Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 1208

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 1208
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 laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
 
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.
 
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
 
/s/ DELOITTE & TOUCHE LLP
 
San Francisco, California
 
March 26, 2024 (February 24, 2025 as to Note 16)
 
We began serving as the Company’s auditor in 2018. In 2024 we became the predecessor auditor.

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      AEYE, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except share and par value) 

      As of December 31,  
   2024    2023  
 ASSETS         
 CURRENT ASSETS:         
 Cash and cash equivalents  $10,266  $16,932 
 Marketable securities   12,012   19,591 
 Accounts receivable, net   11   131 
 Inventories, net   176   583 
 Prepaid and other current assets   2,706   2,517 
 Total current assets   25,171   39,754 
 Right-of-use assets   652   11,226 
 Property and equipment, net   605   281 
 Restricted cash   —   2,150 
 Other noncurrent assets   692   906 
 Total assets  $27,120  $54,317