v3.24.2.u1
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 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 assets
315 811 
Financed insurance premiums
1,394 1,310 
Assets held for sale
408 408 
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 liabilities
279 690 
Customer deposits
1,099 2,364 
Warranty liability
1,143 1,306 
Equipment notes payable, current
363 350 
Short-term insurance financing notes
1,341 1,003 
Operating lease liabilities, current
2,942 1,664 
Finance lease liabilities, current
1,945 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-current
497 593 
Operating lease liabilities, non-current
18,345 3,511 
Finance lease liabilities, non-current
464 1,472 
Total other non-current liabilities
$23,772 $8,561