Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 1108

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1A
Chunk 1108
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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 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