Total assets	$	305,978,901		$	—		$	305,978,901
Accrued expenses and other current liabilities		16,483,289			2,186,283			18,669,572
Total current liabilities		22,120,721			2,186,283			24,307,004
Total liabilities		228,393,011			2,186,283			230,579,294
Legacy Bridger Series C Preferred Shares		489,021,545			—			489,021,545
Accumulated deficit		(413,118,060	)		(2,186,283	)		(415,304,343	)
Total members’ deficit		(411,435,655	)		(2,186,283	)		(413,621,938	)
Total liabilities, mezzanine equity and members’ deficit	$	305,978,901		$	—		$	305,978,901


	For the year ended December 31, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Operations:
Interest expense	$	(20,017,177	)	$	(2,709	)	$	(20,019,886	)
Net loss	$	(42,121,959	)	$	(2,709	)	$	(42,124,668	)
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value		(200,505,236	)		(2,183,574	)		(202,688,810	)
Net loss attributable to common shareholders	$	(328,290,531	)	$	(2,186,283	)	$	(330,476,814	)
Net loss per share attributable to common shareholders – basic and diluted	$	(8.15	)	$	(0.05	)	$	(8.20	)

(All amounts in U.S. dollars, except as stated)


	For the year ended December 31, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Members’ Equity:
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value	$	(200,505,236	)	$	(2,183,574	)	$	(202,688,810	)
Net loss		(42,121,959	)		(2,709	)		(42,124,668	)
Accumulated deficit		(413,118,060	)		(2,186,283	)		(415,304,343	)
Accumulated other comprehensive income		1,678,497			—			1,678,497
Total members’ deficit	$	(411,435,655	)	$	(2,186,283	)	$	(413,621,938	)

	For the year ended December 31, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Cash Flows:
Cash Flows from Operating Activities:
Net loss	$	(42,121,959	)	$	(2,709	)	$	(42,124,668	)
Change in fair value of freestanding derivative		—			2,709			2,709
Net cash used in operating activities		(9,917,608	)		—			(9,917,608	)
Net change in cash, cash equivalents, and restricted cash		25,198,494			—			25,198,494
Cash, cash equivalents and restricted cash and cash equivalents – end of period	$	42,459,626		$	—		$	42,459,626
Cash and cash equivalents – end of period	$	30,162,475		$	—		$	30,162,475



	As of September 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Balance Sheets:
Total assets	$	320,554,139		$	—		$	320,554,139
Accrued expenses and other current liabilities		12,355,584			2,124,265			14,479,849
Total current liabilities		19,472,020			2,124,265			21,596,285
Total liabilities	$	226,008,817		$	2,124,265		$	228,133,082
Series C Preferred shares		483,385,214			—			483,385,214
Accumulated deficit		(390,307,424	)		(2,124,265	)		(392,431,689	)
Total members’ deficit		(388,839,892	)		(2,124,265	)		(391,036,037	)
Total liabilities, mezzanine equity and members’ deficit	$	320,554,139		$	—		$	320,554,139


	For the nine months ended September 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Operations:
Interest expense	$	(13,052,438	)	$	59,309		$	(12,993,129	)
Net loss	$	(25,117,707	)	$	59,309		$	(25,058,398	)
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value		(194,700,545	)		(2,183,574	)		(196,884,119	)
Net loss attributable to common shareholders	$	(305,481,588	)	$	(2,124,265	)	$	(307,605,853	)
Net loss per share attributable to common shareholders – basic and diluted	$	(7.58	)	$	(0.06	)	$	(7.64	)

	For the nine months ended September 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Members’ Equity:
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value	$	(194,700,545	)	$	(2,183,574	)	$	(196,884,119	)
Net loss		(25,117,707	)		59,309			(25,058,398	)
Accumulated deficit		(390,307,424	)		(2,124,265	)		(392,431,689	)
Total members’ deficit	$	(388,839,892	)	$	(2,124,265	)	$	(390,964,157	)

	For the nine months ended September 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Cash Flows:
Cash Flows from Operating Activities:
Net loss	$	(25,117,707	)	$	59,309		$	(25,058,398	)
Change in fair value of freestanding derivative		—			(59,309	)		(59,309	)
Net cash used in by operating activities		(7,930,502	)		—			(7,930,502	)

Net change in cash, cash equivalents, and restricted cash		89,107,304			—			89,107,304
Cash, cash equivalents and restricted cash and cash equivalents – end of period	$	106,368,436		$	—		$	106,368,436
Cash and cash equivalents – end of period	$	94,143,466		$	—		$	94,143,466

	As of June 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Balance Sheets:
Total assets	$	309,603,293		$	—		$	309,603,293
Accrued expenses and other current liabilities		10,359,417			2,183,574			12,542,991
Total current liabilities		32,207,636			2,183,574			34,391,210
Total liabilities		209,837,425			2,183,574			212,020,999
Series C Preferred shares		477,741,883			—			475,558,309
Accumulated deficit		(378,984,493	)		(2,183,574	)		(381,168,067	)
Total members’ deficit		(377,976,015	)		(2,183,574	)		(380,159,589	)
Total liabilities, mezzanine equity and members’ deficit	$	309,603,293		$	—		$	309,603,293


	For the six months ended June 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Operations:
Net loss	$	(19,435,884	)	$	—		$	(19,435,884	)
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value		(189,057,208	)		(2,183,574	)		(191,240,782	)
Net loss attributable to common shareholders	$	(294,156,428	)	$	(2,183,574	)	$	(296,340,002	)
Net loss per share attributable to common shareholders – basic and diluted	$	(7.30	)	$	(0.06	)	$	(7.36	)

	For the six months ended June 30, 2022
	As Previously Reported			Impact of Revision			As Revised
Statements of Members’ Equity:
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value	$	(189,057,208	)	$	(2,183,574	)	$	(191,240,782	)
Net loss		(19,435,884	)		—			(19,435,884	)
Accumulated deficit		(378,984,493	)		(2,183,574	)		(381,168,067	)
Accumulated other comprehensive income		1,008,478			—			1,008,478
Total members’ deficit	$	(377,976,015	)	$	(2,183,574	)	$	(380,159,589	)

Goodwill and Intangible Assets, Net

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Note 7 – Goodwill and Intangible Assets, Net

The Company’s goodwill originated from the acquisition of MA, LLC in April 2018. The carrying amount of goodwill was $2,458 thousand as of March 31, 2023 and December 31, 2022, respectively. There were no impairment charges recorded for goodwill for the three months ended March 31, 2023 and 2022.

Intangible assets consisted of the following:


			As of March 31, 2023
	Estimated Life (Years)		Gross Carrying amount		Accumulated Amortization			Net Carrying Amount
Licenses		10	$	67,623	$	(48,867	)	$	18,756
Internal-use software		3		296,675		(133,648	)		163,027

Total intangible assets			$	364,298	$	(182,515	)	$	181,783


			As of December 31, 2022
	Estimated Life (Years)		Gross Carrying amount		Accumulated Amortization			Net Carrying Amount
Licenses		10	$	67,623	$	(47,177	)	$	20,446
Internal-use software		3		296,675		(108,925	)		187,750

Total intangible assets			$	364,298	$	(156,102	)	$	208,196

Amortization expense for intangible assets and other noncurrent assets was $26 thousand and $8 thousand for the three months ended March 31, 2023 and 2022, respectively. Amortization expense is included in Selling, general and administrative expense on the Unaudited Condensed Consolidated Statements of Operations.

Commitments and Contingencies - Summary Of Future Payments Related To Construction Of The Hangar (Detail) - Hangar [Member]	Mar. 31, 2023 USD ($)
Contractual Obligation Fiscal Year Maturity Schedule [Line Items]
Remainder of 2023	$ 2,467,073
2024	0
2025	0
2026	0
2027	0
Thereafter	0
Total	$ 2,467,073

Related Party Transactions - Additional Information (Detail) - USD ($)			1 Months Ended	3 Months Ended
	Aug. 10, 2022	Jul. 21, 2022	Aug. 10, 2022	Mar. 31, 2023
Related Party Transaction [Line Items]
Revenue from related parties				$ 321,244
Accounts receivable, related parties				321,244
2022 Bonds [Member]
Related Party Transaction [Line Items]
Proceeds from debt	$ 25,000,000	$ 135,000,000
Proceeds from related party debt			$ 10,000,000
Payment of related party interest				575,000
Interest expenses related party				$ 284,000

- Definition

+ References

+ Details

Other Noncurrent Assets

3 Months Ended

Mar. 31, 2023

Other Assets, Noncurrent Disclosure [Abstract]

Other Noncurrent Assets

Note 8 – Other Noncurrent Assets

Other noncurrent assets consisted of the following:


	As of March 31, 2023		As of December 31, 2022
Investment in Overwatch	$	1,000,000	$	1,000,000
Operating lease right-of-use asset		636,355		671,054
Interest rate swap		1,152,383		1,407,135
Prepaid subscriptions		3,919,352		1,246,128
Other assets		31,908		31,908

Total other noncurrent assets	$	6,739,998	$	4,356,225

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Accounts receivable related party current	$ 321,244
Common stock par or stated value per share	$ 0.0001	$ 0.0001
Common stock shares authorized	1,000,000,000	1,000,000,000
Common stock shares issued	43,769,290	39,081,744
Common stock shares outstanding	43,769,290	39,081,744
Excess hold fee payable	$ 10,000,000	$ 10,000,000
Legacy Bridger Series C Preferred Shares [Member]
Temporary equity par or stated value per share		$ 0.001
Temporary equity shares authorized		315,789.473684
Temporary equity shares issued		315,789.473684
Temporary equity shares outstanding		315,789.473684
Series A Preferred Stock [Member]
Temporary equity par or stated value per share	$ 0.0001
Temporary equity shares authorized	315,789.473684
Temporary equity shares issued	315,789.473684
Temporary equity shares outstanding	315,789.473684

Cash Equivalents and Investments in Marketable Securities

3 Months Ended

Mar. 31, 2023

Cash and Cash Equivalents [Abstract]

Cash Equivalents and Investments in Marketable Securities

Note 3 – Cash Equivalents and Investments in Marketable Securities

The investments in marketable securities are classified as

available-for-sale

debt securities with short-term maturities of less than one year. The fair values, gross unrealized gains and losses of the

available-for-sale

securities by type are as follows:


	As of March 31, 2023		As of December 31, 2022

	Carrying Value
Cash equivalents
Commercial paper	$	—	$	29,890,313
Money market fund		2,025,399		12,640

Total cash equivalents	$	2,025,399	$	29,902,953

Restricted cash
Money market fund	$	9,381,562	$	9,284,362


	As of March 31, 2023
	Purchase Price		Unrealized Gains		Unrealized Losses		Fair Value
Investment in marketable securities
Commercial paper	$	13,421,156	$	276,857	$	—	$	13,698,013
Corporate bonds and notes		9,924,092		36,043		—		9,960,135
Government securities		6,658,634		5,745		—		6,664,379

Total marketable securities	$	30,003,882	$	318,645	$	—	$	30,322,527


	As of December 31, 2022
	Purchase Price		Unrealized Gains		Unrealized Losses			Fair Value
Investment in marketable securities
Commercial paper	$	32,635,849	$	277,674	$	—		$	32,913,523
Corporate bonds and notes		15,413,122		3,668		—			15,416,790
Government securities		6,658,634		—		(8,791	)		6,649,843

Total marketable securities	$	54,707,605	$	281,342	$	(8,791	)	$	54,980,156

The net unrealized gain included in total other comprehensive (loss) income for the three months

ended March 31, 2023 is $319 thousand. The Company did not have investments in marketable securities during the three months ended March 31, 2022.

The proceeds from sales of

available-for-sale

securities and gross realized gains included in earnings from sales of

available-for-sale

securities for the three months ended March 31, 2023 are $25,062 thousand and $259 thousand, respectively. The Company determines gains and losses using the

first-in

first-out

method. For the three months ended March 31, 2023, $173 thousand has been reclassified out of accumulated other comprehensive income. There have been no impairments measured for the three months ended March 31, 2023 and March 31, 2022, respectively.

Property, Plant and Equipment, Net

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Note 6 –Property, Plant and Equipment, Net

Property, plant and equipment, net consist of the

following:


	As of March 31, 2023			As of December 31, 2022

Aircraft	$	188,645,160		$	160,113,061
Less: accumulated depreciation		(17,794,943	)		(16,783,360	)

Aircraft, net		170,850,217			143,329,701

Construction-in-progress—Aircraft		—			16,992,010

Buildings		16,522,454			16,519,231
Vehicles and equipment		2,871,841			2,810,560
Construction-in-progress - Buildings		15,219,361			13,780,316
Finance lease right-of-use-asset		130,378			130,378
Licenses		234,682			234,682

Less: accumulated depreciation		(2,406,334	)		(1,705,465	)

Buildings and equipment, net		32,572,382			31,769,702

Total property, plant and equipment, net	$	203,422,599		$	192,091,413

For

the three months ended March 31, 2023, the Company recorded $1,005 thousand and $719 thousand of depreciation expense in Cost of revenu

and Selling, general and administrative expense, respectively. For the three months ended March 31, 2022, the Company recorded $1,004 thousand and $255 thousand of depreciation expense in Cost of revenues and Selling, general and administrative expense, respectively.

For the three months ended March 31, 2023 and 2022, the Company recorded a gain on sale of assets

of $1

thousand

and a loss on disposals of assets related to the obsolescence of an aging aircraft of

781

thousand, respectively, in Selling, general and administrative expense on the Unaudited Condensed Consolidated Statements of Operations.

For the three months ended March 31, 2023 and 2022, capitalized interest to equipment from debt financing was $393 thousand and $53 thousand, respectively. Aircraft that is currently being manufactured is considered construction in process and is not depreciated until the aircraft is placed into service. Aircraft that is temporarily not in service is not depreciated until placed into service.

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of weighted-average assumptions

The weighted-average assumptions the Company used in the option pricing model for 2021 are as follows:


Dividend yield (%)			0
Expected volatility (%)			46.5
Risk-free interest rate (%)			1.26
Term (in years)			5.00
Discount for lack of marketability (%)			30

Summary of incentive unit activity for the period

Incentive Unit activity under the Plan for the period from January 1, 2022 to March 31, 2023 was as follows:


	Time-Vesting Incentive Units				Exit-Vesting Incentive Units
	Number of Awards		Weighted average grant date fair value		Number of Awards		Weighted average grant date fair value
Unvested as of January 1, 2022		242,424	$	0.15		80,808	$	0.11
Granted		—		—		—		—
Vested		80,808		0.11		—		—
Forfeited		—		—		—		—

Unvested as of December 31, 2022		161,616	$	0.17		80,808	$	0.11
Granted		—		—		—		—
Vested		—		—		—		—
Forfeited		—		—		—		—

Unvested as of March 31, 2023		161,616	$	0.17		80,808	$	0.11

Summary of restricted stock unit activity for the period

The following is a summary of RSU activity for the period ended March 31, 2023:


	Restricted Stock Units
	Number of Awards			Weighted average grant date fair value
Unvested as of December 31, 2022		—		$	—
Granted		6,581,496			9.76
Forfeited		—			—
Vested		(2,400,354	)		9.00

Unvested as of March 31, 2023		4,181,142		$	10.19

Revision Of Previously Issued Financial Statements - Statements Of Operations (Detail) - USD ($)

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

Mar. 31, 2023

Mar. 31, 2022

Jun. 30, 2022

Sep. 30, 2022

Dec. 31, 2022

Error Corrections and Prior Period Adjustments Restatement [Line Items]

Interest expense

$ (5,664,545)

^[1]

$ (3,714,546)

^[1]

$ (12,993,129)

$ (20,019,886)

Net loss

(44,684,938)

(14,873,009)

$ (19,435,884)

(25,058,398)

(42,124,668)

Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value

(4,274,439)

(196,884,119)

(202,688,810)

Net income (loss) attributable to Common stockholders – basic

$ 59,103,220

$ (19,212,776)

$ (296,340,002)

$ (307,605,853)

$ (330,476,814)

Net loss per share attributable to common shareholders – basic

$ 1.36

$ (0.5)

$ (7.36)

$ (7.64)

$ (8.2)

Net loss per share attributable to common shareholders – diluted

$ 0.79

$ (0.5)

$ (7.36)

$ (7.64)

$ (8.2)

Series C Preferred Stock [Member]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value

$ (191,240,782)

As Previously Reported [Member]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

Interest expense

$ (13,052,438)

$ (20,017,177)

Net loss

(19,435,884)

(25,117,707)

(42,121,959)

Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value

(194,700,545)

(200,505,236)

Net income (loss) attributable to Common stockholders – basic

$ (294,156,428)

$ (305,481,588)

$ (328,290,531)

Net loss per share attributable to common shareholders – basic

$ (7.3)

$ (7.58)

$ (8.15)

Net loss per share attributable to common shareholders – diluted

$ (7.3)

$ (7.58)

$ (8.15)

As Previously Reported [Member] | Series C Preferred Stock [Member]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value

$ (189,057,208)

Impact of Revision [Member]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

Interest expense

$ 59,309

$ (2,709)

Net loss

59,309

(2,709)

Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value

(2,183,574)

Net income (loss) attributable to Common stockholders – basic

$ (2,183,574)

$ (2,124,265)

$ (2,186,283)

Net loss per share attributable to common shareholders – basic

$ (0.06)

$ (0.05)

Net loss per share attributable to common shareholders – diluted

$ (0.06)

$ (0.05)

Impact of Revision [Member] | Series C Preferred Stock [Member]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value

$ (2,183,574)

[1]	Includes related party interest of approximately $284,000 for the 2022 taxable industrial revenue bond for the three months ended March 31, 2023.

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Jan. 21, 2021
Supplemental Structural Life Management Program [Member]
Contractual Obligation Fiscal Year Maturity Schedule [Line Items]
Un-invoiced commitments purchase obligation			$ 3,500
Viking [Member] \| Aircraft Purchase Agreement [Member]
Contractual Obligation Fiscal Year Maturity Schedule [Line Items]
Payments to acquire machinery and equipment	$ 9,098
Un-invoiced commitments purchase obligation		$ 18,196
Sievert Construction, Inc [Member] \| Hangar [Member]
Contractual Obligation Fiscal Year Maturity Schedule [Line Items]
Payments to acquire machinery and equipment	359
Un-invoiced commitments purchase obligation	$ 2,467	$ 3,756

Summary of Significant Accounting Policies - Schedule of Disaggregation of Revenue by Service (Detail) - USD ($)

3 Months Ended

Mar. 31, 2023

Mar. 31, 2022

Disaggregation of Revenue [Line Items]

Revenues

^[1]

$ 365,373

$ 69,292

Fire suppression [Member]

Disaggregation of Revenue [Line Items]

Revenues

Aerial surveillance [Member]

Disaggregation of Revenue [Line Items]

Revenues

Other services [Member]

Disaggregation of Revenue [Line Items]

Revenues

$ 365,373

$ 69,292

[1]	Includes related party revenues of $321,244 for the three months ended March 31, 2023.

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Mezzanine Equity - Additional Information (Detail) - USD ($)			3 Months Ended
	Jan. 24, 2023	Apr. 25, 2022	Mar. 31, 2023	Mar. 15, 2023	Dec. 31, 2022	Apr. 09, 2022
Legacy Bridger Series C Preferred Shares [Member]
Temporary Equity [Line Items]
Temporary equity shares authorized		315,789.473684			315,789.473684
Temporary equity shares issued		315,789.473684			315,789.473684
Proceeds from issuance of redeemable preferred stock		$ 288,516,000
Payments of stock issuance costs		$ 11,484,000
Temporary equity accrued interest					$ 15,344,000
Redemption value					489,022,000
Temporary equity multiplier	50.00%
Per share conversion price of preferred stock			$ 12.929104
Temporary equity redemption trigger percentage of change in ownership interest			50.00%
Temporary equity percentage of annual increase of interest rate			2.00%
Fair value as of the balance sheet date of the embedded derivative					$ 1,039,000
Series A Preferred Stock [Member]
Temporary Equity [Line Items]
Temporary equity shares issued			315,789.473684
Temporary equity accrued interest			$ 4,274,000
Redemption value	$ 332,659,000		$ 336,933,000
Temporary equity multiplier	50.00%
Per share conversion price of preferred stock			$ 11
Temporary equity redemption trigger percentage of change in ownership interest			50.00%
Fair value as of the balance sheet date of the embedded derivative			$ 694,000
Temporary equity, accretion of dividends			$ 48,000,000
Temporary equity dividends	$ 156,363,000
First Year [Member] \| Before Qualified Public Offering [Member] \| Legacy Bridger Series C Preferred Shares [Member]
Temporary Equity [Line Items]
Temporary equity interest rate			7.00%
Second Year [Member] \| Before Qualified Public Offering [Member] \| Legacy Bridger Series C Preferred Shares [Member]
Temporary Equity [Line Items]
Temporary equity interest rate			9.00%
Thereafter [Member] \| Before Qualified Public Offering [Member] \| Legacy Bridger Series C Preferred Shares [Member]
Temporary Equity [Line Items]
Temporary equity interest rate			11.00%
Thereafter [Member] \| After Qualified Public Offering [Member] \| Legacy Bridger Series C Preferred Shares [Member]
Temporary Equity [Line Items]
Temporary equity interest rate			11.00%
First 6 Years [Member] \| After Qualified Public Offering [Member] \| Legacy Bridger Series C Preferred Shares [Member]
Temporary Equity [Line Items]
Temporary equity interest rate			7.00%
Seventh Year [Member] \| After Qualified Public Offering [Member] \| Legacy Bridger Series C Preferred Shares [Member]
Temporary Equity [Line Items]
Temporary equity interest rate			9.00%
Conversion of Legacy Bridger Series C Preferred shares to Series A Preferred stock [Member]
Temporary Equity [Line Items]
Conversion of stock, shares converted	315,789.473684
Conversion of stock, shares issued	315,789.473684
Conversion from Series A Preferred Stock to Common Stock [Member]
Temporary Equity [Line Items]
Conversion of stock, shares issued			30,264,501
Freestanding Derivative [Member] \| Legacy Bridger Series C Preferred Shares [Member]
Temporary Equity [Line Items]
Percentage of excess hold fee						5.00%
Minimum preferred stock ownership holding				$ 157,894,736.84
Minimum [Member] \| Series A Preferred Stock [Member]
Temporary Equity [Line Items]
Per share conversion price of preferred stock			$ 12.9
Maximum [Member] \| Series A Preferred Stock [Member]
Temporary Equity [Line Items]
Per share conversion price of preferred stock			$ 11

Property, Plant and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Summary of Property, Plant and Equipment, Net

Property, plant and equipment, net consist of the

following:


	As of March 31, 2023			As of December 31, 2022

Aircraft	$	188,645,160		$	160,113,061
Less: accumulated depreciation		(17,794,943	)		(16,783,360	)

Aircraft, net		170,850,217			143,329,701

Construction-in-progress—Aircraft		—			16,992,010

Buildings		16,522,454			16,519,231
Vehicles and equipment		2,871,841			2,810,560
Construction-in-progress - Buildings		15,219,361			13,780,316
Finance lease right-of-use-asset		130,378			130,378
Licenses		234,682			234,682

Less: accumulated depreciation		(2,406,334	)		(1,705,465	)

Buildings and equipment, net		32,572,382			31,769,702

Total property, plant and equipment, net	$	203,422,599		$	192,091,413

Aircraft Support Parts - Schedule of Aircraft Support Parts (Detail) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Airline Related Inventory, Net [Abstract]
Repairables and expendables	$ 434,894	$ 1,734,292
Other support parts		26,978
Total aircraft support parts	$ 434,894	$ 1,761,270

Revision of Previously Issued Financial Statements - Balance Sheets (Detail) - USD ($)	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Total assets	$ 261,692,516	$ 305,978,901	$ 320,554,139	$ 309,603,293
Current liabilities:
Accrued expenses and other current liabilities	13,063,960	18,669,572	14,479,849	12,542,991
Total current liabilities	19,035,872	24,307,004	21,596,285	34,391,210
Total liabilities	230,827,762	230,579,294	228,133,082	212,020,999
STOCKHOLDERS' DEFICIT
Accumulated deficit	(381,032,705)	(415,304,343)	(392,431,689)	(381,168,067)
Total members' deficit	(306,068,633)	(413,621,938)	(391,036,037)	(380,159,589)	$ (103,351,313)	$ (84,815,189)
Total liabilities, mezzanine equity and members' deficit	$ 261,692,516	305,978,901	320,554,139	309,603,293
Series C Preferred Stock [Member]
STOCKHOLDERS' DEFICIT
Preferred stock		489,021,545	483,385,214	475,558,309
As Previously Reported [Member]
ASSETS
Total assets		305,978,901	320,554,139	309,603,293
Current liabilities:
Accrued expenses and other current liabilities		16,483,289	12,355,584	10,359,417
Total current liabilities		22,120,721	19,472,020	32,207,636
Total liabilities		228,393,011	226,008,817	209,837,425
STOCKHOLDERS' DEFICIT
Accumulated deficit		(413,118,060)	(390,307,424)	(378,984,493)
Total members' deficit		(411,435,655)	(388,839,892)	(377,976,015)
Total liabilities, mezzanine equity and members' deficit		305,978,901	320,554,139	309,603,293
As Previously Reported [Member] \| Series C Preferred Stock [Member]
STOCKHOLDERS' DEFICIT
Preferred stock		489,021,545	483,385,214	477,741,883
Impact of Revision [Member]
ASSETS
Total assets			0
Current liabilities:
Accrued expenses and other current liabilities		2,186,283	2,124,265	2,183,574
Total current liabilities		2,186,283	2,124,265	2,183,574
Total liabilities		2,186,283	2,124,265	2,183,574
STOCKHOLDERS' DEFICIT
Accumulated deficit		(2,186,283)	(2,124,265)	(2,183,574)
Total members' deficit		$ (2,186,283)	(2,124,265)	$ (2,183,574)
Total liabilities, mezzanine equity and members' deficit			0
Impact of Revision [Member] \| Series C Preferred Stock [Member]
STOCKHOLDERS' DEFICIT
Preferred stock			$ 0

Condensed Consolidated Stockholders' Deficit - USD ($)	Total	Legacy Bridger Series A Preferred Shares [Member]	Legacy Bridger Series B Preferred Shares [Member]	Legacy Bridger Series C Preferred Shares Or Series A Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]
Beginning balance -Temporary Equity (Value) at Dec. 31, 2021		$ 1,050	$ 6,000
Beginning balance -Temporary Equity (Shares) at Dec. 31, 2021		10,500,000	60,000,000
Beginning balance - Permanent Equity (Value) at Dec. 31, 2021	$ (84,815,189)				$ 3,908	$ 0	$ (84,843,803)	$ 24,706
Beginning balance - Permanent Equity (Shares) at Dec. 31, 2021					39,081,744
Liquidation preference on Legacy Bridger Series A Preferred Shares	(4,339,767)						(4,339,767)
Unrealized gain on derivative instruments	674,381							674,381
Foreign currency translation adjustment	(287)							(287)
Stock based compensation attributable to Legacy Bridger holders prior to reverse recapitalization	2,558						2,558
Net loss	(14,873,009)						(14,873,009)
Unrealized gain on investments in marketable securities	0
Reclassification of realized gains on investments in marketable securities to earnings	0
Ending balance -Temporary Equity (Value) at Mar. 31, 2022		$ 1,050	$ 6,000
Ending balance -Temporary Equity (Shares) at Mar. 31, 2022		10,500,000	60,000,000
Ending balance - Permanent Equity (Value) at Mar. 31, 2022	(103,351,313)				$ 3,908	0	(104,054,021)	698,800
Ending balance - Permanent Equity (Shares) at Mar. 31, 2022					39,081,744
Beginning balance -Temporary Equity (Value) at Dec. 31, 2021		$ 1,050	$ 6,000
Beginning balance -Temporary Equity (Shares) at Dec. 31, 2021		10,500,000	60,000,000
Beginning balance - Permanent Equity (Value) at Dec. 31, 2021	(84,815,189)				$ 3,908	0	(84,843,803)	24,706
Beginning balance - Permanent Equity (Shares) at Dec. 31, 2021					39,081,744
Net loss	(19,435,884)
Ending balance - Permanent Equity (Value) at Jun. 30, 2022	(380,159,589)
Beginning balance -Temporary Equity (Value) at Dec. 31, 2021		$ 1,050	$ 6,000
Beginning balance -Temporary Equity (Shares) at Dec. 31, 2021		10,500,000	60,000,000
Beginning balance - Permanent Equity (Value) at Dec. 31, 2021	(84,815,189)				$ 3,908	0	(84,843,803)	24,706
Beginning balance - Permanent Equity (Shares) at Dec. 31, 2021					39,081,744
Net loss	(25,058,398)
Series A Preferred Stock adjustment to maximum redemption value	(196,884,119)
Ending balance - Permanent Equity (Value) at Sep. 30, 2022	(391,036,037)
Beginning balance -Temporary Equity (Value) at Dec. 31, 2021		$ 1,050	$ 6,000
Beginning balance -Temporary Equity (Shares) at Dec. 31, 2021		10,500,000	60,000,000
Beginning balance - Permanent Equity (Value) at Dec. 31, 2021	(84,815,189)				$ 3,908	0	(84,843,803)	24,706
Beginning balance - Permanent Equity (Shares) at Dec. 31, 2021					39,081,744
Net loss	(42,124,668)
Series A Preferred Stock adjustment to maximum redemption value	(202,688,810)
Ending balance -Temporary Equity (Value) at Dec. 31, 2022				$ 489,021,545
Ending balance -Temporary Equity (Shares) at Dec. 31, 2022				315,789
Ending balance - Permanent Equity (Value) at Dec. 31, 2022	(413,621,938)				$ 3,908	0	(415,304,343)	1,678,497
Ending balance - Permanent Equity (Shares) at Dec. 31, 2022					39,081,744
Series A Preferred Stock adjustment to maximum redemption value				$ 4,274,439
Unrealized gain on derivative instruments	(271,801)							(271,801)
Foreign currency translation adjustment	192							192
Net loss	(44,684,938)						(44,684,938)
Effect of the Closing (Value)	131,041,782			(156,362,597)	$ 684	52,084,522	78,956,576
Effect of the Closing (Shares)					4,687,546
Unrealized gain on investments in marketable securities	318,645							318,645
Reclassification of realized gains on investments in marketable securities to earnings	(173,152)							(173,152)
Series A Preferred Stock adjustment to maximum redemption value	(4,274,439)					(4,274,439)	0
Stock based compensation after reverse recapitalization(Value)	25,597,016				$ 240	25,596,776
Stock based compensation after reverse recapitalization(Shares)					2,400,354
Ending balance -Temporary Equity (Value) at Mar. 31, 2023				$ 336,933,387
Ending balance -Temporary Equity (Shares) at Mar. 31, 2023				315,789
Ending balance - Permanent Equity (Value) at Mar. 31, 2023	$ (306,068,633)				$ 4,832	$ 73,406,859	$ (381,032,705)	$ 1,552,381
Ending balance - Permanent Equity (Shares) at Mar. 31, 2023					46,169,644

Revision Of Previously Issued Financial Statements - Statements Of Cash Flows (Detail) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2022
Cash Flows from Operating Activities:
Net loss	$ (44,684,938)	$ (14,873,009)	$ (19,435,884)	$ (25,058,398)	$ (42,124,668)
Change in fair value of freestanding derivative	50,559			(59,309)	2,709
Net cash used in operating activities	(36,652,581)	(7,417,426)		(7,930,502)	(9,917,608)
Net change in cash, cash equivalents and restricted cash	(27,770,657)	(10,184,441)		89,107,304	25,198,494
Cash, cash equivalents and restricted cash – end of the period	14,688,969	7,076,691		106,368,436	42,459,626
Cash and cash equivalents – end of the period	$ 2,290,244	$ 3,623,759		94,143,466	30,162,475
As Previously Reported [Member]
Cash Flows from Operating Activities:
Net loss			$ (19,435,884)	(25,117,707)	(42,121,959)
Change in fair value of freestanding derivative				0	0
Net cash used in operating activities				(7,930,502)	(9,917,608)
Net change in cash, cash equivalents and restricted cash				89,107,304	25,198,494
Cash, cash equivalents and restricted cash – end of the period				106,368,436	42,459,626
Cash and cash equivalents – end of the period				94,143,466	30,162,475
Impact of Revision [Member]
Cash Flows from Operating Activities:
Net loss				59,309	(2,709)
Change in fair value of freestanding derivative				$ (59,309)	2,709
Net cash used in operating activities					$ 0

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Interest Rate Swap and Freestanding Derivative (Tables)

3 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Swap Designated as a Cash Flow Hedge

The Company had the following interest rate swap designated as a cash flow hedge:


As of March 31, 2023
Effective Date	Maturity Date	Notional Amount	Fair Value	Pay Fixed	Receive Rate
4/15/2020	3/15/2030	$10,949,462	$1,152,383	3.887%	1 Month LIBOR + 2.5%

As of December 31, 2022
Effective Date	Maturity Date	Notional Amount	Fair Value	Pay Fixed	Receive Rate
4/15/2020	3/15/2030	$11,110,484	$1,407,135	3.887%	1 Month LIBOR + 2.5%

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959

+ Details

Prepaid Expenses and Other Current Assets

3 Months Ended

Mar. 31, 2023

Prepaid Expense and Other Assets, Current [Abstract]

Prepaid Expenses and Other Current Assets

Note 5 – Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:


	As of March 31, 2023		As of December 31, 2022
Prepaid insurance	$	1,882,782	$	968,721
Prepaid subscriptions		1,090,397		770,724
Other current assets		103,294		95,587

Total prepaid expenses and other current assets	$	3,076,473	$	1,835,032

Summary of Significant Accounting Policies - Schedule of Disaggregation of Revenue by Type (Detail) - USD ($)

3 Months Ended

Mar. 31, 2023

Mar. 31, 2022

Disclosure in Tabular Form of Disaggregation of Revenue by Product and Service [Line Items]

Revenues

^[1]

$ 365,373

$ 69,292

Flight revenue [Member]

Disclosure in Tabular Form of Disaggregation of Revenue by Product and Service [Line Items]

Revenues

Standby revenue [Member]

Disclosure in Tabular Form of Disaggregation of Revenue by Product and Service [Line Items]

Revenues

Other revenue [Member]

Disclosure in Tabular Form of Disaggregation of Revenue by Product and Service [Line Items]

Revenues

$ 365,373

$ 69,292

[1]	Includes related party revenues of $321,244 for the three months ended March 31, 2023.

- Definition

+ References

+ Details

Mandatorily Redeemable Preferred Shares	3 Months Ended
Mandatorily Redeemable Preferred Shares	Mar. 31, 2023
Mandatorily Redeemable Preferred Shares [Abstract]
Mandatorily Redeemable Preferred Shares	Note 18 – Mandatorily Redeemable Preferred Shares Legacy Bridger Series B Preferred Shares Legacy Bridger had 60,000,000 Legacy Bridger Series B Preferred S hares issued and outstanding as of December 31, 2021 at $ 1.00 per share. The Legacy Bridger Series B Preferred S hares were non-voting and accrued interest at 17.5 % per annum, compounded quarterly. A mandatory redemption period was required for the Legacy Bridger Series B Preferred S hares plus their accrued interest in March of 2022. The shares were mandatorily redeemable by Legacy Bridger at an amount equal to the capital contribution, plus accrued but unpaid interest on the earlier of certain redemption events or March 31, 2022. The redemption events included the sale of Legacy Bridger or its subsidiaries representing more than 50 % of Legacy Bridger’s voting stock or assets, a qualified IPO or a similar liquidity event. The shares were redeemable at any time at the option of Legacy Bridger at a redemption price equal to face value, plus accrued, but unpaid interest. The shares had preference to the common shares of Legacy Bridger, were non-voting and did not participate in the earnings of Legacy Bridger. These Legacy Bridger Series B Preferred S hares accrued interest at 17.5 % annually, compounded quarterly. If not redeemed on or prior to March 31, 2022, the Legacy Bridger Series B Preferred Shares would have accrued interest at 21.5% annually, compounded quarterly. As the Legacy Bridger Series B Preferred S hares were mandatorily redeemable at a specified date, the security was classified as a liability on the Unaudited Condensed Consolidated Balance Sheets. On April 25, 2022, Legacy Bridger used a portion of the proceeds from the issuance of the Legacy Bridger Series C Preferred S hares to redeem all 60,000,000 of Legacy Bridger’s outstanding Legacy Bridger Series B Preferred S hares for $ 69,999 thousand, inclusive of $ 9,999 thousand in accrued interest. There were no Legacy Bridger Series B Preferred S hares as of March 31, 2023 and December 31, 2022. Legacy Bridger Series A Preferred Shares Legacy Bridger was authorized to issue 10,500,000 shares of Series A-1 and A-2 preferred shares (the “Legacy Bridger Series A-1 and A-2 Preferred Shares”) with a par value of $0.001 share for $105,000 thousand. The Legacy Bridger Series A-1 and A-2 Preferred Shares ranked senior to Legacy Bridger’s common shares and Legacy Bridger Series C Preferred Shares with respect to distribution of assets upon liquidation or certain triggering events, but did not participate in earnings of Legacy Bridger. The Legacy Bridger Series A-1 and A-2 Preferred Shares were voting and non-voting shares, respectively. On April 25, 2022, Legacy Bridger used the proceeds from the issuance of the Legacy Bridger Series C Preferred S hares to redeem 4,444,444 shares of the Legacy Bridger Series A-1 and A-2 Preferred S hares for $100,000 thousand. The loss on redemption of $34,622 thousand was reflected as a reduction to Accumulated deficit on the Unaudited Condensed Consolidated Balance Sheets. On April 25, 2022, Legacy Bridger and its investors included a new mandatory redemption provision requiring the Legacy Bridger Series A-1 and Series A-2 Preferred Shares to be redeemed on April 25, 2032. Due to the mandatory redemption provision, the Legacy Bridger Series A-1 and A-2 Preferred Shares have been reclassified from mezzanine equity to liability. Legacy Bridger elected the fair value option to measure the modification of the Legacy Bridger Series A-1 and A-2 Preferred Shares, recording a value of $ 132,331 thousand at modification. The modification of the Legacy Bridger Series A-1 and A-2 Preferred Shares have been accounted for as an extinguishment, with the change in fair value of $45,609 thousand recorded to Accumulated deficit on the Unaudited Condensed Consolidated Balance Sheets with no gain or loss recorded to net loss. The loss on extinguishment has been included in net loss attributable to common shareholders used to calculate net loss per share. The Legacy Bridger Series A-1 and A-2 Preferred Shares accrued interest on a liquidation preference defined as the combined capital contributions plus accrued preferred interest amounts at a rate of 12 % per annum. The Legacy Bridger Series A-1 and A-2 Preferred Shares were redeemable upon certain triggering events outside of the control of Legacy Bridger in the event of board expansion and deemed liquidation. Failure to pay the Legacy Bridger Series A-1 and A-2 Preferred Shares interest amount on a timely basis would trigger a board expansion event that provided the holders of the Legacy Bridger Series A-1 and A-2 Preferred Shares the option to obtain control of Legacy Bridger’s board of directors and initiate a triggering event. The triggering events included the sale of Legacy Bridger or its subsidiaries representing more than 50 % of Legacy Bridger’s voting stock or assets, a qualified IPO or a similar liquidity event. The Legacy Bridger Series A-1 and A-2 Preferred Shares were redeemable at any time at the option of Legacy Bridger at a redemption price equal to the greater of the product of the investment amount multiplied by 2.25 plus any indemnification amounts or aggregate liquidation preference. Legacy Bridger identified certain redemption features that would be required to be considered for bifurcation. Legacy Bridger elected the fair value option and as such, valued the host preferred shares and embedded features as one instrument. On July 21, 2022 and August 10, 2022, Legacy Bridger used the proceeds from the 2022 Bonds plus cash on hand to redeem in full the remaining 6,055,556 shares of the Legacy Bridger Series A-1 and A-2 Preferred Shares for aggregate proceeds of $136,250 thousand. The fair values of the Legacy Bridger Series A-1 and A-2 Preferred Shares were increased by $3,919 thousand from interest accrued since the modification on April 25, 2022 and no gain or loss were recorded to net loss upon extinguishment. There were no Legacy Bridger Series A Preferred S hares outstanding as of March 31, 2023 and December 31, 2022.

- Definition

Tabular disclosure of the nature and terms of the financial instruments and the rights and obligations embodied in those instruments, information about settlement alternatives, if any, in the contract and identification of the entity that controls the settlement alternatives including: a. The amount that would be paid, or the number of shares that would be issued and their fair value, determined under the conditions specified in the contract if the settlement were to occur at the reporting date b. How changes in the fair value of the issuer's equity shares would affect those settlement amounts (for example, "the issuer is obligated to issue an additional x shares or pay an additional y dollars in cash for each $1 decrease in the fair value of one share") c. The maximum amount that the issuer could be required to pay to redeem the instrument by physical settlement, if applicable d. The maximum number of shares that could be required to be issued, if applicable e. That a contract does not limit the amount that the issuer could be required to pay or the number of shares that the issuer could be required to issue, if applicable f. For a forward contract or an option indexed to the issuer's equity shares, the forward price or option strike price, the number of issuer's shares to which the contract is indexed, and the settlement date or dates of the contract, as applicable. g. The components of the liability that would otherwise be related to shareholders' interest and other comprehensive income (if any) subject to the redemption feature (for example, par value and other paid in amounts of mandatorily redeemable instruments are disclosed separately from the amount of retained earnings or accumulated deficit).

+ References + Details

Organization and Basis of Presentation - Additional Information (Detail)		3 Months Ended
	Jan. 24, 2023 USD ($) $ / shares shares	Mar. 31, 2023 USD ($) Aircrafts $ / shares shares	Apr. 30, 2023 USD ($)	Dec. 31, 2022 USD ($) $ / shares shares	Sep. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of aircraft operated \| Aircrafts		18
Common stock, shares, outstanding	43,769,290	43,769,290		39,081,744
Business combination, acquisition related costs \| $	$ 10,302,000
Common stock, par or stated value per share \| $ / shares		$ 0.0001		$ 0.0001
Cash and cash equivalents \| $		$ 2,290,244		$ 30,162,475	$ 94,143,466	$ 3,623,759
Restricted cash \| $		12,398,725				$ 3,452,932
Debt securities classified as available-for-sale \| $		30,322,527		54,980,156
Current portion of long-term debt, net of debt issuance costs \| $		$ 2,446,320		$ 2,445,594
Legacy Bridger [Member] \| Legacy Bridger Incentive Units [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of shares surrendered by subsidiary	606,061
Business acquisition, equity interest issued or issuable, number of shares	583,308
Shares issued, price per share \| $ / shares	$ 10
Common stock exchange ratio	0.96246
Common stock, par or stated value per share \| $ / shares	$ 0.0001
Legacy Bridger [Member] \| Legacy Bridger Common Shares [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of shares surrendered by subsidiary	40,000,000
Business acquisition, equity interest issued or issuable, number of shares	38,498,436
Shares issued, price per share \| $ / shares	$ 10
Jack Creek Investment Corp [Member] \| Sponsor Earnout Shares [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Percentage of common stock issued and outstanding	20.00%
Percentage of common stock per tranche	50.00%
Legacy Bridger Series C Preferred Shares [Member] \| Legacy Bridger [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of shares surrendered by subsidiary	315,789.473684
Common Stock, Conversion Price \| $ / shares	$ 11
Series A Preferred Stock [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Preferred stock, shares outstanding	315,789.473684
Series A Preferred Stock [Member] \| Legacy Bridger [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Business acquisition, equity interest issued or issuable, number of shares	315,789.473684
Private Placement Warrants [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Class of warrant or right, outstanding	9,400,000	9,400,000
Class of warrant or right, exercise price of warrants or rights \| $ / shares	$ 11.5	$ 0.16
Public Warrants [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Class of warrant or right, outstanding	17,250,000	17,250,000
Class of warrant or right, exercise price of warrants or rights \| $ / shares	$ 11.5	$ 0.16
Restricted Stock Units [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Share-based compensation arrangement by share-based payment award, shares issued in period	6,581,497
Aircraft hangars [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Long-term debt, maturity, year one \| $		$ 2,467,000
Subsequent Event [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Cash and cash equivalents \| $			$ 3,721,000
Restricted cash \| $			12,437,000
Debt securities classified as available-for-sale \| $			$ 24,591,000

Stock-Based Compensation - Summary Of Restricted Stock Unit Activity For The Period (Detail) - Restricted Stock Units (RSUs) [Member] - $ / shares		3 Months Ended
	Jan. 24, 2023	Mar. 31, 2023
Schedule Of Share Based Compensation Activity [Line Items]
Number of Award, Beginning Balance		0
Number of Award, Granted	6,581,496	6,581,496
Number of Award, Forfeited		0
Number of Award, Vested		(2,400,354)
Number of Award, Ending Balance		4,181,142
Weighted Average Grant Date Fair Value, Beginning Balance		$ 0
Weighted Average Grant Date Fair Value, Granted		9.76
Weighted Average Grant Date Fair Value, Forfeited		0
Weighted Average Grant Date Fair Value, Vested		9
Weighted Average Grant Date Fair Value, Ending Balance		$ 10.19

Fair Value Measurements - Summary of the Company's Assets and Liabilities that are Measured at Fair Value on a Recurring Basis (Detail) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Assets
Investments in marketable securities	$ 30,322,527	$ 54,980,156
Liabilities
Freestanding derivative		2,186,283
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Recurring [Member]
Assets
Cash and Cash Equivalents	2,290,224	272,162
Restricted cash	12,398,725	12,297,151
Total assets	14,688,969	12,569,313
Liabilities
Excess hold fee payable	2,236,842
Total liabilities	4,996,842
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Recurring [Member] \| Cash [Member]
Assets
Cash and Cash Equivalents	264,845	259,522
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Recurring [Member] \| Money Market Funds [Member]
Assets
Cash and Cash Equivalents	2,025,399	12,640
Restricted cash	9,381,562	9,284,362
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Recurring [Member] \| Other restricted cash [Member]
Assets
Restricted cash	3,017,163	3,012,789
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Recurring [Member] \| Public Warrants [Member]
Liabilities
Warrant liabilities	2,760,000
Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring [Member]
Assets
Cash and Cash Equivalents		29,890,313
Investments in marketable securities	30,322,527	54,980,156
Interest rate swap	1,152,383	1,407,135
Total assets	31,474,910	86,277,604
Liabilities
Total liabilities	1,504,000
Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring [Member] \| Commercial Paper [Member]
Assets
Cash and Cash Equivalents		29,890,313
Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring [Member] \| Private Placement Warrants [Member]
Liabilities
Warrant liabilities	1,504,000
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Recurring [Member]
Liabilities
Total liabilities	693,745	3,225,613
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Recurring [Member] \| Series A Preferred Stock [Member]
Liabilities
Excess hold fee payable	0
Embedded derivative	$ 693,745
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Recurring [Member] \| Series C Preferred Stock [Member]
Liabilities
Freestanding derivative		2,186,283
Embedded derivative		$ 1,039,330

Subsequent Events - Additional Information (Detail) $ in Millions	Apr. 07, 2023 USD ($)
Subsequent Event [Member] \| Twin Commander Surveillance [Member]
Subsequent Event [Line Items]
Proceeds from Sale of Machinery and Equipment	$ 0.7

Accrued Expenses and Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2023

Accounts Payable and Accrued Liabilities [Abstract]

Schedule of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consisted of the following:


	As of March 31, 2023			As of December 31, 2022

Accrued salaries, wages, and bonuses	$	7,359,232		$	6,515,774
Finance right-of-use liability		61,615			68,310
Accrued professional fees		612,111			2,291,469
Embedded derivative of Legacy Bridger Series C Preferred Shares		—			1,039,330
Embedded derivative of Series A Preferred Stock		693,745			—
Warrant liabilities		4,264,000			—
Deferred underwriting fee payable		1,500,000			—
Freestanding derivative on Legacy Bridger Series C Preferred Shares		—			2,186,283
Excess hold fee payable on Series A Preferred Stock		2,236,842			—
Accrued interest expense and other accrued liabilities		2,140,690			6,614,065

Total accrued expenses and other liabilities		18,868,235			18,715,231
Less: Current accrued expenses and other current liabilities		(13,063,960	)		(18,669,572	)

Total long-term accrued expenses and other noncurrent liabilities	$	5,804,275		$	45,659

Condensed Consolidated Statements of Operations - USD ($)

3 Months Ended

Mar. 31, 2023

Mar. 31, 2022

Revenues

^[1]

$ 365,373

$ 69,292

Flight operations

3,733,261

3,665,352

Maintenance

3,515,451

2,861,987

Total cost of revenues

7,248,712

6,527,339

Gross loss

(6,883,339)

(6,458,047)

Selling, general and administrative expense

33,228,491

4,841,259

Operating loss

(40,111,830)

(11,299,306)

Interest expense

^[2]

(5,664,545)

(3,714,546)

Other income

1,091,437

140,843

Net loss

(44,684,938)

(14,873,009)

Series A Preferred stock – adjustment for deemed dividend upon Closing

(48,300,000)

Series A Preferred Stock – adjustment to eliminate 50% multiplier

156,362,597

Series A Preferred Stock – adjustment to maximum redemption value

(4,274,439)

Legacy Bridger Series A Preferred Shares – adjustment for redemption, extinguishment and accrued interest

(4,339,767)

Net income (loss) attributable to Common stockholders – basic

59,103,220

(19,212,776)

Net income (loss) attributable to Common stockholders – diluted

$ 59,103,220

$ (19,212,776)

Net income (loss) per Common Stock – basic

$ 1.36

$ (0.5)

Net income (loss) per Common Stock – diluted

$ 0.79

$ (0.5)

Weighted average Common Stock outstanding – basic

43,488,468

38,770,646

Weighted average Common Stock outstanding – diluted

74,986,752

38,770,646

[1]	Includes related party revenues of $321,244 for the three months ended March 31, 2023.
[2]	Includes related party interest of approximately $284,000 for the 2022 taxable industrial revenue bond for the three months ended March 31, 2023.

Cash Equivalents And Investments in Marketable Securities - Schedule of Investment in Marketable Securities (Detail) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]
Purchase Price	$ 30,003,882	$ 54,707,605
Unrealized Gains	318,645	281,342
Unrealized Losses		(8,791)
Fair Value	30,322,527	54,980,156
Commercial Paper [Member]
Debt Securities, Available-for-Sale [Line Items]
Purchase Price	13,421,156	32,635,849
Unrealized Gains	276,857	277,674
Fair Value	13,698,013	32,913,523
Corporate bonds and notes [Member]
Debt Securities, Available-for-Sale [Line Items]
Purchase Price	9,924,092	15,413,122
Unrealized Gains	36,043	3,668
Fair Value	9,960,135	15,416,790
Government securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Purchase Price	6,658,634	6,658,634
Unrealized Gains	5,745
Unrealized Losses		(8,791)
Fair Value	$ 6,664,379	$ 6,649,843

Revision Of Previously Issued Financial Statements - Statements Of Members Equity (Detail) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2022
Statements of Members' Equity:
Net loss	$ (44,684,938)	$ (14,873,009)	$ (19,435,884)	$ (25,058,398)	$ (42,124,668)
Accumulated deficit	(381,032,705)		(381,168,067)	(392,431,689)	(415,304,343)
Accumulated other comprehensive income	$ 1,552,381		1,008,478		1,678,497
Total members' deficit			(380,159,589)	(390,964,157)	(413,621,938)
Series C Preferred Stock [Member]
Statements of Members' Equity:
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value			(191,240,782)	(196,884,119)	(202,688,810)
As Previously Reported [Member]
Statements of Members' Equity:
Net loss			(19,435,884)	(25,117,707)	(42,121,959)
Accumulated deficit			(378,984,493)	(390,307,424)	(413,118,060)
Accumulated other comprehensive income			1,008,478		1,678,497
Total members' deficit			(377,976,015)	(388,839,892)	(411,435,655)
As Previously Reported [Member] \| Series C Preferred Stock [Member]
Statements of Members' Equity:
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value			(189,057,208)	(194,700,545)	(200,505,236)
Impact of Revision [Member]
Statements of Members' Equity:
Net loss				59,309	(2,709)
Accumulated deficit			(2,183,574)	(2,124,265)	(2,186,283)
Total members' deficit			(2,183,574)	(2,124,265)	(2,186,283)
Impact of Revision [Member] \| Series C Preferred Stock [Member]
Statements of Members' Equity:
Legacy Bridger Series C Preferred Shares adjustment for maximum redemption value			$ (2,183,574)	$ (2,183,574)	$ (2,183,574)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Stock-Based Compensation

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

Note 15 – Stock-Based Compensation

Incentive Units

During the years ended December 31, 2022 and 2021, Legacy Bridger granted Incentive Units

to selected board members and executives. Within each grant, 80% of the Incentive Units vest annually over a four year period subject to continued service by the grantee (the “Time-Vesting Incentive Units”), and the remaining 20% of the Incentive Units vest upon a qualifying change of control event (the “Exit-Vesting Incentive Units”). Notwithstanding the above, any unvested Time-Vesting Incentive Units will become vested if a qualifying change of control event occurs prior to the respective award’s four-year service-based vesting period. Upon termination of the board member or executive, the Company has the right, but not the obligation, to repurchase all or any portion of the vested Incentive Units at fair market value.

For the Time-Vesting Incentive Units, compensation cost is recognized over the requisite service period on a straight-line basis. Upon a qualifying change of control event, the unrecognized compensation expense related to the Time-Vesting Incentive Units will be recognized when the change of control event is considered probable. For the Exit-Vesting Incentive Units, expense is recognized when a qualifying change of control event is considered probable, which has not occurred as of March 31, 2023. Forfeitures are accounted for as they occur.

Compensation cost for the Incentive Units is measured at their grant-date fair value.

The fair value of the Incentive Units is derived through an option pricing model

, which incorporates various assumptions. Use of a valuation model requires management to make certain assumptions with respect to selected model inputs. Expected volatility was calculated based on the observed equity volatility for comparable companies. The expected time to liquidity event is based on management’s estimate of time to an expected liquidity event. The dividend yield was based on the Company’s expected dividend rate. The risk-free interest rate is based on U.S. Treasury

zero-coupon

issues. The weighted-average assumptions the Company used in the option pricing model for 2021 are as follows:


Dividend yield (%)			0
Expected volatility (%)			46.5
Risk-free interest rate (%)			1.26
Term (in years)			5.00
Discount for lack of marketability (%)			30

Incentive Unit activity under the Plan for the period from January 1, 2022 to March 31, 2023 was as follows:


	Time-Vesting Incentive Units				Exit-Vesting Incentive Units
	Number of Awards		Weighted average grant date fair value		Number of Awards		Weighted average grant date fair value
Unvested as of January 1, 2022		242,424	$	0.15		80,808	$	0.11
Granted		—		—		—		—
Vested		80,808		0.11		—		—
Forfeited		—		—		—		—

Unvested as of December 31, 2022		161,616	$	0.17		80,808	$	0.11
Granted		—		—		—		—
Vested		—		—		—		—
Forfeited		—		—		—		—

Unvested as of March 31, 2023		161,616	$	0.17		80,808	$	0.11

For the three months ended March 31, 2023 and 2022, the Company recognized stock-based compensation expense related to incentive units of $2 thousand and $3 thousand within Selling, general and administrative expense on the Condensed Consolidated Statements of Operations, respectively. As of March 31, 2023, there was $25 thousand and $9 thousand of unrecognized compensation expense related to the unvested Time-Vesting Incentive Units and Exit-Vesting Incentive Units, respectively. As of December 31, 2022, there was $27 thousand and $9 thousand of unrecognized compensation expense related to the unvested Time-Vesting Incentive Units and Exit-Vesting Incentive Units, respectively.

Restricted Stock Units

In January 2023, in connection with the Closing, the Company and its Board established and approved and assumed the Plan, which allowed the Company to grant RSUs to certain executives and senior management (the “Participants”) of the Company. RSUs are settled in shares of Common Stock as the RSUs become vested. The RSUs accrue dividend equivalents associated with the underlying shares of Common Stock as the Company declares dividends. Dividends will be paid to holders of RSUs in cash upon the vesting date of the associated RSU and will be forfeited if the RSU does not vest.

On January 24, 2023, the Company granted

6,581,496 RSUs, of which 2,400,354

RSUs vested immediately upon Closing and will settle on or after January 24, 2024. The fair value of the RSUs

that

vested

immediately upon Closing is the closing stock price on the date of grant, subject to a discount for lack of marketability due to the post-vesting restrictions. The remaining

4,181,142 RSUs vest over a period ranging from three to

six years

subject to the participant’s continued employment. The fair value of the RSUs that vest over time is the closing stock price on the date of grant. Upon vesting of the award, the Company will issue shares of Common Stock to the award holder.

The following is a summary of RSU activity for the period ended March 31, 2023:


	Restricted Stock Units
	Number of Awards			Weighted average grant date fair value
Unvested as of December 31, 2022		—		$	—
Granted		6,581,496			9.76
Forfeited		—			—
Vested		(2,400,354	)		9.00

Unvested as of March 31, 2023		4,181,142		$	10.19

The total fair value of RSUs vested during the three months ended March 31, 2023 was $21,603 thousand.

For the three months ended March 31, 2023, the Company recorded stock-based compensation expense related to RSUs of $25,597 thousand within Selling, general and administrative expense on the Unaudited Condensed Consolidated Statements of Operations. As of March 31, 2023, total compensation cost related to all RSUs not yet recognized was $38,612 thousand, which is expected to be recognized over a weighted-average period of 1.51 years.

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)		3 Months Ended		12 Months Ended
	Nov. 07, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Accounting Policies [Line Items]
Adjustment to additional paid in capital stock issuance costs		$ 9,778,000
Deferred offering costs current				$ 5,800,144
Cost of obtaining contracts during the period		$ 0
Northern Fire Management Services, LLC [Member] \| Canadian Citizen [Member]
Accounting Policies [Line Items]
Variable interest entity ownership percentage		50.00%
Chief Executive Officer [Member] \| Mountain Air, LLC [Member]
Accounting Policies [Line Items]
Percentage of ownership interest in limited liability company	50.00%
Affiliated Entity [Member] \| Mountain Air, LLC [Member]
Accounting Policies [Line Items]
Percentage of ownership interest in limited liability company	50.00%
Variable Interest Entity, Primary Beneficiary [Member] \| Northern Fire Management Services, LLC [Member] \| Bridger Aerospace Group, LLC [Member]
Accounting Policies [Line Items]
Variable interest entity ownership percentage		50.00%
Variable Interest Entity, Primary Beneficiary [Member] \| Bridger Aviation, LLC [Member] \| Mountain Air, LLC [Member]
Accounting Policies [Line Items]
Variable interest entity percentage of revenue received as fees	99.00%
Revenue [Member] \| One Customer [Member] \| Customer Concentration Risk [Member]
Accounting Policies [Line Items]
Concentration risk percentage		65.00%	100.00%
Accounts Receivable [Member] \| One Customer [Member] \| Customer Concentration Risk [Member]
Accounting Policies [Line Items]
Concentration risk percentage		83.00%		62.00%
Selling, General and Administrative Expenses [Member]
Accounting Policies [Line Items]
Advertising expenses		$ 24,000	$ 51,000

Income Taxes - Additional Information (Detail)	3 Months Ended
Income Taxes - Additional Information (Detail)	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Effective tax rate	0.00%

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 2 - Summary of Significant Accounting Policies

Principles of Consolidation

The Company consolidates those entities in which it, through the existing owners, has control over significant operating, financial or investing decisions of the entity. All significant intercompany balances and transactions have been eliminated in consolidation.

Variable Interest Entities

The Company follows ASC

810-10-15

guidance with respect to accounting for variable interest entities (“VIE”). These entities do not have sufficient equity at risk to finance their activities without additional subordinated financial support from other parties or whose equity investors lack any of the characteristics of a controlling financial interest. A variable interest is an investment or other interest that will absorb portions of a VIE’s expected losses or receive portions of its expected returns and are contractual, ownership or pecuniary in nature and that change with changes in the fair value of the entity’s net assets. A reporting entity is the primary beneficiary of a VIE and must consolidate it when that party has a variable interest, or combination of variable interests, that provide it with a controlling financial interest. A party is deemed to have a controlling financial interest if it meets both of the power and loss/benefits criteria. The power criterion is the ability to direct the activities of the VIE that most significantly impact its economic performance. The losses/benefits criterion is the obligation to absorb losses from, or right to receive benefits from, the VIE that could potentially be significant to the VIE. The VIE model requires an ongoing reconsideration of whether a reporting entity is the primary beneficiary of a VIE due to changes in the facts and circumstances.

Northern Fire Management Services, LLC (“NFMS, LLC”) is considered to be a VIE, as it lacks sufficient equity and is consolidated in the Company’s financial statements. For the three months ended March 31, 2022, Mountain Air, LLC (“MA, LLC”) is considered to be a VIE, as it lacks sufficient equity and is consolidated in the Company’s financial statements. For the three months ended March 31, 2023 and 2022 and the year ended December 31, 2022, NFMS, LLC held immaterial assets and liabilities in its financial statements. For the three months ended March 31, 2022, MA, LLC held immaterial assets and liabilities in its financial statements. For the three months ended March 31, 2023 and 2022 and the year ended December 31, 2022, the following entities were considered to be VIEs but were not consolidated in the unaudited condensed consolidated financial statements due to the lack of the power criterion or the losses/benefits criterion: AE

Côte-Nord

Canada

(“Côte-Nord”)

and Ensyn BioEnergy Canada, Inc (“EBC”).

Northern Fire Management Services, LLC:

The Company assisted in designing and organizing NFMS, LLC with a business purpose of employing Canadian aviation professionals for the Company. A master services agreement exists between NFMS, LLC, the Company, and Bridger Air Tanker, LLC, a wholly owned subsidiary of the Company, to transfer all annual expenses incurred to the Company in exchange for the Canadian employees to support the Company’s water scooper aircraft. NFMS, LLC is

% owned by a Canadian citizen, and

owned by Bridger Aerospace Group, LLC (“BAG, LLC”). The Company is responsible for the decisions related to all of NFMS, LLC’s expenditures, which solely relates to payroll. Based on these facts, it was determined that the Company is the primary beneficiary of NFMS, LLC. Therefore, NFMS, LLC has been consolidated by the Company. All intercompany expenses associated with NFMS, LLC and its service agreement have been eliminated in consolidation.

Mountain Air, LLC:

As of November 7, 2022, MA, LLC

was

a wholly-owned subsidiary of Bridger. Prior to MA, LLC becoming a wholly-owned subsidiary of the Company, MA, LLC was owned 50

by Timothy Sheehy, the Chief Executive Officer and a director of Bridger, and

by an entity affiliated with Matthew Sheehy, a director of Bridger. MA, LLC is a Federal Aviation Administration (“FAA”) part 135 certificate holder and is
designed to hold aerial firefighting contracts. Bridger Aviation Services, LLC (“Bridger Aviation”), a wholly-owned subsidiary of Bridger, was a party
to a certain Management Services Agreement

(the “Aviation Agreement”), dated April 13, 2018, with MA, LLC. Pursuant to the Aviation Agreement, Bridger Aviation leased certain aircraft to MA, LLC. MA, LLC operated the aircraft and paid Bridger Aviation a fee equal to

99% of all revenue it received from the use and deployment of Bridger Aviation’s aircraft. MA, LLC was obligated to operate and maintain the aircraft in accordance with applicable FAA standards.

Timothy Sheehy originally conducted aerial operations through MA, LLC before Bridger’s current legal organizational structure was put into place, which created the need for the Aviation Agreement and resulting VIE treatment.

Seasonality

The Company’s business is generally seasonal, with a significant portion of total revenue occurring during the second and third quarters of the fiscal year due to the North American fire season. However, the weather dependency and seasonal fluctuation in the need to fight wildfires based upon location and the varying intensity of the fire season may lead our operating results to fluctuate significantly from quarter to quarter and year to year.

Use of Estimates

The preparation of financial statements in conformity with US GAAP, requires management to make assumptions and estimates that affect the reported amounts of assets and liabilities, disclosure of gain or loss contingencies as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from their estimates and such differences could be material to the unaudited condensed consolidated financial statements. Significant items subject to such estimates and assumptions include: (a) excess and aging aircraft support parts reserves, (b) allowance for doubtful accounts, (c) useful lives of property, plant and equipment, net (d) impairment of long-lived assets, goodwill and other intangible assets, (e) disclosure of fair value of financial instruments, (f) variable interest entities, (g) accounting for Series A Preferred Stock and Legacy Bridger Series C Preferred Shares, (h) revenue recognition, (i) estimates and assumptions made in determining the carrying values of goodwill and other intangible assets, (j) incentive units and (k) Public Warrants and Private Placement Warrants.

Reclassifications

Certain amounts from prior periods have been reclassified to conform to the current period presentation. The Company previously separately presented General and administrative and Business development operating expenses, which are now presented combined within “Selling, general and administrative expense” on the Unaudited Condensed Consolidated Statement of Operations. The reclassification had no impact on previously reported net loss or accumulated deficit.

Deferred Offering Costs

Deferred offering costs primarily consist of capitalized legal, accounting and other third-party costs incurred that are directly related to the

Reverse Recapitalization

, which

has been

accounted for as a reverse recapitalization. These costs were charged to Stockholders’ deficit as a reduction of Additional paid-in capital generated upon the completion of the

Reverse Recapitalization

. As of March 31, 2023,

the Company charged $

9,778 thousand to Stockholders’ deficit. As of December 31, 2022

the Company recorded $5,800 thousand of deferred offering costs in the Unaudited Condensed Consolidated Balance Sheets.

Revenue Recognition

The Company charges daily and hourly rates depending upon the type of firefighting services rendered and under which contract the services are performed. These services are primarily split into flight revenue and standby revenue. Flight revenue is primarily earned at an hourly rate when the engines of the aircraft are started and stopped upon request of the customer, tracked via a Hobbs meter. Standby revenue is earned primarily as a daily rate when aircraft are available for use at a fire base, awaiting request from the customer for flight deployment.

The Company enters into short, medium and long-term contracts with customers, primarily with government agencies to deploy aerial fire management assets during the firefighting season. Revenue is recognized when performance obligations under the terms of a contract with our customers are satisfied and payment is typically due within 30 days of invoicing. This occurs as the services are rendered and include the use of the aircraft, pilot and field maintenance personnel to support the contract.

Contracts are based on either a Call-When-Needed (“CWN”) or Exclusive Use (“EU”) basis. Rates established are generally more competitive based on the security of the revenue from the contract (i.e., an EU versus only on an

as-needed

basis in CWN). These rates are delineated by the type of service, generally flight time or time available for deployment. Once an aircraft is deployed on a contract the fees are earned at these rates and cannot be obligated to another customer. Contracts have no financing components and consideration is at

pre-determined

rates. No variable considerations are constrained within the contracts.

The transaction prices are allocated on the service performed and tracked real-time by each operator in a duty log. On at least a monthly basis, the services performed and rates are validated by each customer. Acceptance by the customer is evidenced by the provision of their funded task order or accepted invoice.

The Company has not incurred incremental costs for obtaining contracts with customers. In addition, the Company evaluates whether or not it should capitalize the costs of fulfilling a contract. Such costs would be capitalized when they are not within the scope of other standards and: (1) are directly related to a contract; (2) generate or enhance resources that will be used to satisfy performance obligations; and (3) are expected to be recovered. The Company has elected to use the practical expedient detailed in ASC

340-40-25-4

to expense any costs to fulfill a contract as they are incurred when the amortization period would be one year or less.

Contract assets are classified as a receivable when the reporting entity’s right to consideration is unconditional, which is when payment is due only upon the passage of time. As the Company invoices customers for performance obligations that have been satisfied, at which point payment is unconditional, contracts do not typically give rise to contract assets. Contract liabilities are recorded when cash payments are received or due in advance of performance.

Payment terms vary by customer and type of revenue contract. The Company generally expects that the period of time between payment and transfer of promised goods or services will be less than one year. In such instances, the Company has elected the practical expedient to not evaluate whether a significant financing component exists. As permitted under the practical expedient available under ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”), the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, and (ii) contracts for which the Company recognizes revenue at the amount which it has the right to invoice for services performed.

Other revenue consists of leasing revenues for facilities as well as external repair work performed on customer aircraft.

Revenue Disaggregation

The following shows the disaggregation of revenue by service for the three months ended March 31, 2023 and March 31 2022.


	For the three months ended March 31,
	2023		2022
Fire suppression	$	—	$	—
Aerial surveillance		—		—
Other services		365,373		69,292

Total revenues	$	365,373	$	69,292

The following shows the disaggregation of revenue by type for the three months ended March 31, 2023 and March 31, 2022.


	For the three months ended, March 31
	2023		2022
Flight revenue	$	—	$	—
Standby revenue		—		—
Other revenue		365,373		69,292

Total revenues	$	365,373	$	69,292

Concentration Risk

For the three months ended March 31, 2023, the Company had one customer who individually accounted for 65% of total revenues. As of March 31, 2023, one customer accounted for 83% of accounts

receivable. Refer to “

Note 16 – Related Party Transactions

” for

additional information.

For the three months ended March 31, 2022, the Company had one customer who individually accounted for 100% of total revenues. As of December 31, 2022, one customer accounted for 62% of accounts receivable.

Hedging Transactions and Derivative Financial Instruments

The Company is directly and indirectly affected by changes in certain market conditions. These changes in market conditions may adversely impact the Company’s financial performance and are referred to as “market risks.” The Company, when deemed appropriate, uses derivatives as a risk management tool to mitigate the potential impact of certain market risks. The Company manages interest rate risk through the use of derivative instruments

, such as swap agreements.

A swap agreement is a contract between two parties to exchange cash flows based on specified underlying notional amounts, assets and/or indices. The Company does not enter into derivative financial instruments for trading purposes.

The accounting for gains and losses that result from changes in the fair values of derivative instruments depends on whether the derivatives have been designated and qualify as hedging instruments and the type of hedging relationships. The changes in fair values of derivatives that have been designated and qualify as cash flow hedges are recorded in accumulated other comprehensive income and are reclassified into the line item on the Unaudited Condensed Consolidated Statements of Comprehensive Loss in which the hedged items are recorded in the same period the hedged items affect earnings. The changes in fair values of freestanding derivatives with no hedging designation are recorded in earnings through interest expense on the Unaudited Condensed Consolidated Statement of Operations.

The Company formally assesses whether the financial instruments used in hedging transactions are effective at offsetting changes in either the fair values or cash flows of the related underlying exposures. Any ineffective portion of a financial instrument’s change in fair value is immediately recognized into earnings. The fair value is based on prevailing market data and using standard valuation models based on reasonable estimates about future relevant market conditions. Refer to

“Note 12 – Long-Term Debt.”

The notional amounts of the derivative financial instruments do not necessarily represent amounts exchanged by the parties and, therefore, are not a direct measure of the Company’s exposure to the financial risks described above.

Warrant Liabilities

The Company accounts for the Public Warrants and Private Placement Warrants (collectively, the “Warrants”) issued in connection with the Reverse Recapitalization in accordance with the guidance contained in accordance with ASC 480,

Distinguishing Liabilities from Equity

and ASC

815-40,

Derivatives and Hedging—Contracts in Entity’s Own Equity

, under which the Warrants do not meet the criteria for equity treatment and must be recorded as liabilities. Accordingly, the Company classifies the Warrants as liabilities at their fair value and adjusts the Warrants to fair value at each reporting period. The warrant liabilities are subject to remeasurement at each balance sheet date until exercised, and any change in fair value is recorded in earnings through Selling, general and administrative expense on the Unaudited Condensed Consolidated Statement of Operations.

Income Taxes

For periods prior to the Reverse Recapitalization, Legacy Bridger was a partnership for federal income tax purposes. Consequently, federal income taxes were not payable or provided for by Legacy Bridger. Members were taxed individually on their pro rata ownership share of Legacy Bridger’s earnings. Legacy Bridger’s net income or loss was allocated among the members in accordance with Legacy Bridger’s operating agreement.

Subsequent to the Reverse Recapitalization, the Company became the successor of Legacy Bridger as discussed in

“Note 1 – Organization and Basis of Presentation.”

Bridger is subject to U.S. federal income taxes, in addition to state and local income taxes, with respect to net taxable income or loss and any related tax credits of the Company. Bridger is also subject to taxes in foreign jurisdictions in which it operates.

The Company provides for income taxes and the related accounts under the asset and liability method. Income tax expense, deferred tax assets and liabilities and reserves for unrecognized tax benefits reflect management’s best assessment of estimated current and future taxes to be paid. The Company is subject to income taxes predominantly in the U.S., where tax laws are often complex and may be subject to different interpretations.

Deferred income taxes arise from temporary differences between the financial statement carrying amount and the tax basis of assets and liabilities and are measured using the enacted tax rates expected to be in effect during the year in which the basis difference reverses. In evaluating the ability to recover its deferred tax assets within the jurisdiction from which they arise, the Company considers all available positive and negative evidence. If based upon all available positive and negative evidence, it is more likely than not that the deferred tax assets will not be realized, a valuation allowance is established. The valuation allowance may be reversed in a subsequent reporting period if Bridger determines that it is more likely than not that all or part of the deferred tax asset will become realizable. At this time, a valuation allowance has been recorded against the deferred tax assets.

The Company’s interpretations of tax laws are subject to review and examination by various taxing authorities and jurisdictions where the Company operates, and disputes may occur regarding its view on a tax position. These disputes over interpretations with the various tax authorities may be settled by audit, administrative appeals or adjudication in the court systems of the tax jurisdictions in which the Company operates. The Company regularly reviews whether it may be assessed additional income taxes as a result of the resolution of these matters, and the Company records additional reserves as appropriate. In addition, the Company may revise its estimate of income taxes due to changes in income tax laws, legal interpretations and business strategies. The Company recognizes the financial statement effects of uncertain income tax positions when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. For additional information in income taxes, see

“Note 19 – Income Taxes.”

Net Income (Loss) Per Share

Basic net income (loss) per share is based on the weighted average number of shares of Common Stock outstanding during the period. Diluted net income (loss) per share is based on the weighted average number of shares of Common Stock used for the basic net income (loss) per share calculation, adjusted for the dilutive effect of restricted stock units (“RSUs”), Warrants, and Incentive Units, if any, using the “treasury stock” method, the Series A Preferred Stock that is convertible into shares of Common Stock, and the Sponsor Earnout Shares that will fully vest upon certain stock price metrics being achieved. In addition, net income (loss) for diluted net income (loss) per share is adjusted for the

after-tax

impact of changes to the fair value of the Warrants, to the extent they are dilutive.

As noted above, the Company accounted for the Closing as a reverse recapitalization. Net income (loss) per share calculations for all periods prior to the Closing have been retrospectively adjusted by the Exchange Ratio for the equivalent number of shares of Common Stock outstanding immediately after the Closing to effect the reverse recapitalization. Subsequent to the Closing, net income (loss) per share is calculated based on the weighted average number of shares of Common Stock outstanding.

Collaboration Agreements

The Company analyzes its collaboration arrangement to assess if it is within the scope of ASC Topic 808, Collaborative Agreements (“ASC 808”) by determining whether such an arrangement involves joint operating activities performed by parties that are both active participants in the activities and exposed to significant risks and rewards dependent on the commercial success of such activities. This assessment is performed throughout the life of the arrangement based on changes in the responsibilities of all parties in the arrangement. If the Company concluded that it has a customer relationship with its collaborator, the collaboration arrangement would be accounted for under ASC 606.

Stock-Based Compensation

The Company accounts for its stock-based compensation in accordance with provisions of ASC 718, Compensation-Stock Compensation (“ASC 718”) at the grant date fair value.

Legacy Bridger granted select board members and an executive incentive unit awards (“Incentive Units”) which contain service and performance vesting conditions. Compensation cost for Incentive Units is measured at their grant-date fair value and is equal to the value of the Legacy Bridger’s Class D Common shares, which is estimated using an option pricing model. Compensation cost for service-based units is recognized over the requisite service period on a straight-line basis. For performance related units, expense is recognized when the performance related condition is considered probable.

In connection with the Closing, the Company along with the Board established and approved and assumed the Bridger Aerospace Group Holdings, Inc. 2023 Omnibus Incentive Plan (the “Plan”) which allowed the Company to grant RSUs to certain executives and senior management (the “Participants”) of the Company. Upon satisfying the vesting conditions, each RSU provides the Participants the right to receive one share of Common Stock. The fair value of RSUs is determined based on the number of shares granted and the quoted market price of the Common Stock on the date of grant. Compensation cost for the RSUs is recognized as the performance condition of the Closing of the transaction was met and over the requisite service period based on the graded-vesting method. The Company accounts for forfeitures as they occur. Stock-based compensation is included in Selling, general and administrative expense on the Unaudited Condensed Consolidated Statements of Operations.

Advertising Expense

Advertising costs are expensed as incurred and are included in Selling, general and administrative expense on the Unaudited Condensed Consolidated Statement of Operations. Advertising expense for the three months ended March 31, 2023 and 2022 was $24 thousand and $51 thousand, respectively.

Recent Accounting Pronouncements

Recently Adopted Accounting Pronouncements

In June 2016, the FASB issued ASU

No. 2016-13,

Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The amendments in this ASU replace the incurred loss model for recognition of credit losses with a methodology that reflects expected credit losses over the life of the loan and requires consideration of a broader range of reasonable and supportable information to calculate credit loss estimates. The Company adopted this standard on January 1, 2023. The adoption of this standard did not have a significant impact on the Company’s unaudited condensed consolidated financial statements.

In January 2017, the FASB issued ASU

No. 2017-04,

Intangibles-Goodwill and Other (Topic 350): Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment. This update modifies the concept of impairment from the condition that exists when the carrying amount of goodwill exceeds its implied fair value to the condition that exists when the carrying amount of a reporting unit exceeds its fair value. In order to reduce complexity, an entity no longer will determine goodwill impairment by calculating the implied fair value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination. The Company adopted this standard on January 1, 2023. The adoption of this standard did not have a significant impact on the Company’s unaudited condensed consolidated financial statements.

Recently Issued Accounting Pronouncements

In March 2020, the FASB issued ASU

No. 2020-04,

Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, and in January 2021, issued ASU

No. 2021-01,

Reference Rate Reform: Scope. These updates provide optional expedients and exceptions for applying US GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The optional guidance is provided to ease the potential burden of accounting for reference rate reform. The guidance is effective and could be adopted no later than December 31, 2022. In December 2022, the FASB issued ASU

No. 2022-06,

Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, to extend the temporary accounting rules under Topic 848 from December 31, 2022 to December 31, 2024. The Company is currently evaluating the impact of adopting the new accounting guidance on the Company’s unaudited condensed consolidated financial statements.

Other Noncurrent Assets - Summary of Other Noncurrent Assets (Detail) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Other Assets, Noncurrent Disclosure [Abstract]
Investment in Overwatch	$ 1,000,000	$ 1,000,000
Operating lease right-of-use asset	636,355	671,054
Interest rate swap	1,152,383	1,407,135
Prepaid subscriptions	3,919,352	1,246,128
Other assets	31,908	31,908
Total other noncurrent assets	$ 6,739,998	$ 4,356,225

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
	Jan. 24, 2023	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Incentive Units [Member] \| Selling, General and Administrative Expenses [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Expense		$ 2	$ 3
Incentive Units [Member] \| Time-Vesting Incentive Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Incentive Units vest Percentage				80.00%	80.00%
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		$ 25		$ 27
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period		0		0
Award Vesting Period				4 years	4 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, vested in Period		0		80,808
Incentive Units [Member] \| Exit Vesting Incentive Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Incentive Units vest Percentage				20.00%	20.00%
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		$ 9		$ 9
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period		0		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, vested in Period		0		0
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		$ 38,612
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period	6,581,496	6,581,496
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value		$ 21,603
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms		1 year 6 months 3 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, vested in Period		2,400,354
Restricted Stock Units (RSUs) [Member] \| Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award Vesting Period	3 years
Restricted Stock Units (RSUs) [Member] \| Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award Vesting Period	6 years
Restricted Stock Units (RSUs) [Member] \| Selling, General and Administrative Expenses [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Expense		$ 25,597
Restricted Stock Units (RSUs) [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, vested in Period	2,400,354
Restricted Stock Units (RSUs) [Member] \| Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, vested in Period	4,181,142

Fair Value Measurements

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 11—Fair Value Measurements

Long-term debt, net of debt issuance costs

As of March 31, 2023, the Company had $156,524 thousand of fixed rate and $51,164 thousand of variable rate debt outstanding, respectively. The majority of the fixed rate debt was entered into recently, and therefore, based on current market rates. The Company estimated the fair value of the fixed rate debt using quoted market prices (Level 2 inputs) within the fair value hierarchy. The variable rate debt approximates fair value based on the closing or estimated market prices of similar securities comparable to the Company’s debts as of March 31, 2023 and December 31, 2022. Debt financing activities and loan agreements are further

described in

“Note 12 – Long-Term Debt.”

Recurring Fair Value Measurement

Our cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and other current assets and liabilities (excluding derivative instruments) are carried at amounts which reasonably approximate their fair values due to their short-term nature.

The following tables summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis, by level, within the fair value hierarchy:


	As of March 31, 2023
	Level 1		Level 2		Level 3

Assets
Cash	$	264,845	$	—	$	—
Cash equivalents:
Money market fund		2,025,399		—		—

Total Cash and cash equivalents		2,290,224		—		—
Restricted cash:
Money market fund		9,381,562		—		—
Other restricted cash		3,017,163		—		—

Total Restricted cash		12,398,725		—		—
Investments in marketable securities		—		30,322,527		—
Interest rate swap		—		1,152,383		—

Total assets	$	14,688,969	$	31,474,910	$	—

Liabilities
Warrant liabilities – Public Warrants	$	2,760,000	$	—	$	—
Warrant liabilities – Private Placement Warrants		—		1,504,000		—
Excess hold fee payable on Series A Preferred Stock		2,236,842		—		—
Embedded derivative of Series A Preferred Stock		—		—		693,745

Total liabilities	$	4,996,842	$	1,504,000	$	693,745


	As of December 31, 2022
	Level 1		Level 2		Level 3
Assets
Cash	$	259,522	$	—	$	—
Cash equivalents:
Commercial paper		—		29,890,313		—
Money market fund		12,640		—		—

Total Cash and cash equivalents		272,162		29,890,313		—
Restricted cash:
Money market fund		9,284,362		—		—
Other restricted cash		3,012,789		—		—

Total Restricted cash		12,297,151		—		—
Investments in marketable securities		—		54,980,156		—
Interest rate swap		—		1,407,135		—

Total assets	$	12,569,313	$	86,277,604	$	—

Liabilities
Freestanding derivative on Legacy Bridger Series C Preferred Shares	$	—	$	—	$	2,186,283
Embedded derivative of Legacy Bridger Series C Preferred Shares		—		—		1,039,330

Total liabilities	$	—	$	—	$	3,225,613

Interest Rate Swap and Freestanding Derivative

The Company’s derivative financial instruments are measured at fair value on a recurring basis based on quoted market prices or using standard valuation models as described in

“Note 10—Interest Rate Swap and Freestanding Derivative.”

The notional amounts of the derivative financial instruments do not necessarily represent amounts exchanged by the parties and, therefore, are not a direct measure of our exposure to the financial risks described in

“Note 2—Summary of Significant Accounting Policies.”

The fair value of the Company’s interest rate swap agreement was determined based on the present value of expected future cash flows using discount rates appropriate with the terms of the swap agreement. The fair value indicates an estimated amount the Company would be required to receive if the contracts were canceled or transferred to other parties. The Company used a Level 2 valuation methodology to measure this interest rate swap.

The fair value of the freestanding derivative was determined based on the present value of the excess hold fee expected to be owed on March 15, 2023, after taking into account the probability of such excess hold fee being outstanding on the same date. The excess hold fee was considered a freestanding derivative instrument until March 15, 2023 and became a fee payable thereafter, noted above as an excess hold fee payable on Series A Preferred Stock. The Company used a Level 3 valuation methodology to measure this freestanding derivative. As of March 31, 2023 the excess hold fee became a known, fixed payable and therefore is a Level 1 fair value measurement.

Mandatorily Redeemable Legacy Bridger Series B Preferred Shares

The Company’s mandatorily redeemable Legacy Bridger Series B Preferred Shares are measured at fair value based on capital contributions, plus accrued but unpaid interest. The Legacy Bridger Series B Preferred Shares were redeemed during the year ended December 31, 2022 as furthered discussed in

“Note 18 – Mandatorily Redeemable Preferred Stock.”

Embedded derivative of Legacy Bridger Series C Preferred Shares and Series A Preferred Stock

The Company identified a redemption feature of the Legacy Bridger Series C Preferred Shares that required bifurcation from the host instrument as an embedded derivative liability, as discussed in

“Note 17 – Mezzanine Equity.”

The embedded derivative was initially valued and remeasured using a “with-and-without” method. The “with-and-without” methodology involved valuing the entire instrument both with and without the embedded derivative using a discounted cash flow approach. Under this methodology, the difference in the estimated fair value between the instrument with the embedded derivative and the instrument without the embedded derivative represents the estimated fair value of the embedded derivative. This valuation methodology is based on unobservable estimates and judgements, and therefore is classified as a Level 3 fair value measurement. The significant unobservable input used in the estimated fair value measurement of the embedded derivative is the timing for which the Company may be in default of certain financing facilities that would require an increase of

interest per annum to be accrued by the holders of the Legacy Bridger Series C Preferred Shares. Legacy Bridger Series C Preferred Shares were

re-issued

as Series A Preferred Stock as part of the Closing, as further discussed in

“Note 17 – Mezzanine Equity.”

Commercial paper and Investments in marketable securities

The fair values of the commercial paper and

available-for-sale

marketable securities are based on observable market prices, and therefore classified as a Level 2 fair value measurement. Refer to

“Note 3 – Cash Equivalents and Investments in Marketable Securities”

for additional details.

Warrant Liabilities

The Company issued Warrants in connection with the Reverse Recapitalization. The Company classifies the Warrants as liabilities at their fair value and adjust the Warrants to fair value at each reporting period. The warrant liabilities are subject to remeasurement at each balance sheet date until exercised, and any change in fair value are recorded in earnings through Selling, general and administrative expense on the Consolidated Statement of Operations.

The Public Warrants are publicly traded under the symbol “BAERW,” and the fair value of the Public Warrants at a specific date is determined by the closing price of the Public Warrants as of that date. Therefore, the Public Warrants are classified as Level 1 of the fair value hierarchy.

The Public Warrants are redeemable at any time during the term of the warrant in which the Common Stock share trading price has been at least $

18.00 per share for 20 trading days within the 30

trading-day

period. JCIC Sponsor can redeem both the Private Placement Warrants and the Public Warrants when the stock price is between $10.00 to

$18.00. As such, it is economically beneficial for the Company to redeem the Private Placement Warrants any time before the stock price crosses the $18.00 threshold. Therefore, the Warrants have similar economic value, hence Private Placement Warrants are deemed to have the same value as the Public Warrants and are classified Level 2 of the fair value hierarchy. Refer to

“Note 9 – Accrued Expenses and Other Liabilities”

for additional details.

Non-Recurring

Fair Value Measurements

The Company measures certain assets at fair value on a

non-recurring

basis, including long-lived assets and goodwill and cost and equity method investments, which are evaluated for impairment. Long-lived assets include property, plant and equipment, net, and certain intangible assets. The inputs used to determine the fair value of long-lived assets are considered Level 3 measurements due to their subjective nature.

As of March 31, 2023 and December 31, 2022, the Company did not have any significant assets or liabilities that were remeasured at fair value on a

non-recurring

basis in periods subsequent to initial recognition

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Goodwill and Intangible Assets, Net - Schedule of Intangible Assets (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying amount	$ 364,298	$ 364,298
Accumulated Amortization	(182,515)	(156,102)
Net Carrying Amount	$ 181,783	$ 208,196
Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	10 years	10 years
Gross Carrying amount	$ 67,623	$ 67,623
Accumulated Amortization	(48,867)	(47,177)
Net Carrying Amount	$ 18,756	$ 20,446
Internal-use software [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Life (Years)	3 years	3 years
Gross Carrying amount	$ 296,675	$ 296,675
Accumulated Amortization	(133,648)	(108,925)
Net Carrying Amount	$ 163,027	$ 187,750

Stock-Based Compensation - Summary Of Weighted-Average Assumptions (Detail) - Valuation Technique, Option Pricing Model [Member]	3 Months Ended
	Mar. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Dividend yield (%)	0.00%
Expected volatility (%)	46.50%
Risk-free interest rate (%)	1.26%
Term (in years)	5 years
Discount for lack of marketability (%)	30.00%

Aircraft Support Parts

3 Months Ended

Mar. 31, 2023

Aircraft Support Parts

Note 4 – Aircraft Support Parts

Aircraft support parts consist of the following:


	As of March 31, 2023		As of December 31, 2022
Repairables and expendables	$	434,894	$	1,734,292
Other support parts		—		26,978

Total aircraft support parts	$	434,894	$	1,761,270

Long-Term Debt - Additional Information (Detail)										3 Months Ended		5 Months Ended	8 Months Ended
Long-Term Debt - Additional Information (Detail)	Aug. 10, 2022 USD ($)	Jul. 21, 2022 USD ($)	Apr. 21, 2022 USD ($)	Sep. 09, 2021 USD ($)	Feb. 24, 2021 USD ($)	Oct. 01, 2020 USD ($)	Aug. 21, 2020 USD ($)	Feb. 03, 2020 USD ($)	Sep. 30, 2019 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2022	Dec. 31, 2022	Nov. 18, 2021 USD ($)	Jan. 21, 2021 USD ($)
Debt Instrument [Line Items]
Amortization of Debt Issuance Costs										$ 239,319	$ 44,866
New Short Term Loan To Finance Aviation Insurance Premium [Member]
Debt Instrument [Line Items]
Debt instrument face value														$ 610,000
Debt issuance costs gross														$ 0
Short term debt bearing fixed interest rate percentage														3.89%
Permanent loan agreement, dated August 21, 2020, greater of Prime + 1.5% or 4.75% interest rate, maturing August 21, 2035 [Member] \| Prime Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest spread										1.50%
Long term debt bearing variable interest rate percentage										4.75%
Long term debt date of maturity										Aug. 21, 2035
Permanent loan agreement, dated October 1, 2020, greater of Prime + 1.5% or 4.75% interest rate, maturing October 1, 2035 [Member] \| Prime Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest spread										1.50%
Long term debt bearing variable interest rate percentage										4.75%
Long term debt date of maturity										Oct. 01, 2035
Term loan agreement dated February 3, 2020, LIBOR + 2.5%, maturing February 3, 2027 [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument variable interest spread										2.50%
Long term debt date of maturity										Feb. 03, 2027
Term loan agreement dated September 30, 2019, LIBOR + 2.5%, maturing March 15, 2030 [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument face value									$ 12,882,000
Long term debt term									10 years
Long term debt initial period of interest only payments									6 months
Long term debt period over which principal and interest shall be repaid									10 years
Debt instrument variable interest spread									2.50%	2.50%
Debt issuance costs gross									$ 116,000
Long term debt draw period									6 months
Long term debt period of amortization of principal									20 years
Debt service coverage ratio minimum									1.25
Long term debt date of maturity										Mar. 15, 2030
Term loan agreement dated September 30, 2019, LIBOR + 2.5%, maturing March 15, 2030 [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Through Third Quarter Of October Two Thousand And Twenty Four [Member]
Debt Instrument [Line Items]
Ratio of indebtness to net capital										7
Term loan agreement dated September 30, 2019, LIBOR + 2.5%, maturing March 15, 2030 [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Through Third Quarter Of October Two Thousand And Twenty Five [Member]
Debt Instrument [Line Items]
Ratio of indebtness to net capital										6
Term loan agreement dated September 30, 2019, LIBOR + 2.5%, maturing March 15, 2030 [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| After Third Quarter Of October Two Thousand And Twenty Five [Member]
Debt Instrument [Line Items]
Ratio of indebtness to net capital										5
Taxable industrial development revenue bonds two thousand and twenty one [Member]
Debt Instrument [Line Items]
Debt instrument face value					$ 160,000,000
Long term debt term					15 years
Long term debt initial period of interest only payments					2 years
Debt issuance costs gross					$ 570,000
Long term debt bearing fixed interest rate percentage					6.50%
Proceeds from miscellaneous debt					$ 7,330,000
Taxable industrial development revenue bonds two thousand and twenty one [Member] \| Other Nonoperating Income (Expense) [Member]
Debt Instrument [Line Items]
Gain loss on extinguishment of debt		$ 845,000
Taxable industrial revenue bonds, dated July 21, 2022, 11.5% interest rates, maturing September 1, 2027 [Member]
Debt Instrument [Line Items]
Debt instrument variable interest spread										11.50%
Debt issuance costs gross		4,224,000
Proceeds from other long term debt	$ 25,000,000	$ 135,000,000
Long term debt bearing fixed interest rate percentage		11.50%
Debt service coverage ratio minimum												1.25
Long term debt date of maturity		Sep. 01, 2027								Sep. 01, 2027
Debt instrument interest rate terms												payable semiannually on March 1 and September 1 of each year
Debt instrument redemption price percentage		100.00%
Cash and minimum short term investments to be maintained		$ 8,000,000
Debt instrument mandatory prepayment premium percentage		3.00%
Taxable industrial revenue bonds, dated July 21, 2022, 11.5% interest rates, maturing September 1, 2027 [Member] \| Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Debt instrument prepayment premium percentage		3.00%
Taxable industrial revenue bonds, dated July 21, 2022, 11.5% interest rates, maturing September 1, 2027 [Member] \| Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Debt instrument prepayment premium percentage		2.00%
Taxable industrial revenue bonds, dated July 21, 2022, 11.5% interest rates, maturing September 1, 2027 [Member] \| Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Debt instrument prepayment premium percentage		0.00%
Various term loan agreements, with earliest start at September 9, 2021, 5-5.5% interest rates, latest maturation on November 17, 2027 [Member]
Debt Instrument [Line Items]
Debt instrument maturity date range end				Nov. 17, 2027
Long term debt date of maturity										Nov. 17, 2027
Various term loan agreements, with earliest start at September 9, 2021, 5-5.5% interest rates, latest maturation on November 17, 2027 [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt instrument face value				$ 66,000
Long term debt term				6 years
Long term debt bearing variable interest rate percentage										5.50%
Long term debt bearing fixed interest rate percentage				5.50%
Various term loan agreements, with earliest start at September 9, 2021, 5-5.5% interest rates, latest maturation on November 17, 2027 [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt instrument face value				$ 29,000
Long term debt term				5 years
Long term debt bearing variable interest rate percentage										5.00%
Long term debt bearing fixed interest rate percentage				5.00%
Various term loan agreements beginning with twenty first of april two thousand and twenty two [Member]
Debt Instrument [Line Items]
Long term debt term			5 years
Long term debt bearing fixed interest rate percentage			4.80%
Long term debt date of maturity													May 05, 2027
Various term loan agreements beginning with twenty first of april two thousand and twenty two [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt instrument face value			$ 72,000
Various term loan agreements beginning with twenty first of april two thousand and twenty two [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt instrument face value			$ 65,000
Live Oak Bank [Member] \| Permanent loan agreement, dated August 21, 2020, greater of Prime + 1.5% or 4.75% interest rate, maturing August 21, 2035 [Member] \| Prime Rate [Member]
Debt Instrument [Line Items]
Debt instrument face value							$ 19,000,000
Long term debt term							15 years
Long term debt initial period of interest only payments							2 years
Long term debt period over which principal and interest shall be repaid							13 years
Debt instrument variable interest spread							1.50%
Long term debt bearing variable interest rate percentage							4.75%
Debt issuance costs gross							$ 951,000
Ratio of net cash flow to interest and service fees minimum							1.25
Ratio of indebtness to net capital							5
Live Oak Bank [Member] \| Permanent loan agreement, dated October 1, 2020, greater of Prime + 1.5% or 4.75% interest rate, maturing October 1, 2035 [Member] \| Prime Rate [Member]
Debt Instrument [Line Items]
Debt instrument face value															$ 19,000,000
Long term debt term						15 years
Long term debt initial period of interest only payments						2 years
Long term debt period over which principal and interest shall be repaid						13 years
Debt instrument variable interest spread						1.50%
Long term debt bearing variable interest rate percentage						4.75%
Debt issuance costs gross						$ 877,000
Ratio of net cash flow to interest and service fees minimum						1.25
Ratio of indebtness to net capital						5
RMB [Member] \| Term loan agreement dated February 3, 2020, LIBOR + 2.5%, maturing February 3, 2027 [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument face value								$ 5,580,000
Long term debt term								7 years
Long term debt initial period of interest only payments								8 months
Long term debt period over which principal and interest shall be repaid								76 months
Debt instrument variable interest spread								2.50%
Debt issuance costs gross								$ 86,000
Long term debt draw period								60 days
Long term debt period of amortization of principal								10 years

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($)

Mar. 31, 2023

Dec. 31, 2022

Debt Instrument [Line Items]

Long-term debt, gross

$ 213,106,335

$ 213,575,262

Less: noncurrent debt issuance costs

(4,423,024)

(4,664,552)

Less: current debt issuance costs

(995,365)

(993,157)

Less: current portion of long-term debt, net of debt issuance costs

(2,446,320)

(2,445,594)

Less: current portion of long-term debt, net of debt issuance costs

(2,445,595)

Total long-term debt, net of debt issuance costs

^[1]

205,241,626

205,471,958

Permanent loan agreement, dated August 21, 2020, greater of Prime + 1.5% or 4.75% interest rate, maturing August 21, 2035 [Member]

Debt Instrument [Line Items]

Long-term debt, gross

18,781,286

18,852,476

Permanent loan agreement, dated October 1, 2020, greater of Prime + 1.5% or 4.75% interest rate, maturing October 1, 2035 [Member]

Debt Instrument [Line Items]

Long-term debt, gross

18,844,246

18,924,229

Term loan agreement dated September 30, 2019, LIBOR + 2.5%, maturing March 15, 2030 [Member]

Debt Instrument [Line Items]

Long-term debt, gross

10,949,462

11,110,484

Term loan agreement dated February 3, 2020, LIBOR + 2.5%, maturing February 3, 2027 [Member]

Debt Instrument [Line Items]

Long-term debt, gross

4,231,500

4,371,000

Taxable industrial revenue bonds, dated July 21, 2022, 11.5% interest rates, maturing September 1, 2027 [Member]

Debt Instrument [Line Items]

Long-term debt, gross

160,000,000

Various term loan agreements, with earliest start at September 9, 2021, 5-5.5% interest rates, latest maturation on November 17, 2027 [Member]

Debt Instrument [Line Items]

Long-term debt, gross

$ 299,841

$ 317,073

[1]	Includes related party debt of $10,000,000 for the 2022 taxable industrial revenue bond as of March 31, 2023 and December 31, 2022, respectively.

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

Principles of Consolidation

Variable Interest Entities

The Company follows ASC

810-10-15

Côte-Nord

Canada

(“Côte-Nord”)

and Ensyn BioEnergy Canada, Inc (“EBC”).

Northern Fire Management Services, LLC:

% owned by a Canadian citizen, and

Mountain Air, LLC:

As of November 7, 2022, MA, LLC

was

a wholly-owned subsidiary of Bridger. Prior to MA, LLC becoming a wholly-owned subsidiary of the Company, MA, LLC was owned 50

by Timothy Sheehy, the Chief Executive Officer and a director of Bridger, and

99% of all revenue it received from the use and deployment of Bridger Aviation’s aircraft. MA, LLC was obligated to operate and maintain the aircraft in accordance with applicable FAA standards.

Seasonality

Use of Estimates

Reclassifications

Deferred Offerings Costs

Deferred Offering Costs

Deferred offering costs primarily consist of capitalized legal, accounting and other third-party costs incurred that are directly related to the

Reverse Recapitalization

, which

has been

accounted for as a reverse recapitalization. These costs were charged to Stockholders’ deficit as a reduction of Additional paid-in capital generated upon the completion of the

Reverse Recapitalization

. As of March 31, 2023,

the Company charged $

9,778 thousand to Stockholders’ deficit. As of December 31, 2022

the Company recorded $5,800 thousand of deferred offering costs in the Unaudited Condensed Consolidated Balance Sheets.

Revenue Recognition

as-needed

pre-determined

rates. No variable considerations are constrained within the contracts.

340-40-25-4

to expense any costs to fulfill a contract as they are incurred when the amortization period would be one year or less.

Other revenue consists of leasing revenues for facilities as well as external repair work performed on customer aircraft.

Revenue Disaggregation

The following shows the disaggregation of revenue by service for the three months ended March 31, 2023 and March 31 2022.


	For the three months ended March 31,
	2023		2022
Fire suppression	$	—	$	—
Aerial surveillance		—		—
Other services		365,373		69,292

Total revenues	$	365,373	$	69,292

The following shows the disaggregation of revenue by type for the three months ended March 31, 2023 and March 31, 2022.


	For the three months ended, March 31
	2023		2022
Flight revenue	$	—	$	—
Standby revenue		—		—
Other revenue		365,373		69,292

Total revenues	$	365,373	$	69,292

Concentration Risk

For the three months ended March 31, 2023, the Company had one customer who individually accounted for 65% of total revenues. As of March 31, 2023, one customer accounted for 83% of accounts

receivable. Refer to “

Note 16 – Related Party Transactions

” for

additional information.

Hedging Transactions and Derivative Financial Instruments

, such as swap agreements.

“Note 12 – Long-Term Debt.”

Warrant Liabilities

Distinguishing Liabilities from Equity

and ASC

815-40,

Derivatives and Hedging—Contracts in Entity’s Own Equity

Income Taxes

Subsequent to the Reverse Recapitalization, the Company became the successor of Legacy Bridger as discussed in

“Note 1 – Organization and Basis of Presentation.”

“Note 19 – Income Taxes.”

Net Income (Loss) Per Share

after-tax

impact of changes to the fair value of the Warrants, to the extent they are dilutive.

Collaboration Agreements

Stock-Based Compensation

The Company accounts for its stock-based compensation in accordance with provisions of ASC 718, Compensation-Stock Compensation (“ASC 718”) at the grant date fair value.

Advertising Expense

Recent Accounting Pronouncements

Recently Adopted Accounting Pronouncements

In June 2016, the FASB issued ASU

No. 2016-13,

In January 2017, the FASB issued ASU

No. 2017-04,

Recently Issued Accounting Pronouncements

In March 2020, the FASB issued ASU

No. 2020-04,

Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, and in January 2021, issued ASU

No. 2021-01,

No. 2022-06,

Condensed Consolidated Statements of Cash Flows - USD ($)

3 Months Ended

Mar. 31, 2023

Mar. 31, 2022

Cash Flows from Operating Activities:

Net loss

$ (44,684,938)

$ (14,873,009)

Adjustments to reconcile net loss to net cash provided by (used in) operating activities

(Gain) loss on sale of fixed assets

(1,459)

781,492

Depreciation and amortization

1,751,045

1,266,922

Stock based compensation expense

25,597,016

2,558

Change in fair value of the Warrants

(1,599,000)

Change in fair value of freestanding derivative

50,559

Amortization of debt issuance costs

239,319

44,866

Interest accrued on Legacy Bridger Series B Preferred Shares

2,857,921

Change in fair value of Legacy Bridger Series C Preferred Shares

(345,585)

Realized gain on investments in marketable securities

(258,618)

Changes in operating assets and liabilities

Accounts receivable

^[1]

(338,434)

34,992

Aircraft support parts

1,326,376

138,699

Prepaid expense and other current and noncurrent assets

(3,897,015)

556,422

Accounts payable, accrued expenses and other liabilities

(14,491,847)

1,771,711

Net cash used in operating activities

(36,652,581)

(7,417,426)

Cash Flows from Investing Activities:

Investments in construction in progress – buildings

(1,045,600)

(177,583)

Proceeds from sales and maturities of marketable securities

25,061,740

Sale of property, plant and equipment

113,659

286,400

Purchases of property, plant and equipment

(11,170,664)

(2,460,944)

Net cash provided by (used in) investing activities

12,959,135

(2,352,127)

Cash Flows from Financing Activities:

Payment of finance lease liability

(8,440)

Proceeds from the Closing

3,193,536

Costs incurred related to the Closing

(6,793,574)

Borrowings from various First Interstate Bank vehicle loans

63,070

Repayments on debt

(468,925)

(477,671)

Net cash used in financing activities

(4,077,403)

(414,601)

Effects of exchange rate changes

192

(287)

Net change in cash, cash equivalents and restricted cash

(27,770,657)

(10,184,441)

Cash, cash equivalents and restricted cash – beginning of the period

42,459,626

17,261,132

Cash, cash equivalents and restricted cash – end of the period

14,688,969

7,076,691

Less: Restricted cash – end of the period

12,398,725

3,452,932

Cash and cash equivalents – end of the period

2,290,244

3,623,759

Supplemental disclosure of non-cash operating and financing activities

Assumption of Jack Creek liabilities

7,463,673

Recognition of warrant liabilities

5,863,000

Recognition of Deferred underwriting fee

1,500,000

Supplemental cash flow information

Interest paid

^[2]

10,311,545

3,715,257

Fixed assets in accounts payable

1,468,890

2,640,384

Conversion of Promissory Note to Common Stock

897,400

Series A Preferred stock – adjustment for deemed dividend upon Closing

48,300,000

Series A Preferred Stock – adjustment to eliminate 50% multiplier

156,362,597

Series A Preferred Stock - adjustment to maximum redemption value

$ 4,274,439

Legacy Bridger Series A Preferred Shares – adjustment for redemption, extinguishment and accrued interest

$ 4,339,767

[1]	Includes related party accounts receivable of $321,244 for the three months ended March 31, 2023.
[2]	Includes related party interest paid of approximately $575,000 for the 2022 taxable industrial revenue bond for the three months ended March 31, 2023.

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 23 – Subsequent Events The Company evaluated its activities through the date of the filing of the Unaudited Condensed Consolidated Financial Statements. On April 7, 2023, the Company sold one of its five Twin Commander surveillance platforms for $0.7 million.

Accrued Expenses and Other Liabilities - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2023	Jan. 24, 2023	Dec. 31, 2022	Aug. 19, 2022
Accrued bonuses	$ 3,087,000			$ 10,100,000
Debt instrument carrying amount	$ 213,106,335		$ 213,575,262
Common stock shares authorized	1,000,000,000		1,000,000,000
2022 Bonds [Member]
Debt instrument carrying amount				$ 160,000,000
Public Warrants [Member]
Class of warrant or right, outstanding	17,250,000	17,250,000
Class of warrant or right, exercise price of warrants or rights	$ 0.16	$ 11.5
Number of trading days from the closing of business combination	30 days
Redemption price per warrant	$ 0.01
Number of trading days for determining the share price	20 days
Number of consecutive trading days for determining the share price	30 days
Number of trading days from the date of notification to exercise the warrants	30 days
Common stock shares authorized	17,250,000
Liabilities fair value disclosure	$ 2,760,000
Number of days between the end of consecutive threshold trading days and the date on which notice is sent to warrant holders for redemption	3 days
Public Warrants [Member] \| Common Stock [Member]
Redemption price per warrant	$ 0.1
Number of trading days for determining the share price	20 days
Number of consecutive trading days for determining the share price	30 days
Public Warrants [Member] \| Minimum [Member] \| Common Stock [Member]
Share price	$ 10
Public Warrants [Member] \| Maximum [Member]
Share price	18
Public Warrants [Member] \| Maximum [Member] \| Common Stock [Member]
Share price	$ 18
Private Placement Warrants [Member]
Class of warrant or right, outstanding	9,400,000	9,400,000
Class of warrant or right, exercise price of warrants or rights	$ 0.16	$ 11.5
Common stock shares authorized	9,400,000
Liabilities fair value disclosure	$ 1,504,000
JCIC Public Warrants [Member]
Class of warrant or right, outstanding		17,250,000
JCIC Private Placement Warrants [Member]
Class of warrant or right, outstanding		9,400,000

Long-Term Debt

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Long-Term Debt

Note 12 – Long-Term Debt

Long-term debt consisted of the following:


	As of March 31, 2023			As of December 31, 2022
Permanent loan agreement, dated August 21, 2020, greater of Prime + 1.5% or 4.75% interest rate, maturing August 21, 2035	$	18,781,286		$	18,852,476
Permanent loan agreement, dated October 1, 2020, greater of Prime + 1.5% or 4.75% interest rate, maturing October 1, 2035		18,844,246			18,924,229
Term loan agreement dated September 30, 2019, LIBOR + 2.5%, maturing March 15, 2030		10,949,462			11,110,484
Term loan agreement dated February 3, 2020, LIBOR + 2.5%, maturing February 3, 2027		4,231,500			4,371,000
Taxable industrial revenue bonds, dated July 21, 2022, 11.5% interest rates, maturing September 1, 2027		160,000,000			160,000,000
Various term loan agreements, with earliest start at September 9, 2021, 5-5.5% interest rates, latest maturation on November 17, 2027		299,841			317,073

Loans payable		213,106,335			213,575,262
Less: noncurrent debt issuance costs		(4,423,024	)		(4,664,552	)
Less: current debt issuance costs		(995,365	)		(993,157	)
Less: current portion of long-term debt, net of debt issuance costs		(2,446,320	)		(2,445,595	)

Total long-term debt, net of debt issuance costs	$	205,241,626		$	205,471,958

2020 Loan Agreements

In 2020, the Company entered into two separate credit facilities brokered through Live Oak Bank (“LOB”) and backed by the U.S. Department of Agriculture (“USDA”) for the completed purchase of the Company’s first two Viking Air Limited (“Viking”) Cl415EAF aircraft. The Company issued two

$19,000 thousand promissory notes to LOB, established as

15-year

maturity, first 2 years interest only payments monthly, then

13-year

term principal plus interest due monthly at the rate of the greater of prime plus 1.5% or 4.75% per annum. The first of these notes was issued on August 21, 2020 and the second was issued October 1, 2020 to BAT1, LLC and BAT2, LLC, respectively. Debt issuance costs for BAT1 and BAT2 were $951 thousand and $877 thousand, respectively. Both of these notes are subject to financial covenants requiring the Company to maintain a debt service coverage ratio (“DSCR”), generally calculated as the ratio of the net cash flow (as defined in the applicable note agreements) to the amount of interest and servicing fees required to be paid over the succeeding 12 months on the principal amount of the note, as applicable, that will be outstanding on the payment date following such date of determination, that exceeds

1.25x at the aircraft or entity level and for the Company’s debt to worth ratio to not exceed 5.00x at the aircraft or entity level.

On February 3, 2020, the Company entered into a credit facility with RMB to finance in part the purchase of four Quest Kodiak aircraft. A promissory note was issued for $5,580 thousand, established as a

7-year

maturity, first 8 months interest only payments monthly, 60 day draw period, then

76-month

term plus principal interest due monthly on a

10-year

amortization at the rate of 1 month LIBOR plus 2.5%. Debt issuance costs for this loan was $86 thousand.

The Company also maintained a credit facility with RMB issued in 2019 for $12,882 thousand, established as a

10-year

maturity,

6-month

draw period, first 6 months interest only payments monthly, then

10-year

term principal plus interest due monthly on a

20-year

amortization at the rate of 1 month LIBOR plus 2.5%. Debt issuance costs for this loan were $116 thousand.

Both of these notes with RMB are subject to financial covenants requiring the Company to maintain a debt service coverage ratio (“DSCR”), calculated as the ratio of adjusted EBITDA (as defined in the applicable note agreements) to the amount of interest and principal payments for the fiscal year ending on the compliance date, that exceeds 1.25x for the Company. These notes are also subject to financial covenants requiring the Company to maintain a Senior Leverage Ratio on a quarterly basis not to exceed 7.00 to 1.00 through Quarter 3, 2024, 6.00 to 1.00 through Quarter 3, 2025 and 5.00 to 1.00 thereafter. This is calculated as Total Funded Senior Debt (as defined in the applicable note agreements) less municipal debt, divided by adjusted EBITDA (as defined in the applicable note agreements).

of December 31, 2022, the Company was not in violation of the Senior Leverage Ratio requirement related to the credit facilities entered with RMB, as RMB amended the loan agreements prior to

year-end.

These amendments modified the definition of EBITDA to be used in the Senior Leverage Ratio calculation to include certain allowable addbacks and modified the timing requirement of the Senior Leverage Ratio.

2021 Loan Agreements

On February 24, 2021, the Company issued taxable industrial development revenue bonds under the CUSIP of Gallatin County for $7,330 thousand (“2021 Bonds”). This was done through an offering of the first tranche of which the Company is approved to issue up to $160,000 thousand. These proceeds are designated to finance the construction and equipping of the Company’s third aircraft hangar in Belgrade, Montana. They were issued with a

15-year

maturity, first two years interest only payments monthly at the rate of 6.5%. Debt issuance costs for this loan were $570 thousand.

On July 21, 2022, upon the closing of the 2022 Bonds, the Company redeemed in full the 2021 Bonds, and recorded a loss of $

845 thousand on debt extinguishment in Other (expense) income in the Condensed Consolidated Statements of Operations.

The Company

re-entered

into a new short-term loan to finance aviation insurance premiums with IPFS on November 18, 2021. This was financed for $610 thousand with a maturity of one year and at a rate of 3.89%. No debt issuance costs were incurred.

The Company entered into six various term loan agreements for the purchase of vehicles through First Interstate Bank with the earliest date of September 9, 2021. These loans ranged from $29 thousand to $66 thousand and were at rates from 5% to 5.5% and at durations from 5 to 6 years, with the latest maturation on November 17, 2027.

2022 Loan Agreements

The Company entered into two various term loan agreements for the purchase of vehicles through First Interstate Bank with the date of April 21, 2022. These loans ranged from $65 thousand to $72 thousand and were at a rate of 4.8% and at a duration of 5 years, with the maturation on May 5, 2027.

On July 21, 2022, the Company closed on the 2022 Bonds, upon which the Company received from aggregate proceeds of $135,000 thousand on July 21, 2022 and $25,000

thousand on August 10, 2022. The proceeds were designated to redeem in full the 2021 Bonds and the Legacy Bridger Series A Preferred Shares, to finance the construction and equipping of the Company’s third and fourth aircraft hangar in Belgrade, Montana and to fund the purchase of additional CL415EAF aircraft. The 2022 Bonds mature on

September 1, 2027, with an annual interest rate of 11.5% payable semiannually on March 1 and September 1 of each year, commencing on September 1, 2022. Debt issuance costs for the 2022 Bonds were $4,224 thousand.

The 2022 Bonds are subject to redemption or prepayment prior to maturity, as follows: (a) optional redemption in whole or in part, on any day thereafter at par plus accrued interest, and on certain dates, a premium; (b) mandatory redemption at par plus any premium applicable to optional redemptions and a 3% premium if such redemptions are made prior to September 1, 2025, in whole or in part, in the event of the occurrence of certain events; and (c) extraordinary redemption at par plus accrued interest due to the occurrence of certain casualty, condemnation, or other unexpected events. Optional redemptions are subject to 3%, 2%, and 0% premiums if redemptions are made on or after September 1, 2025, September 2026, and September 2027, respectively. At the Company’s direction, the 2022 Bonds may be redeemed by Gallatin County at any time, at a redemption price equal to 100% of the principal amount plus accrued interest upon the occurrence of certain events. The 2022 Bonds are subject to financial covenants requiring the Company to maintain a DSCR that exceeds 1.25x commencing with the fiscal quarter ending December 31, 2023, operate in such a manner to produce gross revenues so as to be at all relevant times in compliance with the DSCR covenant and have $8,000 thousand in the form of cash or investments (excluding margin accounts and retirement accounts) at all times and to be reported.

Amortization of debt issuance costs was $239 thousand and $45 thousand for the three months ended March 31, 2023 and March 31 2022, respectively.

Condensed Consolidated Statements of Cash Flows (Parenthetical)	3 Months Ended
	Mar. 31, 2023 USD ($)
Increase (Decrease) in accounts receivable, related parties	$ 321,244
Related party loss in interest expense	$ 575,000

Cash Equivalents And Investments in Marketable Securities - Schedule of Cash Equivalents in Marketable Securities (Detail) - USD ($)	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Cash and Cash Equivalents [Line Items]
Cash equivalents	$ 2,025,399	$ 29,902,953
Restricted cash	12,398,725		$ 3,452,932
Commercial Paper [Member]
Cash and Cash Equivalents [Line Items]
Cash equivalents		29,890,313
Money Market Funds [Member]
Cash and Cash Equivalents [Line Items]
Cash equivalents	2,025,399	12,640
Restricted cash	$ 9,381,562	$ 9,284,362

Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Company's Basic and Diluted Earnings (Loss) Per Share

The following table sets forth the computation of the Company’s basic and diluted earnings (loss) per share:


	For the three months ended, March 31
(in USD, except share data)	2023			2022
Numerator—basic and diluted
Net loss	$	(44,684,938	)	$	(14,873,009	)
Series A Preferred Stock—adjustment for deemed dividend upon Closing		(48,300,000	)		—
Legacy Bridger Series A Preferred Shares—adjustment for redemption, extinguishment and accrued interest		—			(4,339,767	)
Series A Preferred Stock—adjustment to eliminate 50% multiplier		156,362,597
Series A Preferred Stock—adjustment to maximum redemptions value		(4,274,439	)		—

Net income (loss) attributable to Common Stockholders – basic and diluted	$	59,103,220		$	(19,212,776)

Denominator—basic
Weighted average Common Stock outstanding—Legacy Bridger shareholders		38,848,420			38,770,646
Weighted average Common Stock outstanding—Public shareholders		1,551,688			—
Weighted average Common Stock outstanding—Sponsor and independent directors of JCIC		1,301,430			—
Weighted average vested restricted stock units outstanding		1,786,930			—

Weighted average Common Stock outstanding—basic		43,488,468			38,770,646

Denominator—diluted
Weighted average Common Stock outstanding—basic		43,488,468			38,770,646

Weighted average effect of dilutive securities:
Series A Preferred Stock		30,624,501			—
Unvested Legacy Bridger Incentive Units		237,283			—
Sponsor Earnout Shares		636,500			—

Weighted average Common Stock outstanding—diluted		74,986,752			38,770,646

Basic and diluted net income (loss) per share
Basic net income (loss) per Common Stock	$	1.36		$	(0.50	)

Diluted net income (loss) per Common Stock	$	0.79		$	(0.50	)

Schedule of Potentially Diluted Common Shares that were Excluded from the Diluted Net Loss Per Share


	For the three months ended, March 31
	2023		2022
Shares excluded from diluted net income (loss) per share
Unvested Restricted Stock Units		4,181,142		—
Public Warrants		17,250,000		—
Private Placement Warrants		9,400,000		—
Unvested Legacy Bridger Incentive Units		—		323,232

Accrued Expenses and Other Liabilities

3 Months Ended

Mar. 31, 2023

Accounts Payable and Accrued Liabilities [Abstract]

Accrued Expense and Other Liabilities

Note 9 – Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consisted of the following:


	As of March 31, 2023			As of December 31, 2022

Accrued salaries, wages, and bonuses	$	7,359,232		$	6,515,774
Finance right-of-use liability		61,615			68,310
Accrued professional fees		612,111			2,291,469
Embedded derivative of Legacy Bridger Series C Preferred Shares		—			1,039,330
Embedded derivative of Series A Preferred Stock		693,745			—
Warrant liabilities		4,264,000			—
Deferred underwriting fee payable		1,500,000			—
Freestanding derivative on Legacy Bridger Series C Preferred Shares		—			2,186,283
Excess hold fee payable on Series A Preferred Stock		2,236,842			—
Accrued interest expense and other accrued liabilities		2,140,690			6,614,065

Total accrued expenses and other liabilities		18,868,235			18,715,231
Less: Current accrued expenses and other current liabilities		(13,063,960	)		(18,669,572	)

Total long-term accrued expenses and other noncurrent liabilities	$	5,804,275		$	45,659

The Company’s bonus pool was accrued throughout the year and was based upon 2022 performance milestones. On August 19, 2022, the Company also granted $10.1

million of discretionary cash bonuses to employees and executives in connection with the issuance of the Legacy Bridger Series C Preferred Shares, issuance of the taxable industrial development revenue bond transaction under the CUSIP of Gallatin County for $160,000 thousand (“2022 Bonds”) and execution of the Transaction Agreements. As of March 31, 2023, $

3,087 thousand of the discretionary cash bonuses remained accrued and unpaid.

Warrant liabilities

The warrant liabilities consist of the following Warrants issued by the Company in connection the Reverse Recapitalization:

Public Warrants

The Company issued Public Warrants to purchase 17,250,000

shares of Common Stock at an exercise price of

11.50 per share in exchange for the 17,250,000

JCIC warrants originally issued by JCIC in its initial public offering. The Warrants may only be exercised for a whole number of shares of Common Stock. The exercise price and number of shares of Common Stock issuable upon exercise of the Warrants may also be adjusted in certain circumstances including in the event of a share dividend, recapitalization, reorganization, merger or consolidation. In no event will the Company be required to net cash settle any Warrant.

The Warrants became exercisable 30

days following the Reverse Recapitalization and will expire January 24, 2028.

Under certain circumstances, the Company may elect to redeem the Public Warrants at a redemption price of

$0.01

per Public Warrant at any time during the term of the warrant in which the Common Stock trading price has been at least

18.00 per share for 20 trading days within the 30

trading-day

period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the Warrant holders. If the Company elects to redeem the Public Warrants, it must notify the Public Warrant holders in advance, who would then have at least

days from the date of notification to exercise their respective warrants. If the warrant is not exercised within that 30-day period, it will be redeemed pursuant to this provision. The Company may also elect to redeem the outstanding Warrants at a redemption price of

$0.10

per Warrant at any time during the term of the Warrant in which the Common Stock trading price is between

$10.00

per share and

$18.00

per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganization, recapitalizations and the like) for any

20 trading days within the 30

trading-day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the Warrant holders. In such case, the Warrant holders will be able to exercise their Warrants on a cashless basis prior to the redemption for a number of shares of our Common Stock determined based on the redemption date and the fair market value of the Common Stock.

As of March 31, 2023, the Company had 17,250,000 outstanding

ublic

arrants to purchase 17,250,000

shares of Common Stock.

The Public Warrants are liability-classified with a balance of $2,760 thousand and a fair value of $0.16 per warrant as of March 31, 2023.

Private Placement Warrants

The Company issued Private Placement Warrants to purchase 9,400,000

shares of Common Stock at an exercise price of $

11.50 per share in exchange for the 9,400,000

JCIC

arrants originally purchased in a private placement by JCIC Sponsor, LLC (“JCIC Sponsor”) contemporaneously with JCIC’s initial public offering. JCIC Sponsor, or its permitted transferees, has the option to exercise the Private Placement Warrants on a cashless basis. If the Private Placement Warrants are held by holders other than JCIC Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company in all redemption scenarios and exercisable by the holders on the same basis as the Public Warrants.

As of March 31, 2023, the Company had 9,400,000 outstanding

Private Placement Warrants

to purchase 9,400,000

shares of Common Stock.

The Private Placement Warrants are liability-classified with a balance of $1,504 thousand and a fair value of $0.16 per warrant as of March 31, 2023.

Prepaid Expenses and Other Current Assets (Tables)

3 Months Ended

Mar. 31, 2023

Prepaid Expense and Other Assets, Current [Abstract]

Summary of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:


	As of March 31, 2023		As of December 31, 2022
Prepaid insurance	$	1,882,782	$	968,721
Prepaid subscriptions		1,090,397		770,724
Other current assets		103,294		95,587

Total prepaid expenses and other current assets	$	3,076,473	$	1,835,032

Fair Value Measurements - Additional Information (Detail) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) Percentage $ / shares
Public Warrants [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Share price triggering the redemption of warrants	$ 18
Number of trading days for determining the share price	20 days
Number of consecutive trading days for determining the share price	30 days
Public And Private Placement Warrants [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Share price triggering the redemption of warrants minimum	$ 10
Share price triggering the redemption of warrants maximum	18
Private Placement Warrants [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Share price triggering the redemption of warrants	$ 18
Fair Value, Inputs, Level 2 [Member] \| Long Term Debt Bearing Fixed Interest Rate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt at fair value \| $	$ 156,524
Fair Value, Inputs, Level 2 [Member] \| Long Term Debt Bearing Variable Interest Rate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt at fair value \| $	$ 51,164
Fair Value, Inputs, Level 3 [Member] \| Embedded Derivative Of Legacy Bridger Series C Preferred Shares And Series A Preferred Stock [Member] \| Percentage Increase In The Interest Rate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Embedded derivative liability measurement input \| Percentage	2

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note 16 – Related Party Transactions For the three months ended March 31, 2023, the Company earned $321,244 in revenues due to labor, maintenance and improvements to an aircraft under the ownership of Mr. Timothy Sheehy, the Chief Executive Officer. As of March 31, 2023, the Company had $321,244 in accounts receivable related to the revenues earned for the three months ended March 31, 2023. On July 21, 2022, the Company closed on the 2022 Bonds, upon which the Company received from aggregate proceeds of $135,000 thousand on July 21, 2022 and $25,000 thousand on August 10, 2022. In connection with the original issuance, three senior executives of the Company purchased approximately $10,000 thousand of the 2022 Bonds, which purchases were entered into on an arm’s length basis during the public offering for the 2022 Bond, and on the same terms and conditions that were offered to all Bond purchasers. The Company paid $ 575 thousand in interest to these three bond holders during the three months ended March 31, 2023, and incurred approximately $ 284 thousand in interest for the three months ended March 31, 2023. Refer to “Note 12 – Long-Term Debt.”

Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Summary of Long-Term Debt Instruments

Long-term debt consisted of the following:


	As of March 31, 2023			As of December 31, 2022
Permanent loan agreement, dated August 21, 2020, greater of Prime + 1.5% or 4.75% interest rate, maturing August 21, 2035	$	18,781,286		$	18,852,476
Permanent loan agreement, dated October 1, 2020, greater of Prime + 1.5% or 4.75% interest rate, maturing October 1, 2035		18,844,246			18,924,229
Term loan agreement dated September 30, 2019, LIBOR + 2.5%, maturing March 15, 2030		10,949,462			11,110,484
Term loan agreement dated February 3, 2020, LIBOR + 2.5%, maturing February 3, 2027		4,231,500			4,371,000
Taxable industrial revenue bonds, dated July 21, 2022, 11.5% interest rates, maturing September 1, 2027		160,000,000			160,000,000
Various term loan agreements, with earliest start at September 9, 2021, 5-5.5% interest rates, latest maturation on November 17, 2027		299,841			317,073

Loans payable		213,106,335			213,575,262
Less: noncurrent debt issuance costs		(4,423,024	)		(4,664,552	)
Less: current debt issuance costs		(995,365	)		(993,157	)
Less: current portion of long-term debt, net of debt issuance costs		(2,446,320	)		(2,445,595	)

Total long-term debt, net of debt issuance costs	$	205,241,626		$	205,471,958

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details