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Deferred Compensation
 12 Months Ended
Dec. 31, 2025
Payables and Accruals [Abstract]  
Deferred Compensation

 

9. Balance Sheet Details

 

Prepaid expenses and other current assets consisted of the following as of December 31:

 

Schedule of Prepaid expenses and other assets 

(In Thousands)  2025   2024 
Prepaid insurance  $835   $296 
Prepaid taxes   464    - 
Value added tax   616    651 
Vendor prepayments   4,984    1,009 
Other   609    354 
Prepaid expenses and other current assets   $7,508   $2,310 

 

Accrued expenses consisted of the following as of December 31:

  

(In Thousands)  2025   2024 
Accrued legal and professional fees  $945   $1,573 
Payroll related expenses   5,026    3,380 
Accrued warranty   299    287 
Accrued taxes   385    9,670 
Other accrued expenses   969    1,464 
Accrued expenses   $7,624   $16,374 

 

10. Deferred Compensation

 

As part of the Agreement and Plan of Merger by and among Jaunt, Legacy AIRO, the Company, Jaunt Merger Sub, LLC and Martin Peryea as member representative, dated as of October 6, 2021, as amended, and subsequent to that acquisition, the Company had deferred salary arrangements with various employees that allowed for a portion of their compensation to be deferred and paid upon a single outside investment of no less than $25 million, or such earlier time as the Company determined in its sole discretion that sufficient funds were available to commence payment of the deferred amounts. As of December 31, 2024, the accrued deferred compensation was $11.2 million.

 

For the year ended December 31, 2025, the Company issued approximately 0.2 million shares, net of shares withheld for taxes, made total cash payments of $1.1 million, and recorded a $5.9 million gain within other income related to the settlement of these obligations.