Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 25

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 months ended June 30, 2025 and 2024 was $1.7 million and $2.2 million, respectively.

    13

Other
Assets

Other
assets consisted of the following:

 Schedule
of Other Assets

    June 30,  
    December 31, 

    2025  
    2024 

    (In thousands) 
  
    Right of use assets 
    $7,838  
    $8,774 
  
    Net Investment in sales type lease 
     2,220  
     2,712 
  
    Non-current prepaid expenses and other assets 
     1,383  
     2,027 
  
    Total Other assets 
    $11,441  
    $13,513 

Accrued
Expenses and Other Current Liabilities

Accrued
expenses and other current liabilities consisted of the following:

 Schedule
of Accrued and Other Current Liabilities

    June 30,

    December 31,

    2025

    2024

    (In
    thousands)

    Accrued
    expenses
     
    $
    1,759

    $
    1,173

    Accrued
    salaries and benefits

    786

    560

    Lease
    liability – current portion

    1,718

    1,778

    Total
    Accrued expenses and other current liabilities
     
    $
    4,263

    $
    3,511

Other
Noncurrent Liabilities

Other
noncurrent liabilities consisted of the following:

 Schedule
of Other Noncurrent Liabilities

    June 30,

    December 31,

    2025

    2024

    (In
    thousands)

    Lease
    liabilities – noncurrent portion
     
    $
    7,620

    $
    8,475

    Other
    noncurrent liabilities

    1,076

    863

    Total
    other noncurrent liabilities
     
    $
    8,696

    $
    9,338

Note
7. Equipment Subject to Operating Lease, Net

The
equipment subject to operating leases to customers had a cost basis of $3.6 million and accumulated depreciation of $0.5 million as of June 30, 2025.