LiveWire Group, Inc.
For the period ended Mar 31, 2025. Filed May 6, 2025.
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Mar 31, 2025 · Filed May 6, 2025
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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 and electric bikes. Inventories, net consisted of the following (in thousands):
| March 31,2025 | December 31,2024 | |
|---|---|---|
| Raw materials and work in process | $113 | $— |
| Electric motorcycles, electric balance bikes and electric bikes | 26,547 | 24,862 |
| Parts and accessories and apparel | 1,831 | 2,080 |
| Inventories, net | $28,491 | $26,942 |
Accrued liabilities primarily include accrued capital expenditures of $1,551 thousand, accrued payroll and employee benefits of $2,202 thousand, accrued engineering costs of $2,732 thousand, and accrued restructuring of $174 thousand as of March 31, 2025. Accrued liabilities primarily include accrued capital expenditures of $1,989 thousand, accrued payroll and employee benefits of $5,757 thousand, accrued engineering costs of $2,614 thousand, accrued restructuring of $675 thousand and an accrual of $1,802 thousand for an unfavorable arbitration ruling related to a supplier claim (as discussed in Note 10) as of December 31, 2024.
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