Company: LIDRW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033677
Chunk: 91

Company: AEye, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 91
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 ended September 30, 

        Nine months ended September 30, 

        2025 

        2024 

        2025 

        2024 

        Research and development 
        
       $
       201

       $
       926

       $
       1,212

       $
       2,634

        Sales and marketing 

       79

       37

       334

       222

        General and administrative 

       791

       1,285

       3,186

       4,146

        Total stock-based compensation 
        
       $
       1,071

       $
       2,248

       $
       4,732

       $
       7,002

    13.   SEGMENT INFORMATION 

   The Company adopted ASU 2023-07 during the year ended  December 31, 2024. The Company has one reportable segment managed on a consolidated basis by the Chief Executive Officer who is the chief operating decision maker (“CODM”). In identifying one reportable segment, the Company considered the basis of organization for the design and development of high-performance, active lidar systems and applications.
    
   The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance and decides how to allocate resources based on consolidated net loss as reported in the consolidated statements of operations and comprehensive loss.  There are no other expense categories regularly provided to the CODM that are not already included in the consolidated statements of operations and comprehensive loss. The measure of segment assets is reported on the balance sheet as cash, cash equivalents, and marketable securities.

    14.  REVENUE 

   Sale of Prototypes
    
   The Company recorded revenue for prototype sales of $41 and $63 in the three and nine months ended  September 30, 2025, respectively, and $65 and $91 in the three and nine months ended  September 30, 2024, respectively. The Company does not incur significant contract costs in fulfilling or obtaining its contracts with customers.

       20

   Development Contracts
    
   The Company has entered into research and development contracts as well as a sales, marketing and technical support services contract with companies in both the Automotive and in Non-Automotive markets. The Company assessed the number of performance obligations associated with the