Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 225

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 225
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 | $          | 13,513 |     | $    | 17,782 |

| F-26 |

Velo3D, Inc.

Notes to Consolidated Financial Statements

Accrued Expenses & Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

Schedule of Accrued and Other Current Liabilities

|                                                |     | 2024       
 December   
 31,        
 2024       
 (In        
 thousands) |       |     | 2023 
 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:

Schedule of Other Noncurrent Liabilities

|                                  |     | 2024       
 December   
 31,        
 2024       
 (In        
 thousands) |       |     | 2023 
 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 $ 4.6million and accumulated depreciation of $ 0.9million as of December 31, 2024. The total depreciation expense was $ 0.8million and included in cost of revenue for the year ended December 31, 2024.

The equipment leased to customers had a cost basis of $ 7.4million