Company: RPID
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001380106-25-000174
Chunk: 336

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 336
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. Prepaid expenses and other current assets

Prepaid expenses and other current assets consisted of the following (in thousands):June 30,December 31,20252024Prepaid insurance$219 $838 Contract asset50 6 Deposits729 489 Prepaid financing fees529 290 Other756 843 $2,283 $2,466 

7. Property and equipment, net

Property and equipment, net consisted of the following (in thousands):June 30,December 31,20252024Manufacturing and laboratory equipment$15,307 $14,457 Computer hardware and software1,907 1,847 Office furniture and fixtures681 638 Leasehold improvements9,378 9,178 Construction-in-process872 1,594 28,145 27,714 Less: Accumulated depreciation(17,940)(16,521)$10,205 $11,193 Depreciation and amortization expense related to property and equipment was $0.7 million for each of the three months ended June 30, 2025 and 2024 and was $1.4 million for the six months ended June 30, 2025 and 2024.

8. Accrued expenses and other current liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):June 30,December 31,20252024Accrued employee compensation and benefits expense$3,230 $4,464 Accrued vendor expenses1,760 1,846 Accrued warranty expense435 520 Accrued taxes228 235 Other25 152 $5,678 $7,217 

9. Common stock and common stock warrants

As of both June 30, 2025 and December 31, 2024, the Company’s restated certificate of incorporation authorized the issuance of Class A and Class B common stock. Each share of Class A common stock entitles the holder to one vote on all matters submitted to a vote of the Company’s stockholders. The Company’s Class B common stock is non-voting. Class A and Class B common stockholders are entitled to receive dividends, as may be declared by the board of directors, if any, subject to the preferential dividend rights of Preferred Stock. As of June 30, 2025, no cash dividends had been declared or paid.

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During the quarter