v3.24.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 91,784 $ 29,312
Accounts receivable, net of allowance for credit losses of $2,599 and $2,970 63,865 61,061
Inventories 53,098 111,227
Prepaid expenses and other current assets 14,666 8,977
Due from related parties 2,759 2,093
Loan receivable, related party 0 7,919
Prepaid subscriptions 0 7,300
Current assets of discontinued operations 0 5
Total current assets 226,172 227,894
Non-current assets:    
Goodwill 46,924 42,048
Property, plant, and equipment, net 11,878 2,998
Intangible assets, net 51,450 47,997
Right-of-use assets 7,491 3,110
Deferred tax assets, net 56,381 44,627
Other non-current assets 4,094 107
Total non-current assets 178,218 140,887
Total assets 404,390 368,781
Current liabilities:    
Accrued expenses and other current liabilities 45,389 47,085
Loans payable, current 31,942 48,030
Contract liabilities 14,110 10,148
Accrued warranties 17,871 13,550
Lease liabilities, current 4,412 1,788
Current liabilities of discontinued operations 163 597
Total current liabilities 178,562 206,647
Non-current liabilities:    
Contract liabilities, non-current 21,762 17,692
Lease liabilities, non-current 3,412 1,634
Other non-current liabilities 4,250 1,076
Deferred tax liabilities 1,317 0
Total non-current liabilities 100,270 25,123
Total liabilities 278,832 231,770
Commitments and contingencies
Shareholders’ equity:    
Ordinary shares par value of $0.001; 990,000,000 shares authorized, 456,477,820 and 426,422,220 shares issued and outstanding, respectively. 10,000,000 shares, $0.001 par value, without designation. 456 426
Additional paid-in capital 473,590 448,065
Accumulated other comprehensive income (loss) 3,513 4,546
Accumulated deficit (353,890) (316,026)
Total Mynd.ai, Inc. shareholders’ equity 123,669 137,011
Non-controlling interest 1,889 0
Total shareholders’ equity 125,558 137,011
Total liabilities and shareholders’ equity 404,390 368,781
Related Party    
Current assets:    
Accounts receivable, net of allowance for credit losses of $2,599 and $2,970 2,759 2,093
Current liabilities:    
Accounts payable, current 5,080 3,978
Non-current liabilities:    
Long-term debt, excluding current maturities 4,670 4,445
Nonrelated Party    
Current liabilities:    
Accounts payable, current 59,595 81,471
Loans payable, current   48,030
Non-current liabilities:    
Long-term debt, excluding current maturities $ 64,859 $ 276

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