Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 1109

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1A
Chunk 1109
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 in the years ended  December 31, 2024 and 2023 were $32 and $342, respectively.

       84

       8. 
       OTHER NONCURRENT ASSETS 

   Other noncurrent assets as of  December 31, 2024 and 2023 were as follows (in thousands):

        As of December 31, 

        2024 

        2023 

        Noncurrent inventory 
        
       $
       209

       $
       208

        Long-term prepaid expenses 

       352

       626

        Security deposits 

       131

       72

        Total other noncurrent assets 
        
       $
       692

       $
       906

       9. 
       ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES 

   Accrued expenses and other current liabilities as of  December 31, 2024 and 2023 were as follows (in thousands):

        As of December 31, 

        2024 

        2023 

        Lease termination liability 
        
       $
       3,313

       $
       —

        Accrued bonuses 

       2,875

       2,053

        Accrued payroll 

       347

       540

        Operating lease liabilities 

       267

       2,415

        Accrued severance 

       —

       402

        Accrued payroll taxes 

       159

       317

        Accrued other 

       748

       858

        Total accrued expenses and other current liabilities 
        
       $
       7,709

       $
       6,585

    10.  CONVERTIBLE NOTES 

   2022 Convertible Note
    
   On  September 14, 2022, the Company entered into a Securities Purchase Agreement with an investor allowing for the sale and issue of up to two convertible notes, each with a principal balance of $10,500 and gross cash proceeds of $10,000, for a total of $20,000 in proceeds between the two issuances (each, a "Note Closing"). The first Note Closing ("First Closing") occurred on  September 15, 2022, and the Company entered into a Senior Unsecured Convertible Note with the investor pursuant to which the Company issued to the investor one convertible note ("2022 Note") with a principal balance of $10,500 for net