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Selected Balance Sheet Data
 6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Selected Balance Sheet Data Selected Balance Sheet Data
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets for the years ended December 31, 2023 and 2022 consisted of the following (in thousands):
December 31, 2023December 31, 2022
Prepaid inventories$1,745 $2,372 
Prepaid expenses and other (1)
2,796 1,299 
Contract assets811 290 
Financed insurance premiums1,310 2,289 
Assets held for sale408 1,850 
Total prepaid expenses and other current assets
$7,070 $8,100 
__________________
(1)Primarily relates to prepaid licenses and subscriptions, prepaid insurance and other receivables.
Other Current Liabilities
Other current liabilities for the years ended December 31, 2023 and 2022 consisted of the following (in thousands):
December 31, 2023December 31, 2022
Accrued expenses and other (1)
$7,435 $7,589 
Contract liabilities690 193 
Customer deposits2,364 721 
Warranty liability1,306 1,099 
Equipment notes payable, current350 303 
Short-term insurance financing notes1,003 2,065 
Operating lease liabilities, current1,664 1,530 
Finance lease liabilities, current2,005 2,116 
Total other current liabilities
$16,817 $15,616 
__________________
(1)Primarily relates to accrued inventory purchases, personnel costs, wages, health benefits, vacation and other accruals.
Revenue recognized for the year ended December 31, 2023 from the customer deposits balance as of December 31, 2022 was $0.4 million. Revenue recognized for the year ended December 31, 2022 from the customer deposits balance as of December 31, 2021 was $0.8 million.
Other Non-Current Liabilities
Other non-current liabilities as of December 31, 2023 and 2022 consisted of the following (in thousands):
December 31, 2023December 31, 2022
Accrued interest expense and other$2,985 $784 
Equipment notes payable, non-current593 942 
Operating lease liabilities, non-current3,511 5,174 
Finance lease liabilities, non-current1,472 4,100 
Total other non-current liabilities
$8,561 $11,000 
Selected Balance Sheet Data
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets as of June 30, 2024 and December 31, 2023 consisted of the following (in thousands):
June 30, 2024
December 31, 2023
Prepaid inventories$2,801 $1,745 
Prepaid expenses and other(1)
3,417 2,796 
Contract assets315 811 
Financed insurance premiums1,394 1,310 
Assets held for sale408 408 
Total prepaid expenses and other current assets
$8,335 $7,070 
__________________
(1)Primarily relates to assets acquired in connection with the ElectraMeccanica acquisition, prepaid licenses and subscriptions, prepaid insurance and other receivables.
Other Non-Current Assets
Other non-current assets as of June 30, 2024 and December 31, 2023 consisted of the following (in thousands):
June 30, 2024
December 31, 2023
Security deposits$2,661 $1,599 
Duty drawback receivable(1)
2,709 — 
Other non-current assets775 739 
Total other non-current assets
$6,145 $2,338 
__________________
(1)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
Other current liabilities as of June 30, 2024 and December 31, 2023 consisted of the following (in thousands):
June 30, 2024December 31, 2023
Accrued expenses and other (1)
$7,841 $7,435 
Contract liabilities279 690 
Customer deposits1,099 2,364 
Warranty liability1,143 1,306 
Equipment notes payable, current363 350 
Short-term insurance financing notes1,341 1,003 
Operating lease liabilities, current2,942 1,664 
Finance lease liabilities, current1,945 2,005 
Total other current liabilities
$16,953 $16,817 
__________________
(1)Primarily relates to the liabilities assumed in connection with the ElectraMeccanica acquisition, accrued inventory purchases, personnel costs, wages, health benefits, vacation and other accruals.
Revenue recognized from the customer deposits balance for the six months ended June 30, 2024 and 2023 was $0.6 million and $0.4 million, respectively. Revenue recognized for the year ended December 31, 2023 from the customer deposits balance as of December 31, 2022 was $0.4 million.
Other Non-Current Liabilities
Other non-current liabilities as of June 30, 2024 and December 31, 2023 consisted of the following (in thousands):
June 30, 2024
December 31, 2023
Accrued interest expense and other$4,466 $2,985 
Equipment notes payable, non-current497 593 
Operating lease liabilities, non-current18,345 3,511 
Finance lease liabilities, non-current464 1,472 
Total other non-current liabilities
$23,772 $8,561