LiveWire Group Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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Jun 30, 2024 · Filed Aug 7, 2024
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6. Additional Balance Sheet Information
- Additional Balance Sheet Information
Inventories are valued at the lower of cost or net realizable value using the first-in, first-out (“FIFO”) method for electric motorcycles and related products and average costing method for electric balance bikes. Inventories, net consisted of the following (in thousands):
| June 30,2024 | December 31,2023 | |
|---|---|---|
| Raw materials and work in process | $— | $486 |
| Electric motorcycles and electric balance bikes | 31,443 | 28,205 |
| Parts and accessories and apparel | 2,619 | 3,431 |
| Inventories, net | $34,062 | $32,122 |
Accrued liabilities primarily include accrued capital expenditures of $3,424 thousand, accrued payroll and employee benefits of $4,249 thousand, accrued engineering costs of $3,356 thousand, and accrued restructuring of $1,990 thousand as of June 30, 2024. Accrued liabilities primarily include accrued capital expenditures of $4,933 thousand, accrued payroll and employee benefits of $7,077 thousand, and accrued engineering costs of $5,215 thousand as of December 31, 2023.
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