Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 141

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 18
Chunk 141
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. Leases

The Company currently maintains lease arrangements for corporate office space and vehicles. The Company's leases generally have initial terms ranging from one seven years

The table below presents certain information related to the Company’s lease costs:

                                                           For the Year Ended December 31,                                                       
                                                           2024                                            2023                 2022             
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Operating lease expense                                  $                                    1,737      $         1,958      $         1,818  
  Short-term lease expense                                 611                                             340                  110              
  Lease expense included within continuing operations      $                                    2,348      $         2,298      $         1,928  

The Company has no financing leases. All the right-of-use assets and lease liabilities recorded in the consolidated balance sheets relate to operating leases. The weighted-average remaining lease term for operating leases was 2.76 7.52

As of December 31, 2024, future minimum lease payments required under operating leases are as follows:

  For the Year Ended December 31,                                        
  2025                                                     $      1,196  
 ─────────────────────────────────────────────────────────────────────────
  2026                                                            1,236  
  2027                                                   839             
  2028                                                   632             
  2029                                                   438             
  Thereafter                                             111             
  Total minimum lease payments                                    4,452  
  Less: effects of discounting                        ( 644)             
  Present value of future minimum lease payments           $      3,808  

Table of contents

Mynd. ai. Inc.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In thousands of U. S. dollars, except share and per share data, or otherwise noted)

Note 17. Income Taxes

The provision for income taxes consists of the following:

                                        For the Year Ended December 31,                                                                      
                                        2024                                               2023                         2022                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Current expense:                                                                                                                           
  United Kingdom                        $                                       101           $            513            87                 
  United States                         85                                                  541                       ( 313)                 
  Foreign                               877                                                 116                          722                 
  Total current expense                                                       1,063                      1,