Company: LIDRW
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025747
Chunk: 96

Company: AEye, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 96
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 2025    2024  
 Research and development  $316  $499   1,011   1,708 
 Sales and marketing   126   3   255   185 
 General and administrative   718   1,238   2,395   2,861 
 Total stock-based compensation  $1,160  $1,740  $3,661  $4,754 

    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 $22 and $22 in the three and six months ended  June 30, 2025, respectively, and $6 and $26 in the three and six months ended  June 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 industries. The Company assessed the number of performance obligations associated with the promises under each agreement, primarily the delivery of customized perception-related goods and services, and recognized $0 and $64 in revenue for performance obligations that had been satisfied as of the three and six months ended  June 30, 2025, respectively, and $26