Company: AIP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048977
Chunk: 257

Company: Arteris, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 257
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 million and $0.3 million for the three months ended September 30, 2025 and 2024, respectively, and $1.2 million and $0.8 million for the nine months ended September 30, 2025 and 2024, respectively.Maturities of operating lease liabilities as of September 30, 2025 were as follows (in thousands):Fiscal year ending December 31,AmountRemainder of 2025$376 20261,597 20271,528 20281,109 2029411 Thereafter596 Total undiscounted cash flows5,617 Less: imputed interest(1,000)Present value of lease liabilities$4,617 Operating lease liabilities, current$1,186 Operating lease liabilities, noncurrent3,431 Total lease liabilities $4,617 

9.    BORROWINGS

Vendor financing arrangements—The Company has various vendor financing arrangements with extended payment terms on the purchase of software licenses and equipment. In order to determine the present value of the commitments, the Company used an imputed interest rate of 10.0%, which is an estimate based on the Company’s collateralized borrowing rate.Expected cash flows related to vendor financing arrangements as of September 30, 2025 were as follows (in thousands):Fiscal year ending December 31,AmountRemainder of 2025$671 20261,240 2027500 Total undiscounted cash flows2,411 Less: Imputed interest(173)Present value of vendor financing arrangements$2,238 Vendor financing arrangements, current$1,614 Vendor financing arrangements, noncurrent624 $2,238 

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10.    COMMITMENTS AND CONTINGENCIES

Indemnifications—The Company often enters into limited indemnification provisions in license agreements in the ordinary course of the Company’s licensing business. Pursuant to these provisions, which are often inserted into license agreements in the semiconductor IP and software licensing industries, the Company agrees to indemnify, hold harmless, and reimburse the indemnified parties up to a capped amount for losses suffered or incurred by such indemnified parties due to third-party claims if such claims are determined to be caused by the Company. The term of these indemnification provisions is generally either for a term of years or perpetual, in each case beginning on the execution date of the agreement. The Company has also agreed to indemnify under indemn