Company: TRUE
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001327318-25-000016
Chunk: 197

Company: TrueCar, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 197
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 equivalents$93,559 $— $— $93,559 $97,917 $— $— $97,917 Total assets$93,559 $— $— $93,559 $97,917 $— $— $97,917  At March 31, 2025At December 31, 2024  Total Fair Total FairLevel 1Level 2Level 3ValueLevel 1Level 2Level 3ValueLiabilities:Contingent consideration, current$— $— $— $— $— $— $3,964 $3,964 Contingent consideration, non-current$— $— $— $— $— $— $— $— Total liabilities$— $— $— $— $— $— $3,964 $3,964 Contingent Consideration ObligationsThe following table summarizes the changes in the fair value of the contingent consideration obligation related to the Company’s acquisition of Digital Motors (in thousands):  Three Months Ended March 31, 20252024Fair value, beginning of period$3,964 $5,592 Cash payments(4,000)(2,000)Changes in fair value36 92 Fair value, end of period$— $3,684 

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4.    Property and Equipment, net

Property and equipment consisted of the following at March 31, 2025 and December 31, 2024 (in thousands): March 31, 2025December 31, 2024Computer equipment and internally developed software$88,437 $86,255 Furniture and fixtures962 962 Leasehold improvements4,917 4,917  94,316 92,134 Less: Accumulated depreciation(78,982)(76,399)Total property and equipment, net$15,334 $15,735 Included in the table above are property and equipment of $1.2 million and $1.0 million at March 31, 2025 and December 31, 2024, respectively, which are capitalizable but had not yet been placed in service. These balances were comprised primarily of capitalized software not ready for its intended use.Total depreciation and amort