Company: LIDRW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033677
Chunk: 83

Company: AEye, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 83
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 the lease settlement valued at  September 30, 2025 are as follows:

       September 30, 2025  
 Expected term (years)   4.9 
 Expected volatility   143.0%
 Risk-free interest rate   3.7%
 Dividend yield   —%
 Exercise price  $2.22 

   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  September 30, 2025 and  December 31, 2024 were as follows (in thousands):

       September 30, 2025    December 31, 2024  
   (unaudited)      
 Raw materials  $448  $158 
 Work in-process   418   — 
 Finished goods   18   18 
 Total inventory, net  $884  $176 

   The Company also had $0 and $209 of noncurrent inventory (raw materials), net of write-downs, classified within other noncurrent assets on the condensed consolidated balance sheet as of  September 30, 2025 and  December 31, 2024, respectively.
    
   The Company’s current and noncurrent inventory as of  September 30, 2025 and  December 31, 2024 was written down by $4,607 and $4,659, respectively, in order to reduce inventory to the lower of cost or net realizable value.

    4.   PREPAID AND OTHER CURRENT ASSETS 

   Prepaid and other current assets as of  September 30, 2025 and  December 31, 2024 were as follows (in thousands):

       September 30, 2025    December 31, 2024  
   (unaudited)      
 Prepaid expenses  $871  $966 
 Receivable for issuance of common stock   —   1,679 
 Other   64   61 
 Total prepaid and