Shapeways Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

The table below presents certain information related to the Company’s lease costs:


	Twelve Months Ended December 31,
	2023		2022
Operating lease expense	$	996	$	1,000
Finance lease expense	46		—
Interest expense on finance lease liabilities	21		—

Total lease cost	$	1,063	$	1,000

Right-of-use assets and lease liabilities for operating leases were recorded in the consolidated balance sheets as follows:


	December 31,
	2023		2022
Assets:
Operating lease right-of-use assets, net	$	1,739	$	2,365
Finance lease right-of-use assets, net	306		—
Total lease assets	$	2,045	$	2,365
Liabilities:
Current liabilities:
Operating lease liabilities, current	$	864	$	719
Finance lease liability, current	64		—
Non-current liabilities:
Operating lease liabilities, net of current portion	979		1,715
Finance lease liability, net of current portion	245		—
Total lease liability	$	2,152	$	2,434

Supplemental cash flow information related to the Company’s leases was as follows:


	Years Ended December 31,
	2023		2022
Operating cash flows from operating leases	$	964	$	1,049

Financing cash flows from finance leases	$	45	$	—
Lease liabilities arising from obtaining right-of-use assets	$	598	$	285

As of December 31, 2023, future minimum lease payments required under operating leases are as follows:



	Operating Leases		Finance Leases
2024	$	970	$	87
2025	792		87
2026	237		87
2027	—		87
Thereafter	—		20
Total minimum lease payments	1,999		368
Less effects of discounting	(156)		(59)
Present value of future minimum lease payments	$	1,843	$	309