Company: LIDRW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033677
Chunk: 79

Company: AEye, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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 liabilities.
    
   Level 3—Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
    
   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 the noncurrent convertible note. The carrying values of these financial instruments approximate their fair values.

       11

   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 September 30, 2025 Using:  
   Adjusted Cost    Unrealized Gains (Losses)    Fair Value    Cash and Cash Equivalent    Marketable Securities  
 Assets                     
 Level 1                     
 Money market funds  $42,531  $—  $42,531  $42,531  $— 
 Level 2                     
 Asset-backed securities   4,986   1   4,987   —  $4,987 
 Corporate bonds   19,380   (2)  19,378   —   19,378 
 Commercial paper   7,453   (2)  7,451   —   7,451 
 U.S. Government securities   9,483   (1)  9,482   —   9,482 
 Total financial assets  $83,833  $(4) $83,829  $42,531  $41,298 
 Liabilities                     
 Level 2                     
 Private placement warrant liability  $—  $—  $1  $—  $— 
 Level 3                     
 Convertible note, current   —   —   106   —   — 
 Derivative warrant liabilities   —   —   787   —   — 
 Total financial liabilities  $—  $—  $894  $—  $— 

       Fair Value Measured as of December 31, 2024 Using:  
   Adjusted Cost    Unrealized G