PRs have said that they are based out of Lewisville, TX, but that is just where the Matthews building (where Bruce works) is located.
I don't know that they have a physical location. I would surmise that the work is being done at the location of their partner Paterson Composites and maybe some design work at Kasaero.
The company that Bruce bought was a foreign company from one of the smaller European countries (I think one that started with a B, if I remember correctly but might be wrong).
I think that they are probably paying at least one person from each partnership & some engineers from the foreign company that they acquired (the ones that designed the model they have now)--maybe the engineers from the foreign company now work for Paterson--not sure.
I do not have any documentation or research to support that they are less expensive than the competition, but that is what I have been told by Bruce in our initial conversation. Competition would be vehicles from companies like eHang, Surefly, I.F.O., Volocopter.
I do not know the source of the 6M in impairments. I may ask Bruce about some of these items in the future, but I don't want to bother him with too many questions.
