Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 118

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 118
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 $— 

       79

       Fair Value Measured as of December 31, 2023 Using:  
               Cash and      
   Adjusted    Unrealized    Fair    Cash    Marketable  
   Cost    gains    Value    Equivalent    Securities  
 Assets                     
 Level 1                     
 Money market funds  $16,377  $—  $16,377  $16,377  $— 
 Level 2                     
 Corporate bonds   2,880   1   2,881   —   2,881 
 Commercial paper   8,809   5   8,814   —   8,814 
 U.S. Government securities   7,892   4   7,896   —   7,896 
 Total financial assets  $35,958  $10  $35,968  $16,377  $19,591 
 Liabilities                     
 Level 2                     
 Private placement warrant liability  $—  $—  $—  $—  $— 
 Level 3                     
 Derivative warrant liability   —   —   26   —   — 
 Total financial liabilities  $—  $—  $26  $—  $— 

   The Company’s financial assets and liabilities subject to fair value procedures were comprised of the following:
    
   Money Market Funds: The Company holds financial assets consisting of money market funds. These securities are valued using observable inputs, such as quoted prices in active markets for identical assets or liabilities.
    
   Marketable Securities: The Company holds financial assets consisting of fixed-income U.S. government agency securities, corporate bonds, and commercial paper. The securities are valued using prices from independent pricing services based on quoted prices of identical instruments in less active or inactive markets. Additionally, quoted prices of similar instruments in active market or industry models using data inputs such as interest rates and prices that can be directly observed or corroborated in active markets are used to value marketable securities.
    
   Derivative Warrant Liability: On  September 15, 2022, the Company entered into a convertible note agreement with a face value of $10,500 (the