Company: IONQ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027722
Chunk: 70

Company: IonQ, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 6
Chunk 70
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2023

         Assets

         Operating lease right-of-use asset
          
         $
         3,120

         $
         3,452

         Liabilities

         Current portion of operating lease liabilities
          
         $
         681

         $
         661

         Unearned revenue

         204

         2,670

         Operating lease liabilities, net of current portion

         2,843

         3,181

        Transactions with Duke UniversityIn July 2016, the Company entered into an exclusive license agreement (the “License Agreement”) and an exclusive option agreement (the “Option Agreement”) with Duke whereby the Company, in the normal course of business, has licensed certain intellectual property and, in the case of the amendments to the Option Agreement, has purchased research and development services. Following the departure of the Company's Chief Technology Officer, Duke is no longer considered a related party as of July 1, 2024.

F-35

 The Company has the following balances related to agreements entered into while Duke was a related party, as reflected in the consolidated balance sheets (in thousands): 

         December 31,

         December 31,

         2024

         2023

         Assets

         Prepaid expenses and other current assets
          
         $
         520

         $
         520

         Other noncurrent assets

         285

         805

        21. GEOGRAPHIC INFORMATION The following table summarizes long-lived asset balances, which includes property and equipment, net and operating lease right-of-use assets, for geographic areas that individually accounted for 10% or more of the respective totals, as well as aggregate amounts for the remaining geographic areas (in thousands): 

         December 31,

         December 31,

         2024

         2023

         United States
          
         $
         52,723

         $
         41,955

         Switzerland

         9,357

         —

         Other international

         151

         173

         Total long-lived assets
          
         $
         62,231

         $
         42,128

        22. SEGMENT INFORMATIONThe Company operates as one operating segment as its chief executive officer, who is the chief operating decision maker, reviews financial information on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. Consolidated net loss as reported on the consolidated statements of operations is