XML 58 R41.htm IDEA: XBRL DOCUMENT v3.25.1

Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Lease, Cost

A summary of the balances relating to the Company’s lease assets and liabilities as of December 31, 2024 and 2023 consisted of the following (in thousands):

			Balance Sheet Location						December 31, 2024						December 31, 2023
Assets
Operating leases			Operating lease right-of-use assets, net						$	3,193					$	4,991
Equipment finance leases			Property and equipment, net						730						5,931
Total lease assets									3,923						10,922
Liabilities
Current
Operating leases			Other current liabilities						3,028						1,664
Equipment finance leases			Other current liabilities						1,054						2,005
Sub-total									4,082						3,669
Non-current
Operating leases			Other non-current liabilities						16,656						3,511
Equipment finance leases			Other non-current liabilities						418						1,472
Sub-total									17,074						4,983
Total lease liabilities									$	21,156					$	8,652

The finance lease cost during the years ended December 31, 2024 and 2023 consisted of the following (in thousands):

															Years Ended December 31,
						Income Statement Location									2024						2023
Amortization						Cost of goods sold									$	945					$	1,378
Interest accretion on finance lease liabilities						Other expense, net									214						418
Total															$	1,159					$	1,796

Schedule of Supplemental Cash Flow Information, Weighted-Average Remaining Lease Term and Discount Rate

The weighted-average remaining lease term and discount rates, as well as supplemental cash flow information for the years ended December 31, 2024 and 2023 consisted of the following (in thousands for the supplemental cash flow information):

						Years Ended December 31,
						2024						2023
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities						$	3,913					$	1,860
Right-of-use assets obtained in exchange for operating lease obligations						$	—					$	—
Weighted average remaining lease term:
Operating leases						7.1 years						2.9 years
Equipment finance leases						0.9 years						1.5 years
Weighted average discount rate:
Operating lease - incremental borrowing rate						8.9		%				5.5		%
Equipment finance leases - rate implicit in the lease						5.9		%				6.5		%

Schedule of Operating Leases, Maturity Analysis

A summary of the undiscounted cash flows and a reconciliation to the Company’s lease liabilities as of December 31, 2024 consisted of the following (in thousands):

						December 31, 2024
						Operating Leases						Equipment Finance Leases						Total
2025						$	4,601					$	1,119					$	5,720
2026						4,413						317						4,730
2027						2,684						129						2,813
2028						2,647						—						2,647
2029						2,728						—						2,728
Thereafter						9,934						—						9,934
Total future minimum lease payments						$	27,007					$	1,565					$	28,572
Less: imputed interest						7,323						93						7,416
Present value of Lease Liabilities						$	19,684					$	1,472					$	21,156

Schedule of Finance Lease, Liability, Maturity Analysis

A summary of the undiscounted cash flows and a reconciliation to the Company’s lease liabilities as of December 31, 2024 consisted of the following (in thousands):

						December 31, 2024
						Operating Leases						Equipment Finance Leases						Total
2025						$	4,601					$	1,119					$	5,720
2026						4,413						317						4,730
2027						2,684						129						2,813
2028						2,647						—						2,647
2029						2,728						—						2,728
Thereafter						9,934						—						9,934
Total future minimum lease payments						$	27,007					$	1,565					$	28,572
Less: imputed interest						7,323						93						7,416
Present value of Lease Liabilities						$	19,684					$	1,472					$	21,156

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
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

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Lease, Supplemental Cash Flow Information

+ References

No definition available.

+ Details

Name:	xos_LeaseSupplementalCashFlowInformationTableTextBlock
Namespace Prefix:	xos_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration