Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 930

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 6
Chunk 930
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 (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The fair value hierarchy of ASC 820 requires an entity to maximize the use of observable inputs when measuring fair value and classifies those inputs into three levels:
    
   Level 1—Observable inputs, such as quoted prices in active markets for identical assets or liabilities.
    
   Level 2—Observable inputs, other than Level 1 inputs, which are observable either directly or indirectly or can be corroborated by observable market data using quoted prices for similar assets or liabilities.
    
   Level 3—Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

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   The Company's financial instruments that are not remeasured at fair value include accounts receivable, prepaid and other current assets, accounts payable, accrued expenses, other current and noncurrent liabilities, and convertible note. The carrying values of these financial instruments approximate their fair values.
    
   The Company’s financial assets and liabilities measured at fair value on a recurring basis and the level of inputs used for such measurements were as follows (in thousands):

       Fair Value Measured as of December 31, 2024 Using:  
               Cash and      
   Adjusted    Unrealized    Fair    Cash    Marketable  
   Cost    gains    Value    Equivalent    Securities  
 Assets                     
 Level 1                     
 Money market funds  $5,823  $—  $5,823  $5,823  $— 
 Level 2                     
 Corporate bonds   9,660   4   9,664   —   9,664 
 Commercial paper   945   —   945   —   945 
 U.S. Government securities   1,402   1   1,403   —   1,403 
 Total financial assets  $17,830  $5  $17,835  $5,823  $12,012 
 Liabilities                     
 Level 2                     
 Private placement warrant liability  $—  $—  $—  $—  $— 
 Level 3                     
 Der