0001366868-22-000089 | 10-Q | XBRL Viewer

Loss Per Share

9 Months Ended

Sep. 30, 2022

11. LOSS PER SHARE

Loss per share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. In periods of net income, the numerator used to calculate diluted EPS includes the effect of dilutive securities, including interest expense, net, and derivative gains or losses reflected in net income. Common stock equivalents are included in the calculation of diluted earnings per share only when the effect of their inclusion would be dilutive. When outstanding, the effect of potentially dilutive common shares for the Company's convertible notes is calculated using the if-converted method. Generally, for all other potentially dilutive common shares, the effect is calculated using the treasury stock method.

The following table sets forth the computation of basic and diluted loss per common share during each of the three and nine months ended September 30, 2022 and 2021 (amounts in thousands, except per share data):



	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Net loss	$	(204,361)	$	(30,885)	$	(251,580)	$	(88,667)
Weighted average shares outstanding	1,800,504		1,793,144		1,799,364		1,755,362
Net loss per common share - basic and diluted	$	(0.11)	$	(0.02)	$	(0.14)	$	(0.05)

For the three months ended September 30, 2022 and 2021, 9.4 million and 11.0 million shares, respectively, of potential common stock were excluded from diluted shares outstanding because the effects of potentially dilutive securities would be anti-dilutive. For the nine months September 30, 2022 and 2021, 8.8 million and 10.2 million shares, respectively, of potential common stock were excluded from diluted shares outstanding because the effects of potentially dilutive securities would be anti-dilutive.

The Service Agreements also provide that Partner may elect to receive warrants (the "Warrants") to purchase up to 2.64% of the Company’s outstanding common stock, to be calculated on a fully diluted basis on the date Partner begins providing the Services (estimated to be November 2022), at a blended exercise price of $1.01, which is based on the price of Globalstar common stock on the dates of certain past milestones provided under the Service Agreements. As of September 30, 2022, the estimated Warrants to purchase shares of Globalstar common stock is 49.1 million with estimated proceeds to the Company totaling $49.8 million. Partner is under no obligation to receive the Warrants or to exercise them.

Leases

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Leases

3. LEASES

The following tables disclose the components of the Company’s finance and operating leases (amounts in thousands):


	As of:
	September 30, 2022		December 31, 2021
Operating leases:
Right-of-use asset, net	$	28,396	$	32,041

Short-term lease liability (recorded in accrued expenses)	2,464		2,501
Long-term lease liability	25,796		29,237
Total operating lease liabilities	$	28,260	$	31,738

Finance leases:
Right-of-use asset, net (recorded in intangible and other current assets, net)	$	109	$	8

Short-term lease liability (recorded in accrued expenses)	17		6
Long-term lease liability (recorded in non-current liabilities)	75		3
Total finance lease liabilities	$	92	$	9

Lease Cost

The components of lease cost are reflected in the table below (amounts in thousands):


	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Operating lease cost:
Amortization of right-of-use assets	$	584	$	661	$	1,908	$	1,815
Interest on lease liabilities	571		545		1,848		1,256
Capitalized lease cost	(215)		—		(702)		—
Finance lease cost:
Amortization of right-of-use assets	4		1		7		9
Short-term lease cost	205		38		413		117
Total lease cost	$	1,149	$	1,245	$	3,474	$	3,197

In accordance with the Service Agreements, the Company began capitalizing certain costs to fulfill this contract during the fourth quarter of 2021, including lease expense, as shown in the table above. These capitalized lease costs will be amortized over the expected term of the related performance obligation.

Interest on finance lease liabilities was less than $0.1 million for the three and nine months ended September 30, 2022 and 2021; accordingly, these amounts are not shown in the table above.

Weighted-Average Remaining Lease Term and Discount Rate

The following table discloses the weighted-average remaining lease term and discount rate for finance and operating leases.

As of:

September 30, 2022

December 31, 2021

Weighted-average lease term

Finance leases

4.8 years

1.6 years

Operating Leases

9.9 years

10.6 years

Weighted-average discount rate

Finance leases

10.2

7.0

Operating leases

8.4

Supplemental Cash Flow Information

The below table discloses supplemental cash flow information for operating leases (in thousands):


	Nine Months Ended
	September 30, 2022		September 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3,675	$	3,420

Operating and financing cash flows from finance leases were each less than $0.1 million for each of the nine months ended September 30, 2022 and 2021; accordingly, these cash flows are not shown in the table above.

Maturity Analysis

The following table reflects undiscounted cash flows on an annual basis for the Company’s lease liabilities as of September 30, 2022 (amounts in thousands):


	Operating Leases		Finance Leases

2022 (remaining)	$	1,180	$	8
2023	4,775		25
2024	4,649		23
2025	4,677		23
2026	4,724		23
Thereafter	21,584		15
Total lease payments	$	41,589	$	117
Imputed interest	(13,329)		(25)
Discounted lease liability	$	28,260	$	92

As of September 30, 2022, the Company executed additional operating leases for new gateway locations. These leases have not yet commenced as of September 30, 2022, since the lessors are continuing to ready the sites for use. Accordingly, these leases are not included on the consolidated balance sheet as of September 30, 2022 or in the maturity table above. The Company is in the process of evaluating these lease obligations and expects the impact of these leases to be an increase of right of use assets and lease liabilities of approximately $4.7 million.

Leases

3. LEASES

The following tables disclose the components of the Company’s finance and operating leases (amounts in thousands):


	As of:
	September 30, 2022		December 31, 2021
Operating leases:
Right-of-use asset, net	$	28,396	$	32,041

Short-term lease liability (recorded in accrued expenses)	2,464		2,501
Long-term lease liability	25,796		29,237
Total operating lease liabilities	$	28,260	$	31,738

Finance leases:
Right-of-use asset, net (recorded in intangible and other current assets, net)	$	109	$	8

Short-term lease liability (recorded in accrued expenses)	17		6
Long-term lease liability (recorded in non-current liabilities)	75		3
Total finance lease liabilities	$	92	$	9

Lease Cost

The components of lease cost are reflected in the table below (amounts in thousands):


	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Operating lease cost:
Amortization of right-of-use assets	$	584	$	661	$	1,908	$	1,815
Interest on lease liabilities	571		545		1,848		1,256
Capitalized lease cost	(215)		—		(702)		—
Finance lease cost:
Amortization of right-of-use assets	4		1		7		9
Short-term lease cost	205		38		413		117
Total lease cost	$	1,149	$	1,245	$	3,474	$	3,197

Interest on finance lease liabilities was less than $0.1 million for the three and nine months ended September 30, 2022 and 2021; accordingly, these amounts are not shown in the table above.

Weighted-Average Remaining Lease Term and Discount Rate

The following table discloses the weighted-average remaining lease term and discount rate for finance and operating leases.

As of:

September 30, 2022

December 31, 2021

Weighted-average lease term

Finance leases

4.8 years

1.6 years

Operating Leases

9.9 years

10.6 years

Weighted-average discount rate

Finance leases

10.2

7.0

Operating leases

8.4

Supplemental Cash Flow Information

The below table discloses supplemental cash flow information for operating leases (in thousands):


	Nine Months Ended
	September 30, 2022		September 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3,675	$	3,420

Maturity Analysis

The following table reflects undiscounted cash flows on an annual basis for the Company’s lease liabilities as of September 30, 2022 (amounts in thousands):


	Operating Leases		Finance Leases

2022 (remaining)	$	1,180	$	8
2023	4,775		25
2024	4,649		23
2025	4,677		23
2026	4,724		23
Thereafter	21,584		15
Total lease payments	$	41,589	$	117
Imputed interest	(13,329)		(25)
Discounted lease liability	$	28,260	$	92

Revenue (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of revenue disaggregated by product and services

The following table discloses revenue disaggregated by type of product and service (amounts in thousands):


	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Service revenue:
Subscriber services
Duplex	$	9,021	$	9,632	$	22,103	$	23,530
SPOT	11,753		11,873		34,544		33,996
Commercial IoT	4,673		4,458		14,381		13,443
Wholesale capacity services (1)	6,972		1,301		22,640		3,999
Engineering and other services	882		584		2,025		1,583
Total service revenue	33,301		27,848		95,693		76,551

Subscriber equipment sales:
Duplex	$	15	$	265	$	288	$	889
SPOT	1,558		2,619		4,707		6,764
Commercial IoT	2,713		1,841		6,427		5,452
Other	39		41		83		166
Total subscriber equipment sales	4,325		4,766		11,505		13,271

Total revenue	$	37,626	$	32,614	$	107,198	$	89,822

(1) Prior to the third quarter of 2022, revenue from Wholesale capacity services was included in Engineering and other services in the table above. Wholesale capacity services include satellite network access and related services utilizing our satellite spectrum and network of satellites and gateways under the Service Agreements with Partner.

The following table discloses revenue disaggregated by geographical market (amounts in thousands):


	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Service revenue:
United States	$	24,250	$	19,677	$	71,413	$	54,348
Canada	5,288		5,236		13,105		13,442
Europe	1,737		2,039		4,891		5,607
Central and South America	1,898		996		5,882		2,592
Others	128		(100)		402		562
Total service revenue	$	33,301	$	27,848	$	95,693	$	76,551

Subscriber equipment sales:
United States	$	2,034	$	3,130	$	5,817	$	7,740
Canada	1,634		563		3,311		2,430
Europe	231		505		1,176		1,511
Central and South America	420		546		1,177		1,538
Others	6		22		24		52
Total subscriber equipment sales	$	4,325	$	4,766	$	11,505	$	13,271

Total revenue	$	37,626	$	32,614	$	107,198	$	89,822

Schedule of accounts receivable and contract liabilities

Receivables are included in Accounts receivable, net of allowance for credit losses, on the Company's consolidated balance sheets except for the long-term portion of the wholesale capacity accounts receivable, which is included in Prepaid satellite construction costs and related customer receivable. The Company's receivable balances by type and classification are presented in the table below net of allowance for credit losses and may include amounts related to earned but unbilled revenue (amounts in thousands).


	As of:
	September 30, 2022		December 31, 2021
Accounts receivable, net of allowance for credit losses
Subscriber accounts receivable	$	13,954	$	12,825
Wholesale capacity accounts receivable	12,727		1,861
Agency agreement accounts receivable	2,913		6,496
Total accounts receivable, net of allowance for credit losses	$	29,594	$	21,182
Long-term wholesale capacity accounts receivable	69,646		—
Total accounts receivable (short-term and long-term), net of allowance for credit losses	$	99,240	$	21,182

In February 2022, the Company entered into an agreement for the purchase of new satellites that will replenish the Company's existing satellite constellation. Under the Service Agreements, subject to certain conditions, Partner is required to reimburse 95% of the capital expenditures and certain other costs incurred for this contract. In accordance with the expected timing of payment from Partner, $11.6 million is recorded in Wholesale capacity accounts receivable and $69.6 million is recorded as in Long-term wholesale capacity accounts receivable in the table above.

The Company's contract liabilities by type and classification are presented in the table below (amounts in thousands).


	As of:
	September 30, 2022		December 31, 2021
Short-term contract liabilities
Subscriber contract liabilities	$	23,212	$	24,940
Wholesale capacity contract liabilities	29,909		987
Total short-term contract liabilities	$	53,121	$	25,927
Long-term contract liabilities
Subscriber contract liabilities	$	1,669	$	1,783
Wholesale capacity contract liabilities, net of contract asset	169,982		110,271
Total long-term contract liabilities	$	171,651	$	112,054
Total contract liabilities	$	224,772	$	137,981

The components of wholesale capacity contract liabilities are presented in the table below (amounts in thousands).


	As of:
	September 30, 2022		December 31, 2021
Wholesale capacity contract liabilities, net:
Advanced payments for services expected to be performed with the second-generation satellite constellation during Phase 1 (1)	$	99,405	$	96,362
Advanced payments for services expected to be performed with the recently launched ground spare satellite during Phases 1 and 2	25,652		16,981
Advanced payments (both received and contractually owed) for services expected to be performed with the next-generation satellite constellation during Phase 2	78,151		—
Contract asset	(3,317)		(2,085)
Wholesale capacity contract liabilities, net	$	199,891	$	111,258

(1) In accordance with applicable accounting guidance, the Company records imputed interest associated with the significant financing component, totaling $4.9 million and $1.9 million as of September 30, 2022 and December 31, 2021, respectively, which is included in deferred revenue.

Related Party Transactions (Details) $ in Thousands		9 Months Ended		35 Months Ended
Related Party Transactions (Details) $ in Thousands	Sep. 07, 2022	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Nov. 30, 2019 USD ($)	Feb. 28, 2019 USD ($)
Related Party Transaction [Line Items]
Payables to affiliates		$ 142		$ 142	$ 444
Debt instrument, principal amount outstanding		349,061		349,061	265,219
Partnership agreement, minimum ownership threshold, percentage	0.5100
2019 Facility Agreement
Related Party Transaction [Line Items]
Debt instrument, principal amount outstanding		285,296		285,296	263,812	$ 199,000
Loan interest rate						13.50%
Thermo
Related Party Transaction [Line Items]
Payables to affiliates		100		100	$ 400
Annual base rental payments							$ 1,400
Annual rental payment escalation percentage							2.50%
Operating lease term							10 years
Rent expense		1,200	$ 1,200
Partnership agreement, ownership threshold, period	5 years
Thermo \| 2019 Facility Agreement
Related Party Transaction [Line Items]
Debt instrument, principal amount outstanding						$ 95,100
Loan interest rate						13.00%
Interest expense, related party		$ 9,700		$ 39,400

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 37,626	$ 32,614	$ 107,198	$ 89,822
Service revenue:
Disaggregation of Revenue [Line Items]
Revenue	33,301	27,848	95,693	76,551
Service revenue: \| United States
Disaggregation of Revenue [Line Items]
Revenue	24,250	19,677	71,413	54,348
Service revenue: \| Canada
Disaggregation of Revenue [Line Items]
Revenue	5,288	5,236	13,105	13,442
Service revenue: \| Europe
Disaggregation of Revenue [Line Items]
Revenue	1,737	2,039	4,891	5,607
Service revenue: \| Central and South America
Disaggregation of Revenue [Line Items]
Revenue	1,898	996	5,882	2,592
Service revenue: \| Others
Disaggregation of Revenue [Line Items]
Revenue	128	(100)	402	562
Duplex
Disaggregation of Revenue [Line Items]
Revenue	9,021	9,632	22,103	23,530
SPOT
Disaggregation of Revenue [Line Items]
Revenue	11,753	11,873	34,544	33,996
Commercial IoT
Disaggregation of Revenue [Line Items]
Revenue	4,673	4,458	14,381	13,443
Wholesale capacity
Disaggregation of Revenue [Line Items]
Revenue	6,972	1,301	22,640	3,999
Engineering and other services
Disaggregation of Revenue [Line Items]
Revenue	882	584	2,025	1,583
Subscriber equipment sales:
Disaggregation of Revenue [Line Items]
Revenue	4,325	4,766	11,505	13,271
Subscriber equipment sales: \| United States
Disaggregation of Revenue [Line Items]
Revenue	2,034	3,130	5,817	7,740
Subscriber equipment sales: \| Canada
Disaggregation of Revenue [Line Items]
Revenue	1,634	563	3,311	2,430
Subscriber equipment sales: \| Europe
Disaggregation of Revenue [Line Items]
Revenue	231	505	1,176	1,511
Subscriber equipment sales: \| Central and South America
Disaggregation of Revenue [Line Items]
Revenue	420	546	1,177	1,538
Subscriber equipment sales: \| Others
Disaggregation of Revenue [Line Items]
Revenue	6	22	24	52
Duplex
Disaggregation of Revenue [Line Items]
Revenue	15	265	288	889
SPOT
Disaggregation of Revenue [Line Items]
Revenue	1,558	2,619	4,707	6,764
Commercial IoT
Disaggregation of Revenue [Line Items]
Revenue	2,713	1,841	6,427	5,452
Other
Disaggregation of Revenue [Line Items]
Revenue	$ 39	$ 41	$ 83	$ 166

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Operating lease cost:
Amortization of right-of-use assets	$ 584	$ 661	$ 1,908	$ 1,815
Interest on lease liabilities	571	545	1,848	1,256
Capitalized lease cost	(215)	0	(702)	0
Finance lease cost:
Amortization of right-of-use assets	4	1	7	9
Short-term lease cost	205	38	413	117
Total lease cost	$ 1,149	$ 1,245	$ 3,474	$ 3,197

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2022	Oct. 28, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-33117
Entity Registrant Name	GLOBALSTAR, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-2116508
Entity Address, Address Line One	1351 Holiday Square Blvd.
Entity Address, City or Town	Covington
Entity Address, State or Province	LA
Entity Address, Postal Zip Code	70433
City Area Code	985
Local Phone Number	335-1500
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	GSAT
Security Exchange Name	NYSEAMER
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001366868
Current Fiscal Year End Date	--12-31
Voting Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		1,801,000,000
Nonvoting Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		0

Leases - Supplemental Lease Information (Details)	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Weighted-average lease term, Finance leases	4 years 9 months 18 days	1 year 7 months 6 days
Weighted-average lease term, Operating leases	9 years 10 months 24 days	10 years 7 months 6 days
Weighted-average discount rate, Finance leases	10.20%	7.00%
Weighted-average discount rate, Operating leases	8.40%	8.40%

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows provided by operating activities:
Net loss	$ (251,580)	$ (88,667)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, amortization and accretion	72,151	72,031
Change in fair value of derivatives	1,066	2,210
Stock-based compensation expense	4,433	3,044
Amortization of deferred financing costs	419	2,341
Reduction in value of long-lived assets and inventory	175,079	1,095
Provision for credit losses	754	1,029
Noncash interest and accretion expense	23,788	26,537
Unrealized foreign currency loss	13,399	4,639
Loss on pension settlement	1,501	0
Gain on extinguishment of debt	0	(1,835)
Noncash reversal of tariff accrual	0	(912)
Other, net	(3,002)	(625)
Changes in operating assets and liabilities:
Accounts receivable	(952)	(7,013)
Inventory	(1,295)	276
Prepaid expenses and other current assets	1,788	(1,595)
Other assets	352	(1,883)
Accounts payable and accrued expenses	(10,272)	15,197
Payables to affiliates	(303)	(309)
Other non-current liabilities	(2,602)	(259)
Deferred revenue	6,981	81,865
Net cash provided by operating activities	31,705	107,166
Cash flows used in investing activities:
Network upgrades (including capitalized interest)	(18,604)	(24,766)
Property and equipment additions	(5,839)	(4,209)
Sale of property and equipment	0	350
Purchase of intangible assets	(863)	(1,408)
Net cash used in investing activities	(25,306)	(30,033)
Cash flows used in financing activities:
Proceeds from exercise of warrants	0	43,678
Payments for debt and equity issuance costs	0	(133)
Proceeds from issuance of common stock and exercise of options	455	394
Net cash used in financing activities	(5,886)	(82,725)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(68)	(57)
Net increase (decrease) in cash, cash equivalents and restricted cash	445	(5,649)
Cash, cash equivalents and restricted cash, beginning of period	14,304	68,023
Cash, cash equivalents and restricted cash, end of period	14,749	62,374
Reconciliation of cash and cash equivalents
Cash and cash equivalents	14,749
Total cash and cash equivalents cash shown in the statement of cash flows	14,749	62,374
Supplemental disclosure of cash flow information:
Cash paid for interest	0	4,017
Supplemental disclosure of non-cash financing and investing activities:
Increase in capitalized accrued interest for network upgrades	8,615	1,703
Capitalized accretion of debt discount and amortization of prepaid financing costs	1,305	379
Satellite construction assets acquired through vendor financing arrangement	69,896	0
Forgiveness of principal and interest of Paycheck Protection Program loan	0	5,030
2019 Facility Agreement
Cash flows used in financing activities:
Repayments of credit facility	(6,341)	0
2009 Facility Agreement
Cash flows used in financing activities:
Repayments of credit facility	$ 0	$ (126,664)

Pensions and Other Employee Benefits	9 Months Ended
Pensions and Other Employee Benefits	Sep. 30, 2022
Retirement Benefits [Abstract]
Retirement Benefits	10. PENSIONS AND OTHER EMPLOYEE BENEFITS Defined Benefit Plan In January 2022, the Company received consent from its senior lenders to terminate the Retirement Plan of Globalstar, Inc. (the "Pension Plan"). The Pension Plan was frozen, effective October 23, 2003, for participation and benefit accrual purposes. The Pension Plan was settled in August 2022, which resulted in the Company no longer have any remaining pension plan obligations as of September 30, 2022. The total settlement of $7.7 million was paid out through assets held in the Pension Plan and cash, totaling $5.0 million and $2.7 million, respectively, Upon settlement, the Company recorded a pension settlement loss totaling $1.5 million, reflected in Other income (expense) on the Company's condensed consolidated statements of operations during the nine months ended September 30, 2022.

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details

Fair Value Measurements - Nonrecurring Fair Value Measurements (Details)	Mar. 31, 2022	Mar. 09, 2022 $ / shares	Feb. 17, 2022 $ / shares	May 31, 2013
8.00% Convertible Senior Notes Issued in 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loan interest rate	8.00%			8.00%
Risk-Free Interest Rate \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		0.0018	0.0006
Note Conversion Price \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		0.69	0.69
Discount Rate \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		0.19	0.18
Market Price of Common Stock \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		1.21	1.00

Commitment and Contingencies (Details) $ / shares in Units, $ in Millions	1 Months Ended	9 Months Ended
	Feb. 28, 2022 USD ($) satellite	Sep. 30, 2022 $ / shares
Other Commitments [Line Items]
Network capacity to suppress services		0.85
Partnership agreement, loan conversion period		90 days
Partnership agreement, warrants or rights outstanding, percentage of outstanding common stock		0.0264
Exercise price of warrants or rights \| $ / shares		$ 1.01
Number of satellites acquired \| satellite	17
Purchase obligation \| $	$ 327.0
Manufacturing term of contract	3 years
Satellites
Other Commitments [Line Items]
Capital expenditure reimbursement	95.00%

Basis of Presentation (Details) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
Basis of Presentation (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($) gateway	Dec. 31, 2021 USD ($) subscriber	Sep. 07, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Number of gateways \| gateway		10
Asset impairment charges	$ 161,162
Inventory	8,563	$ 8,563	$ 13,829
Reduction in value of long-lived assets and inventory	8,500
Number of subscribers no longer supported \| subscriber			1,800
Reduction in value of equipment and long-lived assets	$ 174,300
Duplex Finished Goods, Chips, and Component Parts
Property, Plant and Equipment [Line Items]
Inventory				$ 6,900
Prepaid inventory, current				$ 1,600

Property and Equipment

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

4. PROPERTY AND EQUIPMENT

Property and equipment consists of the following (in thousands):


	September 30, 2022		December 31, 2021
Globalstar System:
Space component
First and second-generation satellites in service	$	1,262,254	$	1,195,509
Second-generation satellite, on-ground spare	—		32,442
Ground component	79,848		282,268
Construction in progress:
Space component	63,504		16,394
Ground component	16,303		33,998
Other	8,658		4,123
Total Globalstar System	1,430,567		1,564,734
Internally developed and purchased software	22,127		20,823
Equipment	8,002		8,590
Land and buildings	1,662		1,149
Leasehold improvements	2,075		2,088
Total property and equipment	1,464,433		1,597,384
Accumulated depreciation	(931,753)		(925,228)
Total property and equipment, net	$	532,680	$	672,156

Amounts included in "second-generation satellite, on-ground spare" in the table above consist of costs related to one of the Company's second-generation satellites that was stored as an on-ground spare satellite until its launch in June 2022. The costs to prepare this satellite for launch were included in "construction in progress - space component" in the table above prior to its launch. During 2022, $66.7 million in costs associated with the construction and launch of this spare satellite (including capitalized interest) were placed into service. Since this satellite is expected to remain as an in-orbit spare and will only be raised to its operational orbit at a future date if needed, it was placed into service following its successful launch.

In February 2022, the Company entered into an agreement for the purchase of new satellites that will replenish the Company's existing satellite constellation. As of September 30, 2022, the Company recorded $13.5 million as prepaid satellite construction costs and $56.4 million in construction in progress on its consolidated balance sheet. As the Company incurs this construction in progress, it earns the right to receive certain payments from Partner associated with this phase of the Service Agreements as well as certain associated advanced payments under the Service Agreements.

The ground component of construction in progress includes costs incurred for assets to upgrade the Company's ground infrastructure, including costs associated with the procurement of new gateway antennas. During 2022, the Company placed $16.8 million of costs into service associated with these antennas (including capitalized interest), which are included in ground component in the table above. These capital expenditures relate primarily to gateway upgrade work in connection with the Service Agreements.

As discussed in Note 1: Basis of Presentation and Note 7: Fair Value Measurements, the Company evaluated the recoverability of its second-generation Duplex assets on September 7, 2022. This evaluation resulted in the removal of the second-generation Duplex assets from the Company's long-lived asset grouping. The reduction in value of long-lived assets recorded during the third quarter of 2022 totaled $161.2 million. The table below reflects the reduction in value of long-lived assets by each component of Property and equipment, net, and Intangible and other assets, net, previously recorded on the Company's consolidated balance sheets (amounts in thousands, reflected net of accumulated depreciation and amortization, as applicable, prior to their write downs).


	Three months ended September 30, 2022
Property and equipment, net
Ground component	$	154,144
Construction in progress: ground component	5,545
Equipment	202
Total property and equipment, net	$	159,891
Intangible and other assets, net	$	1,271
Total reduction in value of long-lived assets	$	161,162

Long-Term Debt and Other Financing Arrangements - Schedule of Long-term Debt (Details) - USD ($)	Sep. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Nov. 30, 2019	May 31, 2013
Principal Amount
Debt instrument, principal amount outstanding	$ 349,061,000		$ 265,219,000
Debt instrument, face amount, current	63,765,000		0
Debt instruments, face amount, noncurrent	285,296,000		265,219,000
Unamortized Discount and Deferred Financing Costs
Total debt and vendor financing	23,121,000		27,287,000
Debt instrument, unamortized discount, current	0		0
Debt instrument, unamortized discount, noncurrent	23,121,000		27,287,000
Carrying Value
Total debt and vendor financing	325,940,000		237,932,000
Long-term debt, current maturities	63,765,000		0
Long-term debt	262,175,000		237,932,000
2019 Facility Agreement
Principal Amount
Debt instrument, principal amount outstanding	285,296,000		263,812,000	$ 199,000,000.0
Unamortized Discount and Deferred Financing Costs
Total debt and vendor financing	23,121,000		27,287,000
Carrying Value
Total debt and vendor financing	262,175,000		236,525,000
Loan interest rate				13.50%
Vendor financing
Principal Amount
Debt instrument, principal amount outstanding	63,765,000		0
Unamortized Discount and Deferred Financing Costs
Total debt and vendor financing	0		0
Carrying Value
Total debt and vendor financing	63,765,000		0
8.00% Convertible Senior Notes Issued in 2013
Principal Amount
Debt instrument, principal amount outstanding	0		1,407,000		$ 54,600,000
Unamortized Discount and Deferred Financing Costs
Total debt and vendor financing	0		0
Carrying Value
Total debt and vendor financing	$ 0		$ 1,407,000
Loan interest rate		8.00%			8.00%

Property and Equipment - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Feb. 28, 2022	Sep. 30, 2022	Sep. 30, 2022
Property, Plant and Equipment [Line Items]
Satellites placed into service			$ 66,700
Asset impairment charges		$ 161,162
New Gateway Antennas
Property, Plant and Equipment [Line Items]
Property and equipment placed into service			16,800
Satellites
Property, Plant and Equipment [Line Items]
Capital expenditure reimbursement	95.00%
Prepaid satellite construction costs and related customer receivable		13,500	13,500
Construction in progress		56,400	56,400
Accounts receivable, current		11,600	11,600
Accounts receivable, noncurrent		$ 69,600	$ 69,600

Fair Value Measurements - Fair Value and Carrying Value of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	May 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value	$ 325,940		$ 237,932
2013 8.00% Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value	0		1,407
Loan interest rate		8.00%		8.00%
2013 8.00% Notes \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value	0		1,407
2013 8.00% Notes \| Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated Fair Value	$ 0		$ 1,265

- Definition

Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION Globalstar, Inc. (“Globalstar” or the “Company”) provides Mobile Satellite Services (“MSS”) including voice and data communications and wholesale capacity services through its global satellite network. The Company’s only reportable segment is its MSS business. Thermo Companies, through commonly controlled affiliates, (collectively, “Thermo”) is the principal owner and largest stockholder of Globalstar. The Company’s Executive Chairman of the Board controls Thermo. Two other members of the Company's Board of Directors are also directors, officers or minority equity owners of various Thermo entities. The Company has prepared the accompanying unaudited interim condensed consolidated financial statements in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information. Certain information and footnote disclosures normally included in financial statements have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”); however, management believes the disclosures made are adequate to make the information presented not misleading. These financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in the Globalstar Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 25, 2022 (the “2021 Annual Report”). The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from estimates. The Company evaluates estimates on an ongoing basis. The Company has made certain reclassifications to prior period condensed consolidated financial statements to conform to current period presentation. These unaudited interim condensed consolidated financial statements include the accounts of Globalstar and all its subsidiaries. Intercompany transactions and balances have been eliminated in the consolidation. In the opinion of management, the information included herein includes all adjustments, consisting of normal recurring adjustments, that are necessary for a fair presentation of the Company’s condensed consolidated statements of operations, consolidated balance sheets, condensed consolidated statements of stockholders' equity and condensed consolidated statements of cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for the full year or any future period. Recent Developments Service Agreements On September 7, 2022, Apple Inc. (“Partner”) announced new satellite-enabled services for certain of its products (the “Services”). The Company will be the satellite operator for these Services pursuant to the agreement (the “Service Agreement”) first disclosed in the Company’s Form 10-K for the year ended December 31, 2019, and certain related ancillary agreements (such agreements, together with the Service Agreement, the “Service Agreements”). The Services constitute the potential service which was previously described and disclosed as the Terms Agreement. Since execution of the Service Agreements in 2020, the parties have completed several milestones including (i) a feasibility phase, (ii) material upgrades to Globalstar’s ground network, (iii) construction of 10 new gateways around the world, (iv) the successful launch of the ground spare satellite, and (v) rigorous in-field system testing. The Service Agreements generally require Globalstar to allocate network capacity (as described below) to support the Services and provide for the inclusion of Globalstar’s Band 53/n53 in Partner’s cellular-enabled devices that use the Services, for use by third parties, subject to certain terms and conditions. It is currently expected that Partner will make the Services available to customers during the fourth quarter of 2022 (the “Service Launch”). Discontinuation of Second-Generation Duplex Products and Services The Company has been evaluating the continuation of second-generation Duplex services in light of other potential uses for the Company’s capacity, such as those within the Service Agreements. In early 2021, the Company terminated its second-generation Duplex services, which supported approximately 1,800 subscribers, to allow extended testing of the Services to Partner; however, such termination was considered temporary unless or until Partner announced its intent to proceed with launch of the Services. Due to this shift in strategy triggered by Partner's September announcement, the Company evaluated the recoverability of its second-generation Duplex assets, including gateway property, prepaid licenses and royalties, and inventory during the third quarter of 2022. As a result of this shift in strategy, the Company recorded reductions in the value of equipment and long-lived assets totaling $174.3 million during the third quarter of 2022 (refer to Note 7: Fair Value Measurements for further discussion). The Company will continue to support first-generation Duplex services, including voice communications and data transmissions. Refer to Note 2: Revenue, Note 3: Leases, Note 4: Property and Equipment and Note 8: Commitments and Contingencies for further discussion of the financial statement impact of the Service Agreements.

Loss Per Share - Schedule of Basic and Diluted (Loss) Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net loss	$ (204,361)	$ (26,757)	$ (20,462)	$ (30,885)	$ (21,449)	$ (36,333)	$ (251,580)	$ (88,667)
Weighted average shares outstanding, basic (in shares)	1,800,504			1,793,144			1,799,364	1,755,362
Weighted average shares outstanding, diluted (in shares)	1,800,504			1,793,144			1,799,364	1,755,362
Net loss per common share - basic (in dollars per share)	$ (0.11)			$ (0.02)			$ (0.14)	$ (0.05)
Net loss per common share - diluted (in dollars per share)	$ (0.11)			$ (0.02)			$ (0.14)	$ (0.05)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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+ Details

- Definition

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

+ References

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+ Details

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Deficit
Beginning balance (in shares) at Dec. 31, 2020		1,674,669
Beginning balance at Dec. 31, 2020	$ 423,065	$ 167	$ 2,096,566	$ (2,944)	$ (1,670,724)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net issuance of restricted stock awards and stock for employee stock options and recognition of stock-based compensation (in shares)		1,998
Net issuance of restricted stock awards and stock for employee stock options and recognition of stock-based compensation	1,932		1,932
Contribution of services	47		47
Recognition of stock-based compensation of employee stock purchase plan	79		79
Issuance of stock for warrant exercises (in shares)		115,036
Issuance of stock for warrant exercises	43,678	$ 12	43,666
Other comprehensive income (loss)	3,242			3,242
Net loss	(36,333)				(36,333)
Ending balance (in shares) at Mar. 31, 2021		1,791,703
Ending balance at Mar. 31, 2021	435,710	$ 179	2,142,290	298	(1,707,057)
Beginning balance (in shares) at Dec. 31, 2020		1,674,669
Beginning balance at Dec. 31, 2020	423,065	$ 167	2,096,566	(2,944)	(1,670,724)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(88,667)
Ending balance (in shares) at Sep. 30, 2021		1,793,307
Ending balance at Sep. 30, 2021	385,125	$ 179	2,144,012	325	(1,759,391)
Beginning balance (in shares) at Mar. 31, 2021		1,791,703
Beginning balance at Mar. 31, 2021	435,710	$ 179	2,142,290	298	(1,707,057)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net issuance of restricted stock awards and stock for employee stock options and recognition of stock-based compensation (in shares)		173
Net issuance of restricted stock awards and stock for employee stock options and recognition of stock-based compensation	576		576
Contribution of services	47		47
Net issuance of stock through employee stock purchase plan and recognition of stock-based compensation (in shares)		1,187
Net issuance of stock through employee stock purchase plan and recognition of stock-based compensation	406		406
Other comprehensive income (loss)	(3,158)			(3,158)
Net loss	(21,449)				(21,449)
Ending balance (in shares) at Jun. 30, 2021		1,793,063
Ending balance at Jun. 30, 2021	412,132	$ 179	2,143,319	(2,860)	(1,728,506)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net issuance of restricted stock awards and stock for employee stock options and recognition of stock-based compensation (in shares)		244
Net issuance of restricted stock awards and stock for employee stock options and recognition of stock-based compensation	544		544
Contribution of services	47		47
Recognition of stock-based compensation of employee stock purchase plan	102		102
Other comprehensive income (loss)	3,185			3,185
Net loss	(30,885)				(30,885)
Ending balance (in shares) at Sep. 30, 2021		1,793,307
Ending balance at Sep. 30, 2021	385,125	$ 179	2,144,012	325	(1,759,391)
Beginning balance (in shares) at Dec. 31, 2021		1,796,529
Beginning balance at Dec. 31, 2021	365,431	$ 180	2,146,710	1,890	(1,783,349)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net issuance of restricted stock awards and stock for employee stock options and recognition of stock-based compensation (in shares)		703
Net issuance of restricted stock awards and stock for employee stock options and recognition of stock-based compensation	2,230		2,230
Contribution of services	47		47
Recognition of stock-based compensation of employee stock purchase plan	117		117
Common stock issued in connection with conversion of 2013 8.00% Notes (in shares)		2,253
Common stock issued in connection with conversion of 2013 8.00% Notes	2,548		2,548
Other comprehensive income (loss)	(679)			(679)
Net loss	(20,462)				(20,462)
Ending balance (in shares) at Mar. 31, 2022		1,799,485
Ending balance at Mar. 31, 2022	349,232	$ 180	2,151,652	1,211	(1,803,811)
Beginning balance (in shares) at Dec. 31, 2021		1,796,529
Beginning balance at Dec. 31, 2021	365,431	$ 180	2,146,710	1,890	(1,783,349)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(251,580)
Ending balance (in shares) at Sep. 30, 2022		1,800,523
Ending balance at Sep. 30, 2022	135,580	$ 180	2,155,117	15,212	(2,034,929)
Beginning balance (in shares) at Mar. 31, 2022		1,799,485
Beginning balance at Mar. 31, 2022	349,232	$ 180	2,151,652	1,211	(1,803,811)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net issuance of restricted stock awards and stock for employee stock options and recognition of stock-based compensation (in shares)		546
Net issuance of restricted stock awards and stock for employee stock options and recognition of stock-based compensation	879		879
Contribution of services	47		47
Net issuance of stock through employee stock purchase plan and recognition of stock-based compensation (in shares)		446
Net issuance of stock through employee stock purchase plan and recognition of stock-based compensation	617		617
Other comprehensive income (loss)	5,315			5,315
Net loss	(26,757)				(26,757)
Ending balance (in shares) at Jun. 30, 2022		1,800,477
Ending balance at Jun. 30, 2022	329,333	$ 180	2,153,195	6,526	(1,830,568)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net issuance of restricted stock awards and stock for employee stock options and recognition of stock-based compensation (in shares)		46
Net issuance of restricted stock awards and stock for employee stock options and recognition of stock-based compensation	1,815		1,815
Contribution of services	47		47
Recognition of stock-based compensation of employee stock purchase plan	60		60
Other comprehensive income (loss)	8,686			8,686
Net loss	(204,361)				(204,361)
Ending balance (in shares) at Sep. 30, 2022		1,800,523
Ending balance at Sep. 30, 2022	$ 135,580	$ 180	$ 2,155,117	$ 15,212	$ (2,034,929)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Lessee, Lease, Description [Line Items]
Finance lease, interest expense	$ 0.1	$ 0.1	$ 0.1	$ 0.1
Operating cash flows from finance leases (less than)			0.1	$ 0.1
Gateway Sites
Lessee, Lease, Description [Line Items]
Expected future lease liability	$ 4.7		$ 4.7

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of financial liabilities measured at fair value on recurring basis

The following tables provide a summary of the assets and liabilities measured at fair value on a recurring basis (in thousands):


	September 30, 2022
	(Level 1)		(Level 2)		(Level 3)		Total Balance
Liabilities:
Compound embedded derivative with the 2019 Facility Agreement	$	—	$	—	$	(798)	$	(798)
Total liabilities measured at fair value	$	—	$	—	$	(798)	$	(798)


	December 31, 2021
	(Level 1)		(Level 2)		(Level 3)		Total Balance
Assets:
Compound embedded derivative with the 2019 Facility Agreement	$	—	$	—	$	484	$	484
Total assets measured at fair value	$	—	$	—	$	484	$	484

Liabilities:
Compound embedded derivative with the 2013 8.00% Notes	$	—	$	—	$	(1,364)	$	(1,364)


Total liabilities measured at fair value	$	—	$	—	$	(1,364)	$	(1,364)

Schedule of significant quantitative Level 3 inputs utilized

The significant quantitative Level 3 inputs utilized in the valuation model are shown in the table below:


	December 31, 2021
	Stock Price Volatility	Risk-Free Interest Rate		Note Conversion Price	Discount Rate		Market Price of Common Stock
Compound embedded derivative with the 2013 8.00% Notes	120% - 139%	0.5	%	$0.69	18	%	$1.16

The significant quantitative Level 3 inputs utilized in the valuation models as of the conversion date are shown in the table below:


	February 17, 2022
	Risk-Free Interest Rate		Note Conversion Price	Discount Rate		Market Price of Common Stock
Compound embedded derivative with the 2013 8.00% Notes	0.06	%	$0.69	18	%	$1.00


	March 9, 2022
	Risk-Free Interest Rate		Note Conversion Price	Discount Rate		Market Price of Common Stock
Compound embedded derivative with the 2013 8.00% Notes	0.18	%	$0.69	19	%	$1.21

Schedule of rollforward of assets and liabilities measured at fair value

The following table presents a rollforward for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands):


Balance at beginning of period, January 1, 2022 and 2021, respectively	$	(880)	$	163
Derivative adjustment related to conversions	1,148		—
Unrealized loss, included in derivative loss	(1,066)		(1,043)
Balance at end of period, September 30, 2022 and December 31, 2021, respectively	$	(798)	$	(880)

Schedule of carrying values and estimated fair values of debt instruments

The following table sets forth the carrying value and estimated fair value of the Company's Level 3 financial instrument (in thousands):


	September 30, 2022				December 31, 2021
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value

2013 8.00% Notes	$	—	$	—	$	1,407	$	1,265

Asset impairment charges, including prepaid licenses and royalties

During 2022, the Company wrote down the value of certain assets as reflected in the table below (in thousands).


	Reduction in the Value of Assets
	Three Months Ended		Nine Months Ended
	September 30, 2022
Prepaid and other current assets
Prepaid licenses and royalties (1)	$	183	$	183
Intangible and other assets, net
Prepaid licenses and royalties (1)	4,514		4,514
Internally developed technology and software (2)	1,271		1,271
Spectrum intangible assets (3)	142		667
Property and equipment, net (2)	159,891		159,891
Grand Total	$	166,001	$	166,526

(1).While developing its second-generation Duplex products and services, the Company signed various licensing and royalty agreements necessary for the manufacture and distribution of such products and services. These prepayments were classified as either current or non-current based on the estimated portion of expense to be recognized over the next twelve months. As of September 7, 2022, approximately $0.2 million and $4.5 million, respectively, was recorded in Prepaid and other current assets and Intangible and other assets, net, on the Company's consolidated balance sheets. On September 7, 2022, these prepaid assets were no longer considered recoverable. The Company recorded a reduction in value of long-lived assets on its condensed consolidated statements of operations for the amount shown in the table above during the third quarter of 2022.

(2).During 2018 and 2019, the Company placed into service second-generation ground Duplex assets (including associated developed technology and software upgrades) which represented the gateways capable of providing commercial traffic to support Sat-Fi2®. Additionally, the Company recorded certain costs in construction in progress for spare software associated with the second-generation Duplex assets. On September 7, 2022, the Company re-assessed its asset grouping for long-lived assets and determined that the second-generation Duplex assets are no longer part of the Company's overall satellite and ground network. These second-generation Duplex assets will no longer provide future cash flows to the Company. As of September 7, 2022, approximately $1.3 million was recorded in Intangible and other assets, net, and $159.9 million was recorded in Property and equipment, net. The Company recorded a reduction in value of long-lived assets on its condensed consolidated statements of operations for the amount shown in the table above during the third quarter of 2022. (3).During the second and third quarters of 2022, the Company wrote off approximately $0.5 million and $0.1 million, respectively, of work in progress associated with its spectrum intangible assets, previously recorded in Intangible and other assets, net, on its consolidated balance sheets. The work in progress was related to efforts to obtain spectrum licensing authority in certain countries around the world; during the second and third quarters of 2022, the Company determined that it would not continue pursing such authorities in these countries and recorded a reduction in the value of long-lived assets in its condensed consolidated statements of operations during the nine months ended September 30, 2022.

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical)	Mar. 31, 2022	May 31, 2013
8.00% Convertible Senior Notes Issued in 2013
Loan interest rate	8.00%	8.00%

Property and Equipment - Reduction in Value of Long-Lived Assets (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, net	$ 159,891	$ 159,891
Asset impairment charges	161,162
Developed Technology
Property, Plant and Equipment [Line Items]
Impairment of intangible assets (excluding goodwill)	1,271	$ 1,271
Ground component
Property, Plant and Equipment [Line Items]
Property and equipment, net	154,144
Ground component \| Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, net	5,545
Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, net	$ 202

Derivatives - Schedule of Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	May 31, 2013
Compound Embedded Derivative With The Second Lien Facility Agreement
Derivative Liability, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative asset			$ 484
Derivative liability	$ (798)
Compound embedded derivative with the 2013 8.00% Notes
Derivative Liability, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative liability	$ 0		$ (1,364)
8.00% Convertible Senior Notes Issued in 2013
Derivative Liability, Fair Value, Amount Not Offset Against Collateral [Abstract]
Loan interest rate		8.00%		8.00%

Fair Value Measurements - Recurring Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Mar. 31, 2022	Mar. 09, 2022	Feb. 17, 2022	Dec. 31, 2021	May 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value					$ 484
Total liabilities measured at fair value	$ (798)				(1,364)
2019 Facility Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Embedded derivative asset					484
Embedded derivative liability	(798)
Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Embedded derivative liability			$ (800)	$ (800)	(1,364)
(Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value					0
Total liabilities measured at fair value	0				0
(Level 1) \| 2019 Facility Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Embedded derivative asset					0
Embedded derivative liability	0
(Level 1) \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Embedded derivative liability					0
(Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value					0
Total liabilities measured at fair value	0				0
(Level 2) \| 2019 Facility Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Embedded derivative asset					0
Embedded derivative liability	0
(Level 2) \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Embedded derivative liability					0
(Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value					484
Total liabilities measured at fair value	(798)				(1,364)
(Level 3) \| 2019 Facility Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Embedded derivative asset					484
Embedded derivative liability	$ (798)
(Level 3) \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Embedded derivative liability					$ (1,364)
8.00% Convertible Senior Notes Issued in 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loan interest rate		8.00%				8.00%

Fair Value Measurements - Schedule of Asset Impairment Including Prepaid Licenses And Royalties (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2022	Sep. 07, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Prepaid licenses and royalties	$ 183		$ 183
Property and equipment, net	159,891		159,891
Grand Total	166,001		166,526
Prepaid expenses and other current assets	13,085		13,085		$ 19,558
Intangible and other assets, net	36,293		36,293		41,036
Property and equipment, net	532,680		532,680		$ 672,156
Second Generation Duplex Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Property and equipment, net				$ 159,900
Prepaid Licenses And Royalties
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Intangible and other assets, net	4,514		4,514
Prepaid expenses and other current assets				200
Intangible and other assets, net				4,500
Developed Technology
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Intangible and other assets, net	1,271		1,271
Spectrum Intangible Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Intangible and other assets, net	142		$ 667
Second Generation Duplex Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Intangible and other assets, net				$ 1,300
Work In Progress, Spectrum Intangible Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Intangible and other assets, net	$ 100	$ 500

Derivatives (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair values of derivative instruments

The following table discloses the fair values of the derivative instruments on the Company’s consolidated balance sheets (in thousands):


	September 30, 2022		December 31, 2021
Derivative (liabilities) assets:
Compound embedded derivative with the 2019 Facility Agreement	$	(798)	$	484
Compound embedded derivative with the 2013 8.00% Notes	$	—	(1,364)

Schedule of derivative gains

The following table discloses the changes in value recorded as derivative gain (loss) in the Company’s condensed consolidated statement of operations (in thousands):


	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Compound embedded derivative with the 2013 8.00% Notes	$	—	$	284	$	216	$	(2,537)
Compound embedded derivative with the 2019 Facility Agreement	662		(55)		(1,282)		327
Total derivative gain (loss)	$	662	$	229	$	(1,066)	$	(2,210)

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$ 3,675	$ 3,420

Fair Value Measurements

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

7. FAIR VALUE MEASUREMENTS

The Company follows the authoritative guidance for fair value measurements relating to financial and non-financial assets and liabilities, including presentation of required disclosures herein. This guidance establishes a fair value framework requiring the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets and liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities.

Level 2: Quoted prices in markets that are not active or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability.

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).

The Company's derivatives are classified as Level 3. The Company marks-to-market its derivatives at each reporting date, or more frequently as deemed necessary, with the changes in fair value recognized in the Company’s condensed consolidated statements of operations. During the first quarter of 2022, the remaining principal amount of the 2013 8.00% Notes was converted into shares of Globalstar common stock; accordingly, the associated derivative is no longer outstanding See Note 5: Long-Term Debt and Other Financing Arrangements and Note 6: Derivatives for further discussion.

Recurring Fair Value Measurements

The following tables provide a summary of the assets and liabilities measured at fair value on a recurring basis (in thousands):


	September 30, 2022
	(Level 1)		(Level 2)		(Level 3)		Total Balance
Liabilities:
Compound embedded derivative with the 2019 Facility Agreement	$	—	$	—	$	(798)	$	(798)
Total liabilities measured at fair value	$	—	$	—	$	(798)	$	(798)


	December 31, 2021
	(Level 1)		(Level 2)		(Level 3)		Total Balance
Assets:
Compound embedded derivative with the 2019 Facility Agreement	$	—	$	—	$	484	$	484
Total assets measured at fair value	$	—	$	—	$	484	$	484

Liabilities:
Compound embedded derivative with the 2013 8.00% Notes	$	—	$	—	$	(1,364)	$	(1,364)


Total liabilities measured at fair value	$	—	$	—	$	(1,364)	$	(1,364)

2013 8.00% Notes

The significant quantitative Level 3 inputs utilized in the valuation model are shown in the table below:


	December 31, 2021
	Stock Price Volatility	Risk-Free Interest Rate		Note Conversion Price	Discount Rate		Market Price of Common Stock
Compound embedded derivative with the 2013 8.00% Notes	120% - 139%	0.5	%	$0.69	18	%	$1.16

Fluctuation in the Company’s stock price and stock price volatility were significant drivers of the change in the compound embedded derivative with the 2013 8.00% Notes. Increases in these inputs resulted in a higher fair value measurement.

2019 Facility Agreement

The compound embedded derivative with the 2019 Facility Agreement is valued using a probability weighted discounted cash flow model. The most significant observable input used in the fair value measurement is the discount yield, which was 22% and 13% at September 30, 2022 and December 31, 2021, respectively. When the discount yield utilized in the valuation is higher than the blended interest rate of the underlying debt, the features embedded in the underlying debt result in a liability for the Company. Conversely, when the discount yield is lower than the blended interest rate of the underlying debt, the features embedded in the underlying debt result in an asset for the Company. The unobservable inputs used in the fair value measurement include the probability of change of control and the estimated timing and amounts of cash flows associated with certain mandatory prepayments within the debt agreement. As the expected timing and amount of prepayments decrease, the fair value of the embedded derivative also decrease. During the third quarter of 2022, the Company's expected probability of refinancing the 2019 Facility Agreement increased and therefore the fair value of the embedded derivative reduced. See Note 5: Long-Term Debt and Other Financing Arrangements for further discussion.

Rollforward of Recurring Level 3 Assets and Liabilities

The following table presents a rollforward for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands):


Balance at beginning of period, January 1, 2022 and 2021, respectively	$	(880)	$	163
Derivative adjustment related to conversions	1,148		—
Unrealized loss, included in derivative loss	(1,066)		(1,043)
Balance at end of period, September 30, 2022 and December 31, 2021, respectively	$	(798)	$	(880)

Fair Value of Debt Instruments and Vendor Financing

The Company believes it is not practicable to determine the fair value of the 2019 Facility Agreement without incurring significant additional costs. Unlike typical long-term debt, certain terms for this instrument are not readily available and generally involve a variety of factors, including due diligence by the debt holders. The Company's vendor financing arrangement is recorded at net carrying value, which approximates fair value. As previously disclosed, the remaining principal amount of the 2013 8.00% Notes was converted into shares of Globalstar common stock during 2022; accordingly, there is no value in the table below as of September 30, 2022. The following table sets forth the carrying value and estimated fair value of the Company's Level 3 financial instrument (in thousands):


	September 30, 2022				December 31, 2021
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value

2013 8.00% Notes	$	—	$	—	$	1,407	$	1,265

See Note 5: Long-Term Debt and Other Financing Arrangements for further discussion of the Company's debt instruments.

Nonrecurring Fair Value Measurements

The Company follows the authoritative guidance regarding non-financial assets and liabilities that are remeasured at fair value on a nonrecurring basis.

Derivative Liabilities

On February 17, 2022 and March 9, 2022, the remaining principal balance of the 2013 8.00% Notes was converted into shares of Globalstar common stock, eliminating the principal balance outstanding. See further discussion in Note 5: Long-Term Debt and Other Financing Arrangements. As a result of the conversion, the Company wrote off the proportionate fair value of the compound embedded derivative liability with the 2013 8.00% Notes based on the value of the derivative on each conversion date. As of each conversion date, the fair value of the compound embedded derivative liability with the 2013 8.00% Notes was $0.8 million. The significant quantitative Level 3 inputs utilized in the valuation models as of the conversion date are shown in the table below:


	February 17, 2022
	Risk-Free Interest Rate		Note Conversion Price	Discount Rate		Market Price of Common Stock
Compound embedded derivative with the 2013 8.00% Notes	0.06	%	$0.69	18	%	$1.00


	March 9, 2022
	Risk-Free Interest Rate		Note Conversion Price	Discount Rate		Market Price of Common Stock
Compound embedded derivative with the 2013 8.00% Notes	0.18	%	$0.69	19	%	$1.21

Prepaid and Other Current Assets, Intangible and Other Assets and Long-Lived Assets

Prepaid and other current assets, intangible and other assets and long-lived assets are reviewed for impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. During 2022, the Company wrote down the value of certain assets as reflected in the table below (in thousands).


	Reduction in the Value of Assets
	Three Months Ended		Nine Months Ended
	September 30, 2022
Prepaid and other current assets
Prepaid licenses and royalties (1)	$	183	$	183
Intangible and other assets, net
Prepaid licenses and royalties (1)	4,514		4,514
Internally developed technology and software (2)	1,271		1,271
Spectrum intangible assets (3)	142		667
Property and equipment, net (2)	159,891		159,891
Grand Total	$	166,001	$	166,526

- 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

Derivatives

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

6. DERIVATIVES

The Company has identified various embedded derivatives resulting from certain features in the Company’s existing borrowing arrangements, requiring recognition on its consolidated balance sheets. None of these derivative instruments are designated as a hedge. The following table discloses the fair values of the derivative instruments on the Company’s consolidated balance sheets (in thousands):


	September 30, 2022		December 31, 2021
Derivative (liabilities) assets:
Compound embedded derivative with the 2019 Facility Agreement	$	(798)	$	484
Compound embedded derivative with the 2013 8.00% Notes	$	—	(1,364)

As of September 30, 2022 and December 31, 2021, the derivative (liability) asset recorded for the Compound embedded derivative with the 2019 Facility Agreement was reflected in Other non-current liabilities and Intangible and other assets, net, respectively, on the Company's consolidated balance sheets. During the first quarter of 2022, the remaining principal amount of the 2013 8.00% Notes was converted into shares of Globalstar common stock; accordingly, the associated derivative is no longer outstanding.

The following table discloses the changes in value recorded as derivative gain (loss) in the Company’s condensed consolidated statement of operations (in thousands):


	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Compound embedded derivative with the 2013 8.00% Notes	$	—	$	284	$	216	$	(2,537)
Compound embedded derivative with the 2019 Facility Agreement	662		(55)		(1,282)		327
Total derivative gain (loss)	$	662	$	229	$	(1,066)	$	(2,210)

The fair value of each embedded derivative is marked-to-market at the end of each reporting period, or more frequently as deemed necessary, with any changes in value reported in its condensed consolidated statements of operations and its condensed consolidated statements of cash flows as an operating activity. The Company classifies its derivatives consistent with the classification of the underlying debt on the Company's consolidated balance sheet. See Note 7: Fair Value Measurements for further discussion.

Derivatives - Schedule of Derivative Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Mar. 31, 2022	May 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gain (loss)	$ 662	$ 229	$ (1,066)	$ (2,210)
Compound embedded derivative with the 2013 8.00% Notes
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gain (loss)	0	284	216	(2,537)
Compound embedded derivative with the 2019 Facility Agreement
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gain (loss)	$ 662	$ (55)	$ (1,282)	$ 327
8.00% Convertible Senior Notes Issued in 2013
Derivative Instruments, Gain (Loss) [Line Items]
Loan interest rate					8.00%	8.00%

Fair Value Measurements - Rollforward of Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balances at beginning of period	$ (880)	$ 163
Derivative adjustment related to conversions	1,148	0
Unrealized loss, included in derivative loss	(1,066)	(1,043)
Balances at ending of period	$ (798)	$ (880)

Leases - Maturity Analysis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Operating Leases
2022 (remaining)	$ 1,180
2023	4,775
2024	4,649
2025	4,677
2026	4,724
Thereafter	21,584
Total lease payments	41,589
Imputed interest	(13,329)
Discounted lease liability	28,260	$ 31,738
Finance Leases
2022 (remaining)	8
2023	25
2024	23
2025	23
2026	23
Thereafter	15
Total lease payments	117
Imputed interest	(25)
Discounted lease liability	$ 92	$ 9

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 14,749	$ 14,304
Accounts receivable, net of allowance for credit losses of $2,923 and $2,962, respectively	29,594	21,182
Inventory	8,563	13,829
Prepaid expenses and other current assets	13,085	19,558
Total current assets	65,991	68,873
Property and equipment, net	532,680	672,156
Operating lease right of use assets, net	28,396	32,041
Prepaid satellite construction costs and related customer receivable	83,178	0
Intangible and other assets, net of accumulated amortization of $10,633 and $11,189, respectively	36,293	41,036
Total assets	746,538	814,106
Current liabilities:
Accounts payable	1,867	6,247
Vendor financing	63,765	0
Accrued expenses	28,048	28,947
Payables to affiliates	142	444
Deferred revenue	53,121	25,927
Total current liabilities	146,943	61,565
Long-term debt	262,175	237,932
Operating lease liabilities	25,796	29,237
Deferred revenue, net	171,651	112,054
Other non-current liabilities	4,393	7,887
Total non-current liabilities	464,015	387,110
Commitments and contingencies (Note 8)
Stockholders’ equity:
Preferred Stock	0	0
Additional paid-in capital	2,155,117	2,146,710
Accumulated other comprehensive income	15,212	1,890
Retained deficit	(2,034,929)	(1,783,349)
Total stockholders’ equity	135,580	365,431
Total liabilities and stockholders’ equity	746,538	814,106
Series A Preferred Convertible Stock
Stockholders’ equity:
Preferred Stock	0	0
Voting Common Stock
Stockholders’ equity:
Common Stock	$ 180	$ 180
Common stock, shares authorized (in shares)	2,150,000,000	2,150,000,000
Nonvoting Common Stock
Stockholders’ equity:
Common Stock	$ 0	$ 0
Common stock, shares authorized (in shares)	0	0

Long-Term Debt and Other Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt and vendor financing consists of the following (in thousands):


	September 30, 2022						December 31, 2021
	Principal Amount		Unamortized Discount and Deferred Financing Costs		Carrying Value		Principal Amount		Unamortized Discount and Deferred Financing Costs		Carrying Value
2019 Facility Agreement	$	285,296	$	23,121	$	262,175	$	263,812	$	27,287	$	236,525
Vendor financing	63,765		—		63,765		—		—		—
8.00% Convertible Senior Notes Issued in 2013	—		—		—		1,407		—		1,407
Total debt and vendor financing	$	349,061	$	23,121	$	325,940	$	265,219	$	27,287	$	237,932
Less: current portion	63,765		—		63,765		—		—		—
Long-term debt and vendor financing	$	285,296	$	23,121	$	262,175	$	265,219	$	27,287	$	237,932

- 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.

+ References

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+ Details

Fair Value Measurements - Narrative (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 07, 2022 USD ($)	Mar. 31, 2022	Mar. 09, 2022 USD ($)	Feb. 17, 2022 USD ($)	Dec. 31, 2021 USD ($)	May 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Inventory	$ 8,563					$ 13,829
Cost of subscriber equipment sales - reduction in the value of inventory	$ 8,500
Duplex Finished Goods, Chips, and Component Parts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Inventory		$ 6,900
Prepaid inventory, current		$ 1,600
8.00% Convertible Senior Notes Issued in 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loan interest rate			8.00%				8.00%
Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Embedded derivative liability				$ 800	$ 800	$ 1,364
Discount Rate \| Compound Embedded Derivative With Second Lien Facility Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, measurement input	0.22					0.13
Discount Rate \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, measurement input						0.18

Revenue

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue

2. REVENUE

Disaggregation of Revenue

The following table discloses revenue disaggregated by type of product and service (amounts in thousands):


	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Service revenue:
Subscriber services
Duplex	$	9,021	$	9,632	$	22,103	$	23,530
SPOT	11,753		11,873		34,544		33,996
Commercial IoT	4,673		4,458		14,381		13,443
Wholesale capacity services (1)	6,972		1,301		22,640		3,999
Engineering and other services	882		584		2,025		1,583
Total service revenue	33,301		27,848		95,693		76,551

Subscriber equipment sales:
Duplex	$	15	$	265	$	288	$	889
SPOT	1,558		2,619		4,707		6,764
Commercial IoT	2,713		1,841		6,427		5,452
Other	39		41		83		166
Total subscriber equipment sales	4,325		4,766		11,505		13,271

Total revenue	$	37,626	$	32,614	$	107,198	$	89,822

As consideration for the services to be provided by Globalstar after the Service Launch, Partner will make payments to Globalstar under the Service Agreements, including a recurring service fee, payments relating to certain service-related operating expenses and capital expenditures, and potential bonus payments subject to satisfaction of certain licensing, service and related criteria. Additionally, following the launch of the next-generation satellites being constructed pursuant to the satellite procurement agreement, Partner has agreed to make additional service payments equal to (i) 95% of the approved capital expenditures under the satellite procurement agreement and related launch costs (to be paid on a straight-line basis over the useful life of the satellites); (ii) certain costs of the Company’s borrowings related to the new satellites; and (iii) other approved costs.

The Company attributes equipment revenue to various countries based on the location where equipment is sold. Service revenue is generally attributed to the various countries based on the Globalstar entity that holds the customer contract. The following table discloses revenue disaggregated by geographical market (amounts in thousands):


	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Service revenue:
United States	$	24,250	$	19,677	$	71,413	$	54,348
Canada	5,288		5,236		13,105		13,442
Europe	1,737		2,039		4,891		5,607
Central and South America	1,898		996		5,882		2,592
Others	128		(100)		402		562
Total service revenue	$	33,301	$	27,848	$	95,693	$	76,551

Subscriber equipment sales:
United States	$	2,034	$	3,130	$	5,817	$	7,740
Canada	1,634		563		3,311		2,430
Europe	231		505		1,176		1,511
Central and South America	420		546		1,177		1,538
Others	6		22		24		52
Total subscriber equipment sales	$	4,325	$	4,766	$	11,505	$	13,271

Total revenue	$	37,626	$	32,614	$	107,198	$	89,822

Accounts Receivable

The Company records trade accounts receivable from its customers, including MSS subscribers and Partner under the Service Agreements, when it has a contractual right to receive payment either on demand or on fixed or determinable dates in the future. In addition to receivables arising from the sale of goods or services, the Company also has certain arrangements whereby it acts as an agent to procure goods and perform services on behalf of Partner under the Service Agreements.


	As of:
	September 30, 2022		December 31, 2021
Accounts receivable, net of allowance for credit losses
Subscriber accounts receivable	$	13,954	$	12,825
Wholesale capacity accounts receivable	12,727		1,861
Agency agreement accounts receivable	2,913		6,496
Total accounts receivable, net of allowance for credit losses	$	29,594	$	21,182
Long-term wholesale capacity accounts receivable	69,646		—
Total accounts receivable (short-term and long-term), net of allowance for credit losses	$	99,240	$	21,182

Contract Liabilities

Contract liabilities, which are included in deferred revenue on the Company’s consolidated balance sheet, represent the Company’s obligation to transfer service or equipment to a customer from whom it has previously received consideration. Contract liabilities reflect balances from its customers, including MSS subscribers and the Partner under the Service

Agreements. The Company's contract liabilities by type and classification are presented in the table below (amounts in thousands).


	As of:
	September 30, 2022		December 31, 2021
Short-term contract liabilities
Subscriber contract liabilities	$	23,212	$	24,940
Wholesale capacity contract liabilities	29,909		987
Total short-term contract liabilities	$	53,121	$	25,927
Long-term contract liabilities
Subscriber contract liabilities	$	1,669	$	1,783
Wholesale capacity contract liabilities, net of contract asset	169,982		110,271
Total long-term contract liabilities	$	171,651	$	112,054
Total contract liabilities	$	224,772	$	137,981

For subscriber contract liabilities, the amount of revenue recognized during the nine months ended September 30, 2022 and 2021 from performance obligations included in the contract liability balance at the beginning of these periods was $22.8 million and $23.8 million, respectively. For wholesale capacity contract liabilities, the amount of revenue recognized during the nine months ended September 30, 2022 and 2021 from performance obligations included in the contract liability balance at the beginning of these periods was less than $0.1 million and zero, respectively.

The duration of the Company’s contracts with subscribers is generally one year or less. As of September 30, 2022, the Company expects to recognize $23.2 million, or approximately 93%, of its remaining performance obligations during the next twelve months. The term of the Company's wholesale capacity contract with its Partner under the Service Agreements is indefinite; therefore, the related contract liabilities may be recognized into revenue over various periods driven by the expected related service or recoupment periods. As of September 30, 2022, the Company expects to recognize $29.9 million, or approximately 15%, of its remaining performance obligations during the next twelve months.

The components of wholesale capacity contract liabilities are presented in the table below (amounts in thousands).


	As of:
	September 30, 2022		December 31, 2021
Wholesale capacity contract liabilities, net:
Advanced payments for services expected to be performed with the second-generation satellite constellation during Phase 1 (1)	$	99,405	$	96,362
Advanced payments for services expected to be performed with the recently launched ground spare satellite during Phases 1 and 2	25,652		16,981
Advanced payments (both received and contractually owed) for services expected to be performed with the next-generation satellite constellation during Phase 2	78,151		—
Contract asset	(3,317)		(2,085)
Wholesale capacity contract liabilities, net	$	199,891	$	111,258

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI https://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

Long-Term Debt and Other Financing Arrangements - Narrative (Details) $ / shares in Units, $ in Thousands, shares in Millions		1 Months Ended				2 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2022 USD ($)	Nov. 30, 2022 USD ($)	Nov. 30, 2022	Aug. 31, 2022 USD ($)	Feb. 28, 2022	Mar. 31, 2022 USD ($) shares	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Oct. 28, 2022 payment	Dec. 31, 2021 USD ($)	Apr. 30, 2020 USD ($)	Nov. 30, 2019 USD ($)	May 31, 2013 USD ($) $ / shares
Debt Instrument [Line Items]
Debt instrument, principal amount outstanding									$ 349,061			$ 265,219
Vendor financing									63,765			0
Purchase obligation, interest rate					0.00%
Interest expense, vendor financing									200
Interest rate, payable in cash															5.75%
Interest rate, payable in additional notes															2.25%
Subsequent Event
Debt Instrument [Line Items]
Purchase obligation, interest rate			7.00%
Repayment of vendor financing, number of payments \| payment											2
Repayment of vendor financing	$ 7,000
Subsequent Event \| Forecast
Debt Instrument [Line Items]
Repayment of vendor financing		$ 7,000
2019 Facility Agreement
Debt Instrument [Line Items]
Debt instrument, principal amount outstanding									285,296			263,812		$ 199,000
Loan interest rate														13.50%
Repayments of credit facility				$ 6,300					6,341	$ 0
8.00% Convertible Senior Notes Issued in 2013
Debt Instrument [Line Items]
Debt instrument, principal amount outstanding									0			$ 1,407			$ 54,600
Loan interest rate						8.00%									8.00%
Debt conversion, original debt, amount						$ 1,400
Debt conversion, converted instrument, shares issued (in shares) \| shares						2.3
Loan agreement, conversion price (in dollars per share) \| $ / shares															$ 0.69
Payroll Protection Program Loan, CARES Act
Debt Instrument [Line Items]
Debt instrument, principal amount outstanding													$ 5,000
2009 Facility Agreement
Debt Instrument [Line Items]
Repayments of credit facility									$ 0	$ 126,664
Deferred financing costs							$ 800	$ 2,300

Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of reconciliation of basic weighted average share to diluted weighted average common shares outstanding



	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Net loss	$	(204,361)	$	(30,885)	$	(251,580)	$	(88,667)
Weighted average shares outstanding	1,800,504		1,793,144		1,799,364		1,755,362
Net loss per common share - basic and diluted	$	(0.11)	$	(0.02)	$	(0.14)	$	(0.05)

Loss Per Share - Narrative (Details) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022 $ / shares shares	Sep. 30, 2021 shares	Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2021 shares
Earnings Per Share [Abstract]
Shares of potential common stock excluded from diluted shares outstanding (in shares)	9.4	11.0	8.8	10.2
Partnership agreement, warrants or rights outstanding, percentage of outstanding common stock			0.0264
Exercise price of warrants or rights \| $ / shares	$ 1.01		$ 1.01
Class of warrant or right, unissued	49.1		49.1
Class of warrant or right, potential proceeds from future exercise \| $			$ 49.8

Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Schedule of lease assets and liabilities

The following tables disclose the components of the Company’s finance and operating leases (amounts in thousands):


	As of:
	September 30, 2022		December 31, 2021
Operating leases:
Right-of-use asset, net	$	28,396	$	32,041

Short-term lease liability (recorded in accrued expenses)	2,464		2,501
Long-term lease liability	25,796		29,237
Total operating lease liabilities	$	28,260	$	31,738

Finance leases:
Right-of-use asset, net (recorded in intangible and other current assets, net)	$	109	$	8

Short-term lease liability (recorded in accrued expenses)	17		6
Long-term lease liability (recorded in non-current liabilities)	75		3
Total finance lease liabilities	$	92	$	9

Schedule of components of lease cost

The components of lease cost are reflected in the table below (amounts in thousands):


	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Operating lease cost:
Amortization of right-of-use assets	$	584	$	661	$	1,908	$	1,815
Interest on lease liabilities	571		545		1,848		1,256
Capitalized lease cost	(215)		—		(702)		—
Finance lease cost:
Amortization of right-of-use assets	4		1		7		9
Short-term lease cost	205		38		413		117
Total lease cost	$	1,149	$	1,245	$	3,474	$	3,197

The following table discloses the weighted-average remaining lease term and discount rate for finance and operating leases.

As of:

September 30, 2022

December 31, 2021

Weighted-average lease term

Finance leases

4.8 years

1.6 years

Operating Leases

9.9 years

10.6 years

Weighted-average discount rate

Finance leases

10.2

7.0

Operating leases

8.4

The below table discloses supplemental cash flow information for operating leases (in thousands):


	Nine Months Ended
	September 30, 2022		September 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3,675	$	3,420

Schedule of maturities of operating leases liabilities

The following table reflects undiscounted cash flows on an annual basis for the Company’s lease liabilities as of September 30, 2022 (amounts in thousands):


	Operating Leases		Finance Leases

2022 (remaining)	$	1,180	$	8
2023	4,775		25
2024	4,649		23
2025	4,677		23
2026	4,724		23
Thereafter	21,584		15
Total lease payments	$	41,589	$	117
Imputed interest	(13,329)		(25)
Discounted lease liability	$	28,260	$	92

Schedule of maturities of finance leases liabilities

The following table reflects undiscounted cash flows on an annual basis for the Company’s lease liabilities as of September 30, 2022 (amounts in thousands):


	Operating Leases		Finance Leases

2022 (remaining)	$	1,180	$	8
2023	4,775		25
2024	4,649		23
2025	4,677		23
2026	4,724		23
Thereafter	21,584		15
Total lease payments	$	41,589	$	117
Imputed interest	(13,329)		(25)
Discounted lease liability	$	28,260	$	92

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue:
Revenue	$ 37,626	$ 32,614	$ 107,198	$ 89,822
Operating expenses:
Cost of subscriber equipment sales - reduction in the value of inventory	8,500
Marketing, general and administrative	10,707	9,196	29,741	28,974
Reduction in value of long-lived assets	166,001	242	166,526	242
Depreciation, amortization and accretion	24,238	24,072	72,151	72,031
Total operating expenses	224,267	47,328	318,907	139,804
Loss from operations	(186,641)	(14,714)	(211,709)	(49,982)
Other (expense) income:
(Loss) gain on extinguishment of debt	0	(829)	0	1,835
Interest income and expense, net of amounts capitalized	(7,583)	(11,406)	(24,300)	(33,758)
Derivative gain (loss)	662	229	(1,066)	(2,210)
Foreign currency loss	(9,406)	(4,752)	(13,297)	(4,642)
Other	(45)	473	344	407
Total other (expense) income	(17,873)	(16,285)	(39,820)	(38,368)
Loss before income taxes	(204,514)	(30,999)	(251,529)	(88,350)
Income tax (benefit) expense	(153)	(114)	51	317
Net loss	(204,361)	(30,885)	(251,580)	(88,667)
Other comprehensive loss:
Foreign currency translation adjustments	6,613	3,185	11,249	3,269
Defined benefit pension plan liability adjustment	2,073	0	2,073	0
Comprehensive loss	$ (195,675)	$ (27,700)	$ (238,258)	$ (85,398)
Net loss per common share:
Basic (in dollars per share)	$ (0.11)	$ (0.02)	$ (0.14)	$ (0.05)
Diluted (in dollars per share)	$ (0.11)	$ (0.02)	$ (0.14)	$ (0.05)
Weighted-average shares outstanding:
Basic (in shares)	1,800,504	1,793,144	1,799,364	1,755,362
Diluted (in shares)	1,800,504	1,793,144	1,799,364	1,755,362
Defined benefit plan, net periodic benefit cost (credit), gain (loss) due to settlement	$ (1,501)	$ 0	$ (1,501)	$ 0
Service revenue
Revenue:
Revenue	33,301	27,848	95,693	76,551
Operating expenses:
Cost of goods and services	11,294	9,648	32,783	27,848
Subscriber equipment sales
Revenue:
Revenue	4,325	4,766	11,505	13,271
Operating expenses:
Cost of goods and services	3,490	4,099	9,153	9,856
Cost of subscriber equipment sales - reduction in the value of inventory	$ 8,537	$ 71	$ 8,553	$ 853

Leases - Components of Finance and Operating Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Operating leases:
Right-of-use asset, net	$ 28,396	$ 32,041
Short-term lease liability (recorded in accrued expenses)	2,464	2,501
Long-term lease liability	25,796	29,237
Total operating lease liabilities	28,260	31,738
Finance leases:
Right-of-use asset, net (recorded in intangible and other current assets, net)	109	8
Short-term lease liability (recorded in accrued expenses)	17	6
Long-term lease liability (recorded in non-current liabilities)	75	3
Total finance lease liabilities	$ 92	$ 9

Commitment and Contingencies	9 Months Ended
Commitment and Contingencies	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. COMMITMENTS AND CONTINGENCIES Service Agreements The Service Agreements set forth the primary terms for the Company to provide services to Partner and incur costs related primarily to new gateways and upgrades at existing gateways as well as satellite construction and launch costs. The Service Agreements have no expiration date but provide that each party may terminate subject to certain notice requirements and, in some cases, other conditions. In the event Partner terminates the agreements or the deliverables for the second phase of the contract, Partner will reimburse the Company for the cost of materials purchased or manufactured through the date of such termination notice, subject to certain conditions. The Service Agreements also provide for various commitments with which the Company must comply, including to: •Allocate 85% of its current and future network capacity to support the Services; •Provide and maintain all resources, including personnel, software, satellite, gateways, satellite spectrum and regulatory rights necessary to provide the Services (the “Required Resources”); •Prioritize the Services and provide Partner with priority access to the Required Resources, including the Company’s licensed satellite spectrum; •Maintain minimum quality and coverage standards and provide continuity of service; •Allow Partner to recoup advance payments made to Globalstar from future service fees or, to the extent recoupment is not possible, to repay such amounts in cash; and, •Provide the Resource Protections as defined in the Service Agreements. The Service Agreements require the Company to raise additional debt capital for the construction and launch of the new satellites, which the Company targets to be complete during the fourth quarter of 2022. The Service Agreements require the Company (i) upon commencement of the Services, to refinance all loans outstanding under the 2019 Facility Agreement that are held by affiliates of the Thermo and (ii) within 90 days of the commencement of the Services, to refinance all loans outstanding under the 2019 Facility Agreement that are held by persons other than Thermo. The Service Agreements also provide that Partner may elect to receive warrants (the "Warrants") to purchase up to 2.64% of the Company’s outstanding common stock (see further discussion in Note 11: Loss Per Share). In addition, Partner has the right, but not the obligation, to participate in certain issuances of the Company’s equity securities, in order to maintain its percentage interest in the Company (determined on a fully diluted basis, assuming exercise of all the Warrants). Refer to Note 1: Basis of Presentation, Note 2: Revenue, Note 3: Leases, Note 4: Property and Equipment and Note 5: Long-Term Debt and Other Financing Arrangements for further discussion. Satellite Procurement Agreement In February 2022, the Company entered into a satellite procurement agreement with MDA pursuant to which Globalstar will acquire 17 satellites that will replenish Globalstar's existing constellation of satellites and ensure long-term continuity of its mobile satellite services. Globalstar is acquiring the satellites to provide continuous satellite services to Partner under the Service Agreements, as well as services to Globalstar’s current and future customers. Globalstar maintains the option to acquire additional satellites under the contract. Globalstar plans to contract separately for launch services and launch insurance for the new satellites. The total contract price for the initial 17 satellites is $327.0 million; Globalstar has the option to purchase additional satellites at a lower per unit cost, subject to certain conditions. The satellites are expected to be manufactured during the next three years. Under the Service Agreements, subject to certain conditions, Partner is required to reimburse 95% of the capital expenditures and certain other costs incurred for this contract. Refer to Note 5: Long-Term Debt and Other Financing Arrangements for further discussion of the vendor financing arrangement with MDA.

Revenue - Wholesale Capacity Contract Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Total contract liabilities	$ 224,772	$ 137,981
Contract with customer, imputed interest	4,900	1,900
Wholesale capacity
Disaggregation of Revenue [Line Items]
Reimbursements (and anticipated reimbursement)	78,151	0
Contract asset	(3,317)	(2,085)
Total contract liabilities	199,891	111,258
Wholesale capacity \| Space component
Disaggregation of Revenue [Line Items]
Advanced payments for services expected to be performed	99,405	96,362
Wholesale capacity \| Ground component
Disaggregation of Revenue [Line Items]
Advanced payments for services expected to be performed	$ 25,652	$ 16,981

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	9. RELATED PARTY TRANSACTIONS Payables to Thermo and other affiliates related to normal purchase transactions were $0.1 million and $0.4 million as of September 30, 2022 and December 31, 2021, respectively. Transactions with Thermo Certain general and administrative expenses are incurred by Thermo on behalf of the Company. These expenses, which include non-cash expenses that the Company accounts for as a contribution to capital, related to services provided by certain executive officers of Thermo, and expenses incurred by Thermo on behalf of the Company that are charged to the Company. The expenses charged are based on actual amounts (with no mark-up) incurred by Thermo or upon allocated employee time. The Company has a lease agreement with Thermo Covington, LLC for the Company's headquarters office. Annual lease payments started at $1.4 million per year in 2019 and increase at a rate of 2.5% per year, for a lease term of ten years. During each of the nine months ended September 30, 2022 and 2021, the Company incurred lease expense of $1.2 million under this lease agreement. In November 2019, the Company entered into the 2019 Facility Agreement. Thermo's participation in the 2019 Facility Agreement was $95.1 million. This principal balance earns paid-in-kind interest at a rate of 13% per annum. Interest accrued since inception with respect to Thermo's portion of the debt outstanding on the 2019 Facility Agreement was approximately $39.4 million, of which $9.7 million was accrued during the nine months ended September 30, 2022. As discussed in Note 8: Commitments and Contingencies, the Service Agreements require the Company to refinance all loans outstanding under the 2019 Facility Agreement; the portion associated with Thermo is required to be refinanced upon commencement of Services, which is expected to be during the fourth quarter of 2022. In connection with the Service Agreements, in September 2022, Partner and Thermo entered into a lock-up and right of first offer agreement that generally (i) requires Thermo to offer any shares of Globalstar common stock to Partner before transferring them to any other Person other than affiliates of Thermo and (ii) prohibits Thermo from transferring shares of Globalstar common stock if such transfer would cause Thermo to hold less than 51.00% of the outstanding common stock of the Company for a period of 5 years from the Service Launch (as defined in Note 1: Basis of Presentation). This agreement does not prohibit the Company from entering into a change of control transaction at any time. Additionally, upon commencement of the Services, the Service Agreements require the Company to refinance all loans outstanding under the 2019 Facility Agreement that are held by Thermo. See Note 5: Long-Term Debt and Other Financing Arrangements for further discussion of the Company's debt and financing transactions with Thermo.

Basis of Presentation (Policies)	9 Months Ended
Basis of Presentation (Policies)	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Globalstar, Inc. (“Globalstar” or the “Company”) provides Mobile Satellite Services (“MSS”) including voice and data communications and wholesale capacity services through its global satellite network. The Company’s only reportable segment is its MSS business. Thermo Companies, through commonly controlled affiliates, (collectively, “Thermo”) is the principal owner and largest stockholder of Globalstar. The Company’s Executive Chairman of the Board controls Thermo. Two other members of the Company's Board of Directors are also directors, officers or minority equity owners of various Thermo entities. The Company has prepared the accompanying unaudited interim condensed consolidated financial statements in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information. Certain information and footnote disclosures normally included in financial statements have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”); however, management believes the disclosures made are adequate to make the information presented not misleading. These financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in the Globalstar Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 25, 2022 (the “2021 Annual Report”). The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from estimates. The Company evaluates estimates on an ongoing basis. The Company has made certain reclassifications to prior period condensed consolidated financial statements to conform to current period presentation. These unaudited interim condensed consolidated financial statements include the accounts of Globalstar and all its subsidiaries. Intercompany transactions and balances have been eliminated in the consolidation. In the opinion of management, the information included herein includes all adjustments, consisting of normal recurring adjustments, that are necessary for a fair presentation of the Company’s condensed consolidated statements of operations, consolidated balance sheets, condensed consolidated statements of stockholders' equity and condensed consolidated statements of cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for the full year or any future period.
Derivative Liabilities	The fair value of each embedded derivative is marked-to-market at the end of each reporting period, or more frequently as deemed necessary, with any changes in value reported in its condensed consolidated statements of operations and its condensed consolidated statements of cash flows as an operating activity. The Company classifies its derivatives consistent with the classification of the underlying debt on the Company's consolidated balance sheet.
Fair Value Measurements	The Company follows the authoritative guidance for fair value measurements relating to financial and non-financial assets and liabilities, including presentation of required disclosures herein. This guidance establishes a fair value framework requiring the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets and liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities. Level 2: Quoted prices in markets that are not active or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).
Loss Per Share	Loss per share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. In periods of net income, the numerator used to calculate diluted EPS includes the effect of dilutive securities, including interest expense, net, and derivative gains or losses reflected in net income. Common stock equivalents are included in the calculation of diluted earnings per share only when the effect of their inclusion would be dilutive. When outstanding, the effect of potentially dilutive common shares for the Company's convertible notes is calculated using the if-converted method. Generally, for all other potentially dilutive common shares, the effect is calculated using the treasury stock method.

Derivatives - Narrative (Details)	Mar. 31, 2022	May 31, 2013
8.00% Convertible Senior Notes Issued in 2013
Derivative [Line Items]
Loan interest rate	8.00%	8.00%

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Accounts receivable, allowance	$ 2,923	$ 2,962
Accumulated amortization of intangible and other assets	$ 10,633	$ 11,189
Preferred stock, par value (USD per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Series A Preferred Convertible Stock
Preferred stock, par value (USD per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	1	1
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Voting Common Stock
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	2,150,000,000	2,150,000,000
Common stock, shares issued (in shares)	1,800,523,430	1,796,528,871
Common stock, shares outstanding (in shares)	1,800,523,430	1,796,528,871
Nonvoting Common Stock
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	0	0
Common stock, shares issued (in shares)	0	0
Common stock, shares outstanding (in shares)	0	0

Fair Value Measurements - Quantitative Fair Value Inputs (Details)	Mar. 31, 2022	Mar. 09, 2022 $ / shares	Feb. 17, 2022 $ / shares	Dec. 31, 2021 $ / shares	May 31, 2013
Stock Price Volatility \| Compound embedded derivative with the 2013 8.00% Notes \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input				1.20
Stock Price Volatility \| Compound embedded derivative with the 2013 8.00% Notes \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input				1.39
Risk-Free Interest Rate \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.0018	0.0006
Derivative liability, measurement input				0.005
Note Conversion Price \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.69	0.69
Derivative liability, measurement input				0.69
Discount Rate \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.19	0.18
Derivative liability, measurement input				0.18
Market Price of Common Stock \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		1.21	1.00
Derivative liability, measurement input				1.16
8.00% Convertible Senior Notes Issued in 2013
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loan interest rate	8.00%				8.00%

Pensions and Other Employee Benefits (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Retirement Benefits [Abstract]
Defined benefit plan, plan assets, payment for settlement	$ 7,700
Defined benefit plan, plan assets, payment for settlement, pension plan assets	5,000
Defined benefit plan, plan assets, payment for settlement, cash	$ 2,700
Defined benefit plan, net periodic benefit cost (credit), gain (loss) due to settlement		$ (1,501)	$ 0	$ (1,501)	$ 0

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,464,433	$ 1,597,384
Accumulated depreciation	(931,753)	(925,228)
Total property and equipment, net	532,680	672,156
Internally developed and purchased software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	22,127	20,823
Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	8,002	8,590
Land and buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,662	1,149
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,075	2,088
Globalstar System
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,430,567	1,564,734
Globalstar System \| Ground component
Property, Plant and Equipment [Line Items]
Property and equipment, gross	79,848	282,268
Globalstar System \| First and second-generation satellites in service \| Space component
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,262,254	1,195,509
Globalstar System \| Second-generation satellite, on-ground spare \| Space component
Property, Plant and Equipment [Line Items]
Property and equipment, gross	0	32,442
Globalstar System \| Construction in progress \| Space component
Property, Plant and Equipment [Line Items]
Property and equipment, gross	63,504	16,394
Globalstar System \| Construction in progress \| Ground component
Property, Plant and Equipment [Line Items]
Property and equipment, gross	16,303	33,998
Globalstar System \| Construction in progress \| Other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 8,658	$ 4,123

Revenue - Narrative (Details) - USD ($)	9 Months Ended
Revenue - Narrative (Details) - USD ($)	Sep. 30, 2022	Sep. 30, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, additional service payments, capital expenditure reimbursement, percent	95.00%
Subscriber driven
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with customer, revenue recognized	$ 22,800,000	$ 23,800,000
Wholesale capacity
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with customer, revenue recognized	100,000	$ 0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01 \| Subscriber driven
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 23,200,000
Revenue remaining performance obligation, percentage	93.00%
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01 \| Wholesale capacity
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 29,900,000
Revenue remaining performance obligation, percentage	15.00%
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months

Property and Equipment (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

Property and equipment consists of the following (in thousands):


	September 30, 2022		December 31, 2021
Globalstar System:
Space component
First and second-generation satellites in service	$	1,262,254	$	1,195,509
Second-generation satellite, on-ground spare	—		32,442
Ground component	79,848		282,268
Construction in progress:
Space component	63,504		16,394
Ground component	16,303		33,998
Other	8,658		4,123
Total Globalstar System	1,430,567		1,564,734
Internally developed and purchased software	22,127		20,823
Equipment	8,002		8,590
Land and buildings	1,662		1,149
Leasehold improvements	2,075		2,088
Total property and equipment	1,464,433		1,597,384
Accumulated depreciation	(931,753)		(925,228)
Total property and equipment, net	$	532,680	$	672,156

Schedule of impaired assets, long-lived and intangible

The table below reflects the reduction in value of long-lived assets by each component of Property and equipment, net, and Intangible and other assets, net, previously recorded on the Company's consolidated balance sheets (amounts in thousands, reflected net of accumulated depreciation and amortization, as applicable, prior to their write downs).


	Three months ended September 30, 2022
Property and equipment, net
Ground component	$	154,144
Construction in progress: ground component	5,545
Equipment	202
Total property and equipment, net	$	159,891
Intangible and other assets, net	$	1,271
Total reduction in value of long-lived assets	$	161,162

Long-Term Debt and Other Financing Arrangements

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Long-Term Debt and Other Financing Arrangements

5. LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS

Long-term debt and vendor financing consists of the following (in thousands):


	September 30, 2022						December 31, 2021
	Principal Amount		Unamortized Discount and Deferred Financing Costs		Carrying Value		Principal Amount		Unamortized Discount and Deferred Financing Costs		Carrying Value
2019 Facility Agreement	$	285,296	$	23,121	$	262,175	$	263,812	$	27,287	$	236,525
Vendor financing	63,765		—		63,765		—		—		—
8.00% Convertible Senior Notes Issued in 2013	—		—		—		1,407		—		1,407
Total debt and vendor financing	$	349,061	$	23,121	$	325,940	$	265,219	$	27,287	$	237,932
Less: current portion	63,765		—		63,765		—		—		—
Long-term debt and vendor financing	$	285,296	$	23,121	$	262,175	$	265,219	$	27,287	$	237,932

The principal amounts shown above include payment of in-kind interest. The carrying value is net of deferred financing costs and any discounts to the loan amounts at issuance, including accretion. All amounts outstanding associated with the Company's vendor financing arrangement are due within the next twelve months and, therefore, are reflected as a current liability on the Company's consolidated balance sheets.

2019 Facility Agreement

In November 2019, the Company entered into a $199.0 million facility agreement with Thermo, an affiliate of EchoStar Corporation and certain other unaffiliated lenders (the "2019 Facility Agreement"). The 2019 Facility Agreement is scheduled to mature in November 2025. The loans under the 2019 Facility Agreement bear interest at a blended rate of 13.5% per annum to be paid in kind (or in cash at the option of the Company). In August 2022, the Company received a waiver letter from its lenders increasing permitted capital expenditures for 2022. As of September 30, 2022, the Company was in compliance with the covenants of the 2019 Facility Agreement.

The 2019 Facility Agreement requires mandatory prepayments of principal with any Excess Cash Flow (as defined and calculated in the 2019 Facility Agreement) on a semi-annual basis. The Company generated excess cash flow for the six-month measurement period ended June 30, 2022 and was required to pay $6.3 million to its lenders in August 2022. This payment reduced future principal payment obligations.

The Service Agreements require the Company to refinance all loans outstanding under the 2019 Facility Agreement; the portion held by Thermo is to be refinanced upon commencement of Services (expected to be November 2022) and the remaining portion is to be refinanced within 90 days of the commencement of Services.

Refer to Note 6: Derivatives and Note 7: Fair Value Measurements for further discussion on the compound embedded derivative bifurcated from the 2019 Facility Agreement.

Vendor Financing

In February 2022, the Company entered into a satellite procurement agreement with Macdonald, Dettwiler and Associates Corporation (“MDA”) (see Note 8: Commitments and Contingencies for further discussion). As of September 30, 2022, the Company had recorded $63.8 million in short-term vendor financing on its consolidated balance sheet associated with this agreement. This agreement provided for deferrals of milestone payments through August 2022 at a 0% interest rate.

On October 28, 2022, the Company executed an amendment to extend this payment deferral date and allow for other related changes in terms, including two $7.0 million payments (one of which was made on October 31, 2022 and the second is required to be made in November 2022) and interest that will accrue on the amount outstanding at an annual rate of 7%. The total interest accrued was $0.2 million as of September 30, 2022. All remaining amounts outstanding are required to be paid in December 2022. Concurrently, the Company continues to pursue debt financing for the funding of the construction and launch costs for these satellites (discussed below).

New Satellite Construction Financing

As discussed in Note 4: Property and Equipment and Note 8: Commitments and Contingencies, the Company entered into a contract with MDA to construct new satellites. Under the Service Agreements, the Company is required to raise additional debt capital for the construction and launch of the new satellites and targets to complete such financing during the fourth quarter of 2022.

8.00% Convertible Senior Notes Issued in 2013

In May 2013, the Company issued $54.6 million aggregate principal amount of its 2013 8.00% Notes. Interest was paid in cash at a rate of 5.75% and in additional notes at a rate of 2.25%. In February 2022, the Company notified the holders of the 8.00% Notes of its intention to redeem all of the outstanding amount of principal and interest in March 2022. Prior to the Company's intended redemption of the 8.00% Notes, the holders converted the remaining principal amount outstanding of $1.4 million into 2.3 million shares of Globalstar common stock in February and March 2022. The 2013 8.00% Notes were converted into shares of common stock at a conversion price of $0.69 per share of common stock.

As a result of the conversions during 2022, the Company recorded gains and losses on extinguishment of debt resulting from the difference between the fair value of shares of Globalstar common stock issued to the holders and the principal amount of the notes that converted as well as the write-offs of the embedded derivative associated with the 2013 8.00% Notes. The net impact to the Company's condensed consolidated statement of operations in 2022 was a gain of less than $0.1 million.

Refer to Note 6: Derivatives and Note 7: Fair Value Measurements for further discussion on the compound embedded derivative bifurcated from the 2013 8.00% Notes.

2009 Facility Agreement

In 2009, the Company entered into a facility agreement with a syndicate of bank lenders, including BNP Paribas, Société Générale, Natixis, Crédit Agricole Corporate and Investment Bank and Crédit Industriel et Commercial, as arrangers, and BNP Paribas, as the security agent (the "2009 Facility Agreement"). The 2009 Facility Agreement was fully repaid in November 2021. As a result of prepayments made under the 2009 Facility Agreement during the second and third quarters of 2021, the Company wrote off $2.3 million and $0.8 million, respectively, in deferred financing costs, which represented the portion of debt prepaid by the Company in the second and third quarters of 2021, and were recorded as a loss on extinguishment of debt on its condensed consolidated statements of operations.

Paycheck Protection Program Loan

In April 2020, the Company sought relief under the CARES Act and received a $5.0 million loan under the Paycheck Protection Program ("PPP"), (the "PPP Loan"). In June 2021, the Small Business Administration ("SBA") approved the Company's request for forgiveness of all amounts outstanding under the PPP Loan, including accrued interest. The Company evaluated the applicable accounting guidance relative to the PPP Loan and accounted for the proceeds of the PPP Loan as debt under ASC 470. As the entire principal balance, including accrued interest, was forgiven in June 2021, the Company recorded a gain on extinguishment of debt totaling $5.0 million on its condensed consolidated statements of operations for the period ended June 30, 2021.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Revenue - Accounts Receivable and Contract Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Wholesale capacity accounts receivable	$ 29,594	$ 21,182
Accounts receivable	99,240	21,182
Short-term contract liabilities	53,121	25,927
Long-term contract liabilities	171,651	112,054
Total contract liabilities	224,772	137,981
Subscriber driven
Disaggregation of Revenue [Line Items]
Wholesale capacity accounts receivable	13,954	12,825
Short-term contract liabilities	23,212	24,940
Long-term contract liabilities	1,669	1,783
Wholesale capacity
Disaggregation of Revenue [Line Items]
Wholesale capacity accounts receivable	12,727	1,861
Long-term wholesale capacity accounts receivable	69,646	0
Short-term contract liabilities	29,909	987
Long-term contract liabilities	169,982	110,271
Total contract liabilities	199,891	111,258
Agency agreement accounts receivable
Disaggregation of Revenue [Line Items]
Wholesale capacity accounts receivable	$ 2,913	$ 6,496