Company: LASR
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001124796-25-000120
Chunk: 30

Company: NLIGHT, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 30
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, Plant and Equipment

Property, plant and equipment consisted of the following (in thousands):  Useful lifeAs of (years)June 30, 2025December 31, 2024Automobiles3$64 $64 Computer hardware and software3 - 59,897 9,672 Manufacturing and lab equipment2 - 798,512 95,106 Office equipment and furniture5 - 72,169 2,542 Leasehold and building improvements2 - 1232,410 33,104 Buildings309,392 9,392 LandN/A3,399 3,399 155,843 153,279 Accumulated depreciation (110,902)(106,342)$44,941 $46,937 

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Note 7 - Intangible Assets and Goodwill

Intangible AssetsThe details of definite lived intangible assets were as follows (in thousands):Estimated useful life(in years) As of June 30, 2025December 31, 2024Development programs2 - 47,200 7,200 Developed technology52,959 2,959 10,159 10,159 Accumulated amortization (9,623)(9,326)$536 $833 Amortization related to intangible assets was as follows (in thousands):Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Amortization expense$149 $149 $298 $522 Estimated amortization expense for future years is as follows (in thousands):2025$188 2026348 $536 Goodwill  The carrying amount of goodwill by segment was as follows (in thousands):Laser ProductsAdvanced DevelopmentTotalsBalance, December 31, 2024$2,106 $10,248 $12,354 Currency exchange rate adjustment94 — 94 Balance, June 30, 2025$2,200 $10,248 $12,448 

Note 8 - Line of Credit

We have a $40.0 million revolving line of credit (LOC) with Banc of California dated September 24, 2018, which is secured by our assets and matures on September 24, 2027. The LOC agreement contains restrictive and financial covenants and bears an unused credit fee of 0.25% on