INDIE ENERGY, INC.

inception of the 2021 Plan and 2023 Inducement Plan, equity awards granted are primarily all in the form of restrictive stock units (“RSU”). These RSUs primarily have a four-year vesting schedule and vests annually in equal installments. The grant date fair value of RSUs issued per the 2021 Plan and 2023 Inducement Plan was valued based on the value of the Class A common stock on the date of grant. The RSUs are equity classified. Occasionally, the Company may grant equity awards in the forms of options or equity awards with either market condition (“MSU”) or performance conditions (“PSU”) through either plan. Options typically have a four-year vesting schedule in equal annual installments and a ten-year term from the original grant date. The grant date fair value of Options issued was val

we acquired various intangible assets. The corresponding amortization expenses are included within Cost of goods sold, Research and development expenses , and Selling, general and administrative expenses based on their respective nature. Our acquired intangible assets with definite lives are amortized from the date of acquisition over periods ranging from two to twelve years. Interest Income Interest income represents cash or income earned on our cash balances and investments with certain banking institutions. 47 Table of Contents Interest Expense Interest expense primarily consists of cash and non-cash interest under our term loan facilities, convertible notes and line of credit. Other Income (Expense) Other income (expense) primarily comprises the change in the fair value of the warrants