Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 220

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 220
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 $    | 17,782 |

| F-26 |

<div align='center'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83

Velo3D, Inc.

Notes to Consolidated Financial Statements</div>

Accrued Expenses & Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

|                               |     | December       
 31,            
 2024           
 (In thousands) |       |     | 2023 |       |
|:------------------------------|:----|:---------------|------:|:----|:-----|------:|
| Accrued expenses              |     | $              | 1,173 |     | $    | 1,948 |
| Accrued salaries and benefits |     |                |   560 |     |      | 2,277 |
| Lease liability – current     
 portion                       |     |                | 1,778 |     |      | 2,266 |
| Total accrued expenses        
 and other current liabilities |     | $              | 3,511 |     | $    | 6,491 |

Other Noncurrent Liabilities

Other noncurrent liabilities consisted of the following:

|                                |     | December       
 31,            
 2024           
 (In thousands) |       |     | 2023 |        |
|:-------------------------------|:----|:---------------|------:|:----|:-----|-------:|
| Lease liabilities - noncurrent 
 portion                        |     | $              | 8,475 |     | $    | 10,176 |
| Other noncurrent liabilities   |     |                |   863 |     |      |  1,380 |
| Total other noncurrent         
 liabilities                    |     | $              | 9,338 |     | $    | 11,556 |

Note 7. Equipment on Lease, Net

The equipment leased to customers had a cost basis of $4.6 million and accumulated depreciation of $0.9 million as of December 31, 2024. The total depreciation expense was $0.8 million and included in cost of revenue for the year ended December 31, 2024.

The equipment leased to customers had a cost basis of $7.4 million and accumulated depreciation of $0.8 million as of December 31, 2023. The total depreciation expense was $1