Prepaid expenses and other current assets as of June 30, 2026 and December 31, 2025 consisted of the following (in thousands):


	June 30, 2026		December 31, 2025
Prepaid inventories	$	202	$	465
Prepaid expenses and other(1)		2,162		2,184
Lease receivable		212		517
Financed insurance premiums		814		1,076
Assets held for sale(2)		323		599
Total prepaid expenses and other current assets	$	3,713	$	4,841

Other non-current assets as of June 30, 2026 and December 31, 2025 consisted of the following (in thousands):


	June 30, 2026		December 31, 2025
Security deposits(1)	$	—	$	338
Duty drawback receivable(2)		2,709		2,709
Lease receivable, non-current		56		55
Other non-current assets		1,412		1,530
Total other non-current assets	$	4,177	$	4,632

(1)

Primarily relates to security deposits for operating leases.

(2)

Represents the estimated amount that can be recovered from previously paid tariffs relating to crushed SOLO vehicles that were acquired in connection with the ElectraMeccanica acquisition.

Other current liabilities as of June 30, 2026 and December 31, 2025 consisted of the following (in thousands):


	June 30, 2026		December 31, 2025
Accrued expenses and other(1)	$	6,326	$	5,827
Contract liabilities, current(2)		235		243
Accrued interest(3)		1,597		758
Accrued payroll(4)		1,383		2,004
Customer deposits(5)		777		616
Warranty liability		1,220		1,477
Short-term insurance financing notes		670		958
Operating lease liabilities, current(6)		1,150		1,836
Finance lease liabilities, current		243		292
Total other current liabilities	$	13,601	$	14,011

(1)

Primarily relates to other accrued expenses, accrued inventory purchases, remaining lease termination payments related to the Mesa Lease, and accrued professional fees.

(2)

Contract liabilities, current, arising from contracts with customers is $0.3 million as of December 31, 2024.

(3)

Represents accrued interest on the Convertible Promissory Note, which interest is convertible into shares of our Common Stock at maturity.

(4)

Primarily relates to payroll liabilities such as accrued payroll, accrued vacation, accrued bonuses and other payroll liabilities.

(5)

Customer deposits balance is $1.3 million as of December 31, 2024.

Revenue recognized from the customer deposits and contract liabilities balance for both of the three months ended June 30, 2026 and 2025 was $0.1 million. Revenue recognized from the customer deposits and contract liabilities balance for the six months ended June 30, 2026 and 2025 was $0.6 million and $0.4 million, respectively.

Other non-current liabilities as of June 30, 2026 and December 31, 2025 consisted of the following (in thousands):


	June 30, 2026		December 31, 2025
Accrued interest expense and other	$	35	$	616
Contract liabilities, non-current(1)		347		342
Operating lease liabilities, non-current(2)		629		262
Finance lease liabilities, non-current		22		125
Total other non-current liabilities	$	1,033	$	1,345

(1)

Contract liabilities, non-current, arising from contracts with customers is $0.4 million as of December 31, 2024.

(2)

Primarily relates to operating lease liabilities assumed in connection with the ElectraMeccanica acquisition.