Company: SKLZ
Filing Date: 2025-11-06
Form Type: 10-K
Source: 0001801661-25-000050
Chunk: 179

Company: Skillz Inc.
Filing Date: 2025-11-06
Form: 10-K
Item: Item 8
Chunk 179
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 482 Less: Imputed interest(3,766)(18)Present value of lease liabilities$10,882 $464 Lease liabilities, current1,544 464 Lease liabilities, non-current9,338 — Present value of lease liabilities $10,882 $464 As of December 31, 2024, the Company does not have any operating and/or finance leases, which have not yet commenced. For the year ended December 31, 2022, the Company recorded a full impairment of its ROU asset, resulting in an impairment charge of $11.5 million.  Subsequent to the year ended December 31, 2024, the Company settled the obligation for the lease (see Note 19, Subsequent Events).Supplemental cash flow information related to leases for the year ended December 31, 2024 is as follows:Year Ended December 31,20242023Cash paid for amounts included in the measurement of lease liabilities:Payments for operating leases included in cash from operating activities$462 $3,619 Payments for finance leases included in cash from operating activities$97 $230 Payments for finance leases included in cash from financing activities$869 $1,096 Assets obtained in exchange for lease obligations:Operating leases$— $— Finance leases$— $— 

98

TABLE OF CONTENTSSKILLZ INC.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(Amounts in tables are in thousands, unless otherwise noted)

10. Commitments and Contingencies

Legal MattersThe Company is a party to certain claims, suits, and proceedings which arise in the ordinary course and conduct of its business and has certain unresolved claims pending, the outcomes of which are not determinable at this time. The Company records a liability when it believes that it is probable that a loss will be incurred and the amount can be reasonably estimated. If the Company determines that a loss is reasonably possible and the loss or range of loss can be reasonably estimated, the Company discloses the possible loss or range of loss. In the Company’s opinion, resolution of pending matters, other than as disclosed herein, is not expected to have a material adverse impact on the results of operations, cash flows, or the Company’s financial position, as of December 31, 2024. Given the unpredictable nature of legal proceedings, there is a reasonable possibility that an unfavorable resolution of one or more such proceedings could in the future