Company: LIDRW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033677
Chunk: 85

Company: AEye, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 85
---
  on the date of issuance. The Company recorded a net gain on termination of operating lease of $1,014 during the nine months ended  September 30, 2025. See Note 17, Commitments and Contingencies, for further discussion. 
     
   The components of operating lease expenses, excluding the loss (gain) on early termination of operating lease, for the nine months ended  September 30, 2025 and 2024, are as follows (in thousands):

       Three months ended September 30,    Nine months ended September 30,  
   2025    2024    2025    2024  
 Operating lease cost  $74  $264  $215  $1,435 
 Variable lease cost   4   32   12   201 
 Total operating lease cost  $78  $296  $227  $1,636 

   Maturities of lease liabilities are as follows (in thousands):

       Operating leases  
 Years ending - December 31:   (unaudited)  
 2025 (remaining three months)  $70 
 2026   283 
 2027   258 
 Total lease payments   611 
 Less amount to discount to present value   (39)
 Present value of lease liabilities  $572 

       15

    6.   ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES  

   Accrued expenses and other current liabilities as of  September 30, 2025 and  December 31, 2024 are as follows (in thousands):

       September 30, 2025    December 31, 2024  
   (unaudited)      
 Lease termination liability  $—  $3,313 
 Accrued payroll   380   347 
 Operating lease liabilities   273   267 
 Accrued payroll taxes   96   159 
 Accrued bonuses   1,961   2,875 
 Accrued other   798   748 
 Total accrued expenses and other current liabilities  $3,508  $7,709 

    7.  CONVERTIBLE NOTES 

   2024 Promissory Note
    
   On  May 10, 202