Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 278

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 278
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 | 1,724 |
| Vendor prepayments          |     |                | 1,077 |     |              |   612 |
| Total                       |     | $              | 2,783 |     | $            | 2,336 |

Property and Equipment, Net

Property and equipment, net consisted of the following:

Schedule of Property and Equipment, Net

|                                                |     | June 30,       
 2025           
 (In thousands) |         |   |     | December 31, 
 2024         |         |   |
|:-----------------------------------------------|:----|:---------------|--------:|:--|:----|:-------------|--------:|:--|
| Computers and software                         |     | $              |   2,525 |   |     | $            |   2,525 |   |
| Lab equipment and other equipment              |     |                |  13,395 |   |     |              |  11,011 |   |
| Furniture and fixtures                         |     |                |     206 |   |     |              |     206 |   |
| Leasehold improvements                         |     |                |  13,379 |   |     |              |  13,312 |   |
| Construction in progress                       |     |                |      88 |   |     |              |       — |   |
| Total property, plant and equipment            |     |                |  29,593 |   |     |              |  27,054 |   |
| Less accumulated depreciation and amortization |     |                | (14,392 | ) |     |              | (12,784 | ) |
| Property, plant and equipment, net             |     | $              |  15,201 |   |     | $            |  14,270 |   |

Depreciation expense for the three months ended June 30, 2025 and 2024 was $ 0.8million and $ 1.1million, respectively. Depreciation expense for the six months ended June 30, 2025 and 2024 was $ 1.7million and $ 2.2million, respectively.

| F-63 |

Other Assets

Other assets consisted of the following:

Schedule of Other Assets

|                                               |     | June 30,       
 2025           
 (In thousands) |        |     | December 31,