MultiSensor AI Holdings, Inc. Leases Disclosure
Note 14 — Leases
Operating leases
The Company leases consist of operating leases related to corporate offices and production facilities. Supplemental Consolidated Balance Sheet information for operating leases on December 31, 2024, and 2023, is as follows:
| December 31, | |||||
2024 |
| 2023 | ||||
Assets | ||||||
Right-of-use assets, net | $ | 134 | $ | 129 | ||
Liabilities |
| |||||
Right-of-use liabilities, current | 138 |
| 138 | |||
Components of operating lease cost for the twelve months ending December 31, 2024, and 2023:
| December 31, | |||||
2024 |
| 2023 | ||||
Components operating lease cost |
|
| ||||
Operating lease cost | $ | 166 | $ | 134 | ||
Short-term leases | 30 |
| 40 | |||
For the years ended December 31, 2024, and 2023, the Company incurred operating lease expense totaling $196 and $174, respectively, and operating lease expense was recognized on a straight-line basis over the term of the lease. Remaining operating lease term and discounted rates as of December 31, 2024, and 2023, are as follows:
| December 31, |
| |||
2024 |
| 2023 | |||
Weighted-average remaining lease term (years) |
| 0.9 | 0.9 | ||
Weighted-average discount rate |
| 8 | % | 8 | % |
Supplemental cash flow information related to leases for the twelve months ending December 31, 2024, and 2023, is as follows:
| December 31, | |||||
2024 |
| 2023 | ||||
Right of use assets obtained in exchange for lease liabilities | $ | 182 | $ | 376 | ||
Cash paid for amounts included in the measurement of lease liabilities | 166 |
| 163 | |||
Operating lease payments | 30 |
| 40 | |||
Maturities of operating lease liabilities for continuing operations are as follows:
For the twelve months ending December 31, |
|
| |
2025 | $ | 138 | |
2026 |
| — | |
2027 |
| — | |
2028 |
| — | |
2029 |
| — | |
Thereafter |
| — | |
Total operating lease payments | $ | 138 | |
Less: imputed interest |
| — | |
Present value of operating lease liabilities | $ | 138 |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 28, 2025 | Showing above |
| 2023 | Mar 29, 2024 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.