XML 30 R17.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Leases | 6 Months Ended
--- | ---
Jun. 30, 2024
Leases |
Leases | Note 11 – Leases The Company leases its facilities and certain equipment. Fixed rent escalates each year, and the Company is responsible for a portion of the landlords’ operating expenses such as property tax, insurance, and common area maintenance. The Company’s facility in Louisville, Colorado, is under a noncancelable operating lease with a maturity date in September 2029. In 2022, the Company amended this operating lease to incorporate a prior subleased space into the base lease and extend the term of the lease. The Company has the right to renew this operating lease for an additional five-year period. On September 1, 2021, the Company entered into an industrial operating lease agreement for its facility in Thornton, Colorado, with the initial term through March 31, 2029. Under this operating lease, the Company has one option to renew for five years, which has been included in the calculation of lease liabilities and right-of-use assets at the adoption date of the lease accounting standard on January 1, 2022, as the exercise of the option was reasonably certain. As the renewal rent has not been negotiated, the Company used an estimated rent rate which approximated the fair market rent at adoption of ASC 842 on January 1, 2022 for the extension period. The Company has certain equipment leases classified as finance leases as of June 30, 2024. The Company’s leases do not have any contingent rent payments and do not contain residual value guarantees. The components of lease expense are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended June 30, |  | Six Months Ended June 30, | ​
​ |  | 2024 | ​ | 2023 |  | 2024 | ​ | 2023 | ​
Finance lease costs: |  | ​ |  | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​
Amortization of right-of-use assets | ​ | $ | 58 | ​ | $ | 47 | ​ | $ | 116 | ​ | $ | 91 | ​
Interest on lease liabilities | ​ |  | 12 | ​ |  | 13 | ​ |  | 26 | ​ |  | 25 | ​
Operating lease costs | ​ |  | 290 | ​ |  | 290 | ​ |  | 580 | ​ |  | 580 | ​
Total lease expense | ​ | $ | 360 | ​ | $ | 350 | ​ | $ | 722 | ​ | $ | 696 | ​
​ The components of cash flow information related to leases are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended June 30, |  | Six Months Ended June 30, | ​
​ |  | 2024 | ​ | 2023 |  | 2024 | ​ | 2023 | ​
Operating outgoing cash flows – finance leases | ​ | $ | 13 | ​ | $ | 14 | ​ | $ | 27 | ​ | $ | 26 | ​
Financing outgoing cash flows – finance leases | ​ |  | 94 | ​ |  | 74 | ​ |  | 186 | ​ |  | 141 | ​
Operating outgoing cash flows – operating leases | ​ |  | 292 | ​ |  | 283 | ​ |  | 584 | ​ |  | 567 | ​
Right-of-use assets obtained in exchange for new finance lease liabilities: | ​ | ​ | — | ​ | ​ | 79 | ​ | ​ | — | ​ | ​ | 89 | ​
Right-of-use assets obtained in exchange for new operating lease liabilities: | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
​ ​
​ | ​ | ​ | ​
​ |  | June 30, 2024 |
Finance lease |  |  | ​
Weighted-average remaining lease term – finance leases (in years) |  | 2.47 | ​
Weighted-average discount rate – finance leases |  | 6.6 | %
Operating lease |  | ​ | ​
Weighted-average remaining lease term – operating leases (in years) |  | 8.75 | ​
Weighted-average discount rate – operating leases |  | 6.8 | %
​ As of June 30, 2024, future minimum payments during the next five years and thereafter are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
Fiscal year |  | Finance Lease |  | Operating Lease
2024 (remaining six months) | ​ | $ | 212 | ​ | $ | 589
2025 | ​ | ​ | 310 | ​ | ​ | 1,210
2026 | ​ | ​ | 179 | ​ | ​ | 1,248
2027 | ​ | ​ | 85 | ​ | ​ | 1,288
2028 | ​ | ​ | 16 | ​ | ​ | 1,329
2029 | ​ | ​ | — | ​ | ​ | 1,211
Thereafter | ​ | ​ | — | ​ | ​ | 4,031
Total | ​ | ​ | 802 | ​ | ​ | 10,906
Less present value discount | ​ | ​ | (59) | ​ | ​ | (2,589)
Total lease liabilities | ​ | $ | 743 | ​ | $ | 8,317
​

X
- Definition The entire disclosure of information about leases. + References No definition available. + Details
Name: | sldp_LeaseDisclosureTextBlock
Namespace Prefix: | sldp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration