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Selected Balance Sheet Data (Tables)
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets for the years ended December 31, 2024 and 2023 consisted of the following (in thousands):
December 31, 2024December 31, 2023
Prepaid inventories$725 $1,745 
Prepaid expenses and other (1)
2,814 1,291 
Lease receivable
1,264 1,505 
Contract assets
1,099 811 
Financed insurance premiums1,315 1,310 
Assets held for sale651 408 
Total prepaid expenses and other current assets
$7,868 $7,070 
____________
(1) Primarily relates to assets acquired in connection with the ElectraMeccanica acquisition (for 2024), prepaid licenses and subscriptions, prepaid insurance and other receivables.
Schedule of Other Assets, Noncurrent
Other non-current assets as of December 31, 2024 and December 31, 2023 consisted of the following (in thousands):
December 31, 2024December 31, 2023
Security deposits$1,873 $1,599 
Duty drawback receivable(1)
2,709 — 
Lease receivable, non-current
545 107 
Other non-current assets1,601 632 
Total other non-current assets$6,728 $2,338 
___________
(1) Represents the estimated amount that can be recovered from previously paid tariffs relating to crushed SOLO vehicles that were acquired in connection with the ElectraMeccanica acquisition.
Schedule of Other Current Liabilities
Other current liabilities for the years ended December 31, 2024 and 2023 consisted of the following (in thousands):
December 31, 2024December 31, 2023
Accrued expenses and other (1)
$2,886 $5,539 
Accrued interest (2)
4,789 — 
Accrued payroll (3)
2,079 1,896 
Contract liabilities
260 690 
Customer deposits
1,275 2,364 
Warranty liability
740 1,306 
Equipment notes payable, current
377 350 
Short-term insurance financing notes
1,280 1,003 
Operating lease liabilities, current
3,028 1,664 
Finance lease liabilities, current
1,054 2,005 
Total other current liabilities
$17,768 $16,817 
____________
(1) Primarily relates to the liabilities assumed in connection with the ElectraMeccanica acquisition, accrued inventory purchases, accrued professional fees, and other accrued expenses.
(2) Represents accrued interest on the Note (as defined in Note 10), which interest is convertible into shares of the Company’s Common Stock at maturity. See Note 10 — Convertible Notes.
(3) Primarily relates to payroll liabilities such as accrued payroll, accrued vacation, accrued bonuses and other payroll liabilities.
Schedule of Other Noncurrent Liabilities
Other non-current liabilities as of December 31, 2024 and 2023 consisted of the following (in thousands):
December 31, 2024December 31, 2023
Accrued interest expense and other
$635 $2,985 
Equipment notes payable, non-current224 593 
Operating lease liabilities, non-current16,656 3,511 
Finance lease liabilities, non-current418 1,472 
Total other non-current liabilities$17,933 $8,561