Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 131

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 18
Chunk 131
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 Non-compete agreements               54                                     ( 20)                                        34                                                                       2.00  
  Finite-lived intangible assets       $                          48,467      $                             ( 40,764)      $                   7,703                                                1.91  

No

During the years ended December 31, 2024, 2023 and 2022, intangible assets amortization expense of $ 4,166,$ 4,223 3,631

The following table outlines the estimated future amortization expense related to intangible assets held as of December 31, 2024:

  Year Ending December 31,              
 ────────────────────────────────────────
  2025                          $3,524  
  Total                         $3,524  

Table of contents

Mynd. ai. Inc.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In thousands of U. S. dollars, except share and per share data, or otherwise noted)

Note 10. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

                                                  December 31,                                    
                                                  2024                          2023              
 ──────────────────────────────────────────────────────────────────────────────────────────────────
  Accrued payroll                                 $                 12,243      $         16,413  
  Deferred R& D credits                                              7,224                 5,053  
  Rebates and customer advances                   628                           490               
  Interest payable                                678                                      4,006  
  Accrued duty, freight and related expenses                        16,459                11,616  
  Royalties                                                          1,594                 2,470  
  Value added tax payables                        196                                      1,363  
  Other accrued expenses and liabilities                             6,937                 7,723  
  Accrued expenses, net                           $                 45,959      $         49,134  

Deferred R& D credits represent future offsets to research and development expense in the Consolidated Statements of Operations. These credits were generated through the Company's participation in the U. K. Research and Development Expenditure Credit (RDEC) program.

As of December 31, 2024, accrued payroll inclu des$ 5,919 and other accrued expenses and liabilities include$ 1,433 of one-time retention payment to certain officers, directors and employees of the Company. These