Company: LIDRW
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025747
Chunk: 86

Company: AEye, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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$26  $—  $26 
 Additions   1,046   3,266   4,312 
 Payments and conversions   —   (1,466)  (1,466)
 Change in fair value included in other income (expense), net   (284)  197   (87)
 Balance at June 30, 2025  $788  $1,997  $2,785 

   The key inputs into the Black-Scholes model for the derivative warrant liability from the 2025 Note valued at  June 30, 2025 are as follows:

       June 30, 2025  
 Expected term (years)   4.0 
 Expected volatility   190.0%
 Risk-free interest rate   3.7%
 Dividend yield   —%
 Exercise price  $2.22 

       13

   The key inputs into the binomial-lattice model for the 2025 Note valued at  June 30, 2025 are as follows:

       June 30, 2025  
 Expected term (years)   0.7 
 Expected volatility   190.0%
 Risk-free interest rate   4.1%
 Dividend yield   —%
 Estimated credit spread   35.9%

   If factors or assumptions change, the estimated fair values could be materially different. The value of the Company’s convertible note and derivative warrant liabilities would increase if a higher risk-free interest rate was used and would decrease if a lower risk-free interest rate was used. Similarly, a higher volatility assumption would increase the value of the liabilities, and a lower volatility assumption would decrease the value of the liabilities.

    3.   INVENTORIES 

   Inventory, net of write-downs, as of  June 30, 2025 and  December 31, 2024 were as follows (in thousands):

       June 30, 2025    December 31, 2024  
   (unaudited)      
 Raw materials  $214  $158 
 Work in-process   —   — 
 Finished goods   18   18 
 Total inventory, net  $232  $176 

   The Company also had $243 and $209 of noncurrent inventory (raw materials), net of write-down