Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 27

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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    Right-of-use assets: 

    Net book value (Other assets) 
    $7,838  
    $8,774 
  
    Operating lease liabilities: 

    Current (Accrued expense and other current liabilities) 
    $1,569  
    $1,612 
  
    Noncurrent (Other noncurrent liabilities) 
     7,583  
     8,361 
  
    Total operating lease liabilities 
     9,152  
     9,973 
  
    Financing lease liabilities: 

    Current (Accrued expense and other current liabilities) 
    $149  
    $142 
  
    Noncurrent (Other noncurrent liabilities) 
     37  
     114 
  
    Total financing lease liabilities 
    $186  
    $256 
  
    Total lease liabilities 
    $9,338  
    $10,229 

There
were no impairments recorded related to these assets as of June 30, 2025 and December 31, 2024.

Information
about lease-related balances were as follows:

 Schedule
of Lease-related Balances

    2025  
    2024  
    2025  
    2024 

    Three Months Ended June 30,  
    Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 

    (In thousands, except years and percentages)  
    (In thousands, except years and percentages) 
  
    Operating lease expense 
    $578  
    $746  
    $1,156  
    $1,492 
  
    Financing lease expense 
     40  
     43  
     80  
     92 
  
    Short-term lease expense 
     45  
     40  
     86  
     108 
  
    Total lease expense 
    $663  
    $829  
    $1,322  
    $1,692 
  
    Cash paid for leases 
    $595  
    $752  
    $1,190  
    $1,498 
  
    Weighted – average remaining lease term – operating leases (years) 
     6.8  
     7.5  
     6.8