Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 640

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 4
Chunk 640
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 of organization for the design and development of high-performance, active lidar systems and applications.
    
   The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance and decides how to allocate resources based on consolidated net loss as reported in the consolidated statements of operations and comprehensive loss.  There are no other expense categories regularly provided to the CODM that are not already included in the consolidated statements of operations and comprehensive loss. The measure of segment assets is reported on the balance sheet as cash, cash equivalents and marketable securities.

    17.  REVENUE 

   Sale of Prototypes
    
   The Company recorded revenue for prototype sales of $97 and $477 in 2024 and 2023 respectively. The Company does not incur significant contract costs in fulfilling or obtaining their contracts with customers.
    
   Development Contracts
    
   The Company has entered into research and development contracts as well as a sales, marketing and technical support service contract with companies primarily in the automotive industry. The Company assessed the number of performance obligations associated with the promises under each agreement, primarily the delivery of customized 4SightTM perception-related goods and services, and recognized $105 and $987 in revenue for performance obligations satisfied during years ended 2024 and 2023 respectively, in the consolidated statements of operations and comprehensive loss.

       92

   Disaggregation of Revenue 
    
   The Company recognized the following revenues by geographic area based on the primary billing address of the customer and by the timing of the transfer of goods or services to customers (point in time or over time), as it believes such criteria best depict how the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors. Total revenue based on the disaggregation criteria described above is as follows (in thousands):

       Year ended December 31,  
   2024    2023  
 Revenue by primary geographical market:         
 United States  $154  $1,223 
 Europe   48   184 
 Asia-Pacific   —   57 
 Total  $202  $1,464 
         
 Revenue by timing of recognition:         
 Recognized at a point in time  $97  $477 
 Recognized over time   105   987 
 Total  $202  $1,464 

   Contract Liabilities