Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 1231

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 1231
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2023, the Company recorded an impairment charge on right-of-use assets of $2,570, included within impairment of long-lived assets within the Company's consolidated statements of operations. See Note 18, Restructuring.  No impairment charges were recorded for the year ended  December 31, 2024.
    
   The components of operating lease expenses, excluding the gain on lease termination, for the years ended  December 31, 2024 and 2023 were as follows (in thousands):

       Year ended December 31,  
   2024    2023  
 Operating lease cost  $1,498  $2,379 
 Variable lease cost   204   340 
 Total operating lease cost  $1,702  $2,719 

   Supplemental cash flow information for the years ended  December 31, 2024 and 2023 were as follows (in thousands):

       Year ended December 31,  
   2024    2023  
 Cash paid for operating leases included in operating cash flows  $(1,497) $(2,500)

   Supplemental balance sheet information related to operating leases as of  December 31, 2024 and 2023 was as follows (in thousands):

       As of December 31,  
   2024    2023  
 Operating lease right-of-use assets  $652  $11,226 
         
 Operating lease liabilities:         
 Operating lease liabilities, current  $267  $2,415 
 Lease termination liability   3,313   — 
 Operating lease liabilities, non-current   479   14,858 
 Total operating lease liabilities  $4,059  $17,273 

       As of December 31,  
   2024    2023  
 Weighted average remaining lease term (in years)   2.89   7.89 
 Weighted average discount rate   6.40%  5.32%

       83

   Maturities of lease liabilities, excluding the lease termination liability, were as follows (in thousands).

     Years ending - December 31:     
 2025  $275 
 2026   283 
 2027   258 
 Total lease payments   816 
 Less amount to discount to present