Company: GCTS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000950170-25-044438
Chunk: 199

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1B
Chunk 199
---
ongho Lee

        Borrowings
         
        $
        12,245

        $
        5,517

        $
        10,082

        $
        1,474

        Other current liabilities

        14

        86

        212

        182

       For each of the years ended December 31, 2024 and 2023, the Company recorded $0.5 million of interest expense with Anapass, Inc. in the consolidated statements of operations. Interest expense related to the Company’s arrangements with Kyeongho Lee was $0.1 million for each of the years ended December 31, 2024 and 2023.

15. Segments and InformationThe Company operates in one reportable segment. The Company’s chief operating decision maker is its Chief Executive Officer. When evaluating the Company’s financial performance and making strategic decisions, the chief operating decision maker utilizes consolidated revenue, operating expenses, and other income and expenses and does not regularly review this information except as presented in the consolidated financial statements. Long-lived assets by geographic region were as follows (in thousands): 

        December 31, 2024

        December 31, 2023

        South Korea
         
        $
        877

        $
        1,363

        United States

        841

        930

        Total
         
        $
        1,718

        $
        2,293

16. Net Loss Per ShareThe following outstanding potentially dilutive common stock equivalents were excluded from the computation of diluted net loss per share for the periods indicated because including them would have been antidilutive (in thousands): 

        December 31,

        2024

        2023

        Common stock warrants

        26,273

        2,894

        Legacy GCT Earnout Shares

        20,000

        —

        Sponsor Earnout Shares

        571

        —

        Convertible promissory notes

        500

        1,835

        Options issued and outstanding

        535

        668

        RSUs outstanding

        1,214

        392

        Total

        49,093

        5,789

17. Subsequent EventsKyeongho Lee, Related PartyIn January 2025, the Company entered into a term loan agreement with Kyeongho Lee pursuant to which the Company borrowed K