Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 129

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 18
Chunk 129
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) Rounding may impact summation of amounts.

Note 6. Inventories

Inventories consist of the following:

                      December 31,                                    
                      2024                          2023              
  Raw materials       $                 —           $            814  
 ──────────────────────────────────────────────────────────────────────
  Finished goods                        28,638                53,130  
  Inventories         $                 28,638      $         53,944  

Note 7. Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

                                                      December 31,                                    
                                                      2024                          2023              
 ──────────────────────────────────────────────────────────────────────────────────────────────────────
  Current tax assets                                  $                  4,583      $          4,661  
  Prepaid Expenses                                                       3,395                 5,696  
  Others                                                                 3,623                 4,051  
  Prepaid expenses and other current assets, net      $                 11,601                14,408  

Table of contents

Mynd. ai. Inc.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In thousands of U. S. dollars, except share and per share data, or otherwise noted)

Note 8. Property, Plant, and Equipment, net

Property, plant and equipment, net consist of the following:

                                                         December 31,                                          
                                                         2024                             2023                 
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Buildings                                              $                       338      $             1,691  
  Plant and machinery                                                          2,213                    2,246  
  Leasehold improvements                                 285                              132                  
  Computer and office equipment                                               16,896                   15,532  
  Furniture and fixtures                                                       1,696                    1,805  
  Internal use software                                                       11,311                    1,719  
  Construction and software development in progress                            2,853                    3,866  
                                                                              35,592                   26,991  
  Less: Accumulated depreciation                                           ( 20,997)                ( 19,954)  
  Property, plant and equipment, net                     $                    14,595      $             7,037  

During the years ended December 31, 2024, 2023, and 2022, the Company recorded depreciation expense