Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 120

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 120
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 fair value measurement. For more information regarding impairment charges, see Notes 1, 6, 7, and 18.
    
   For the years ended  December 31, 2024 and 2023, there were no transfers between Level 1 and Level 2 inputs.

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    3.  CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 

   Cash, cash equivalents, and restricted cash as of  December 31, 2024 and 2023 were as follows (in thousands):

       As of December 31,  
   2024    2023  
 Cash and cash equivalents  $10,266  $16,932 
 Restricted cash   —   2,150 
 Total cash, cash equivalents, and restricted cash  $10,266  $19,082 

   Restricted cash of $2,150 as of  December 31, 2023 consisted of funds that were contractually restricted as to usage or withdrawal due to a contractual agreement. The Company had a letter of credit in the amount of $2,150 with Citibank N.A. as security for the payment of rent on its headquarters. In  August 2024, the landlord drew down on the letter of credit and the restricted cash was used to offset the letter of credit draw (see further discussion in Note 6, Leases).

    4.  INVENTORIES 

   Inventory, net of write-downs, as of  December 31, 2024 and 2023 were as follows (in thousands):

       As of December 31,  
   2024    2023  
 Raw materials  $158  $405 
 Work in-process   —   159 
 Finished goods   18   19 
 Total inventory, net  $176  $583 

   The Company also had $209 and $208 of noncurrent inventory (raw materials), net of write-downs, classified within other noncurrent assets on the consolidated balance sheet as of  December 31, 2024 and  December 31, 2023, respectively.

    5.  PREPAID AND OTHER CURRENT ASSETS 

   Prepaid and other current assets as of  December 31, 2024 and 2023 were as follows (in thousands