Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 1232

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 1232
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 value   (70)
 Present value of lease liabilities  $746 

    7.  PROPERTY AND EQUIPMENT, NET 

   Property and equipment, net as of  December 31, 2024 and 2023 consists of the following (in thousands):

       As of December 31,  
   2024    2023  
 Machinery and equipment  $171  $171 
 Computers, software and related equipment   25   26 
 Office furniture and equipment   5   24 
 Vehicles   56   60 
 Leasehold improvements   204   — 
 Construction in progress   246   — 
 Total property and equipment   707   281 
 Less accumulated depreciation and amortization   (102)  — 
 Property and equipment, net  $605  $281 

   During the year ended  December 31, 2023, the Company recorded impairment charges on assets classified as property and equipment of $7,418, included within impairment of long-lived assets within the Company's consolidated statements of operations. No impairment charges were recorded for the year ended  December 31, 2024.
    
   Depreciation and amortization expense related to property and equipment amounted to $129 and $1,547 recognized within research and development, sales and marketing, and general and administrative expenses within the consolidated statements of operations and comprehensive loss for the years ended  December 31, 2024 and 2023, respectively. The Company recorded disposals of gross property and equipment of $59 and $1,041 in the years ended  December 31, 2024 and 2023, respectively. The carrying amounts of the property and equipment disposed in the years ended  December 31, 2024 and 2023 were $32 and $342, respectively.

       84

       8. 
       OTHER NONCURRENT ASSETS 

   Other noncurrent assets as of  December 31, 2024 and 2023 were as follows (in thousands):

        As of December 31, 

        2024 

        2023 

        Noncurrent inventory 
        
       $
       209

       $
       208

        Long-term prepaid expenses 

       352

       626

        Security deposits 

       131

       72

        Total other noncurrent assets 
        
       $
       692

       $
       906