v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 75,317 $ 87,804
Accounts receivable, net of allowance for credit losses of $211 and $2,599, respectively 30,506 63,736
Inventories 28,638 53,944
Prepaid expenses and other current assets 11,601 14,408
Due from related parties 1,561 1,683
Current assets of discontinued operations 0 5,590
Total current assets 147,623 227,165
Non-current assets:    
Goodwill 44,130 44,928
Property, plant, and equipment, net 14,595 7,037
Intangible assets, net 39,521 43,700
Right-of-use assets 3,448 2,413
Deferred tax assets, net 34 58,035
Other non-current assets 3,268 1,810
Non-current assets of discontinued operations 0 21,949
Total non-current assets 104,996 179,872
Total assets 252,619 407,037
Current liabilities:    
Accounts payable, current 40,485 59,138
Accrued expenses and other current liabilities 45,959 49,134
Loans payable, current 10,931 31,942
Contract liabilities 11,281 14,004
Accrued warranties 15,749 17,871
Lease liabilities, current 1,047 1,618
Due to related parties 4,621 5,061
Current liabilities of discontinued operations 0 7,404
Total current liabilities 130,073 186,172
Non-current liabilities:    
Loans payable, non-current 58,077 64,859
Loans payable, related parties, non-current 5,006 4,670
Contract liabilities, non-current 18,581 21,762
Lease liabilities, non-current 2,761 1,030
Deferred tax liabilities 9,756 0
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent 0 7,950
Total non-current liabilities 94,181 100,271
Total liabilities 224,254 286,443
Commitments and contingencies
Shareholders’ equity:    
Ordinary shares par value of $0.001; 990,000,000 shares authorized. 456,477,820 shares issued and 454,958,590 shares outstanding as of December 31, 2024. 456,477,820 shares issued and outstanding as of December 31, 2023. 10,000,000 shares, $0.001 par value, without designation; none authorized, issued and outstanding as of December 31, 2024 and 2023. 456 456
Treasury shares, at cost, 1,519,230 and none shares, respectively (342) 0
Additional paid-in capital 479,480 473,590
Accumulated other comprehensive income 3,344 3,513
Accumulated deficit (454,573) (358,854)
Total Mynd.ai, Inc. shareholders’ equity 28,365 118,705
Non-controlling interest 0 1,889
Total shareholders’ equity 28,365 120,594
Total liabilities and shareholders’ equity $ 252,619 $ 407,037

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