v3.25.4
ACCRUED EXPENSES
9 Months Ended
Sep. 30, 2025
Payables and Accruals [Abstract]  
ACCRUED EXPENSES ACCRUED EXPENSES
Accrued expenses consisted of the following:
September 30, 2025December 31, 2024
Accrued litigation costs$9,037 $25,627 
Accrued compensation866 722 
Accrued warranties61 226 
Accrued purchases291 3,109 
Accrued audit fees365 2,008 
Accrued restructuring costs58 1,053 
Other accrued expenses2,232 2,321 
Total accrued expenses$12,910 $35,066 
As of September 30, 2025, accrued litigation costs primarily included (i) $6.8 million related to a service provider demand and (ii) $1.95 million related to settlement of the Schwartz Action. As of December 31, 2024, accrued litigation costs primarily included (i) the Company’s $14.875 million share of the settlement related to consolidated class action complaints in the Court of Chancery of the State of Delaware, (ii) $6.8 million related to the service provider demand, (iii) $1.95 million related to settlement of the securities class action pursuant to the complaint in the United States District Court for the Southern District of New York (Brennan v. Latch, Inc., et al., Case No. 1:22-cv-07473, the “Brennan Action”), and (iv) $1.95 million related to settlement of the Schwartz Action. See Note 15. Commitments and Contingencies for definitions and further discussion of such matters.