Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 229

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 229
---
 Lease                                          
 liability – current portion                    |     |            | 1,778 |     |      | 2,266 |
| Total                                          
 accrued expenses and other current liabilities |     | $          | 3,511 |     | $    | 6,491 |

Other Noncurrent Liabilities

Other noncurrent liabilities consisted of the following:

Schedule of Other Noncurrent Liabilities

|                                  |     | 2024       
 December   
 31,        
 2024       
 (In        
 thousands) |       |     | 2023 
 2023 |        |
|:---------------------------------|:----|:-----------|------:|:----|:-----|-------:|
| Lease                            
 liabilities - noncurrent portion |     | $          | 8,475 |     | $    | 10,176 |
| Other                            
 noncurrent liabilities           |     |            |   863 |     |      |  1,380 |
| Total                            
 other noncurrent liabilities     |     | $          | 9,338 |     | $    | 11,556 |

Note 7. Equipment on Lease, Net

The equipment leased to customers had a cost basis of $4.6 million and accumulated depreciation of $0.9 million as of December 31, 2024. The total depreciation expense was $0.8 million and included in cost of revenue for the year ended December 31, 2024.

The equipment leased to customers had a cost basis of $7.4 million and accumulated depreciation of $0.8 million as of December 31, 2023. The total depreciation expense was $1.0 million and included in cost of revenue for the year ended December 31, 2023.

The equipment on lease initial lease terms are generally for 12 months and the Company has considered the possibility of renewals when determining the length of the contract and the expectation is that customers will not exercise any renewal or purchase options at the end of the lease. The Company has evaluated our customer history on renewals, returns and purchase options and have determined the operating lease period of 12 months is appropriate.

For the year ended December 31, 2024, one new leases was entered into and one equipment on leases with an aggregate carrying value of $1.6 million were reclassified from equipment on lease, net to finished goods inventory to be resold as the purchase options were not exercised.

As noted above, we are unsure of