Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 279

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 279
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            | 9,338 |

Note 7. EquipmentSubject to Operating Lease, Net Equipment Subject to Operating Lease, Net

The equipment subject to operating leases to customers had a cost basis of $ 3.6million and accumulated depreciation of $ 0.5 million as of June 30, 2025. The equipment leased to customers had a cost basis of $ 4.6 million and accumulated depreciation of $ 0.9 million as of December 31, 2024.

The
equipment subject to operating lease consisted of the following:

Schedule of Equipment Subject to Operating Lease

|                                           |     | June           
 30,            
 2025           
 (In thousands) |       |   |     | December 
 31,      
 2024     |       |   |
|:------------------------------------------|:----|:---------------|------:|:--|:----|:---------|------:|:--|
| Equipment on                              
 Lease                                     |     | $              |     - |   |     | $        |     — |   |
| Equipment                                 
 Available for Lease                       |     |                | 3,566 |   |     |          | 4,622 |   |
| Total                                     
 Equipment Subject to Operating Lease      |     | $              | 3,566 |   |     | $        | 4,622 |   |
| Accumulated                               
 Depreciation                              |     |                |  (546 | ) |     |          |  (949 | ) |
| Total                                     
 Equipment Subject to Operating Lease, Net |     | $              | 3,020 |   |     | $        | 3,673 |   |

The total depreciation expense was $ 0and $ 0.2million included in cost of revenue for the three months ended June 30, 2025 and 2024, respectively. The total depreciation expense was $ 0and $ 0.5million included in cost of revenue for the six months ended June 30, 2025 and 2024, respectively.

Lease payments from customers consisted of the following:

Schedule of Lease Payments from Customers

|                             |     | 2025                        
 Three Months Ended June 30, 
 2025                        
 (In thousands)              |    |     | 2024 
 2024 |     |     | 2025                      
 Six Months Ended June 30, 
 2025                      |    |     | 2024