Company: EVLVW
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0001628280-25-020353
Chunk: 261

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 8
Chunk 261
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(Unaudited)

Company determined that although the ASU is applicable, it addresses disclosures only, and as such will not have any material effects on its financial condition, results of operations, or cash flows. In November 2024, the FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.”, which includes amendments to require the disclosure of certain specific costs and expenses that are included in a relevant expense caption on the face of the income statement. Specific costs and expenses that would be required to be disclosed include: purchases of inventory, employee compensation, depreciation, and intangible asset amortization. Additionally, a qualitative description of other items is required, equal to the difference between the relevant expense caption and the separately disclosed specific costs. Early adoption is permitted. A public entity should apply the amendments in ASU 2024-03 prospectively to all annual periods beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. The Company is currently evaluating the impact of this standard on the disclosures within the condensed consolidated financial statements.

4. Marketable Securities

Marketable securities as of September 30, 2024 and December 31, 2023 consisted of the following:September 30, 2024Amortized CostUnrealized Gain/(Loss)Fair ValueU.S. Treasury bills$9,960 $— $9,960 Total marketable securities$9,960 $— $9,960 December 31, 2023Amortized CostUnrealized Gain/(Loss)Fair ValueU.S. Treasury bills$51,289 $— $51,289 Total marketable securities$51,289 $— $51,289 Marketable securities at September 30, 2024 and December 31, 2023 are comprised solely of zero coupon U.S. treasury bills with maturities of greater than three months but less than one year that are classified as available-for-sale debt securities. Unrealized gains or losses were not material for each of the three and nine months ended September 30, 2024 and 2023. The accretion of discounts on marketable securities is included in interest income on the condensed consolidated statements of operations and comprehensive (loss) income.

F-19

Table of ContentsEVOLV TECHNOLOGIES