LiveWire Group Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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Sep 30, 2024 · Filed Nov 6, 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):
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Raw materials and work in process | $— | $486 |
| Electric motorcycles and electric balance bikes | 30,763 | 28,205 |
| Parts and accessories and apparel | 2,595 | 3,431 |
| Inventories, net | $33,358 | $32,122 |
Accrued liabilities primarily include accrued capital expenditures of $2,262 thousand, accrued payroll and employee benefits of $5,373 thousand, accrued engineering costs of $2,706 thousand, and accrued restructuring of $2,498 thousand as of September 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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