Company: TRUE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001327318-25-000036
Chunk: 157

Company: TrueCar, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 157
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 respectively, within the condensed consolidated balance sheet. These assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): At June 30, 2025At December 31, 2024  Total Fair Total FairLevel 1Level 2Level 3ValueLevel 1Level 2Level 3ValueAssets:Cash equivalents$88,226 $— $— $88,226 $97,917 $— $— $97,917 Total assets$88,226 $— $— $88,226 $97,917 $— $— $97,917  At June 30, 2025At December 31, 2024  Total Fair Total FairLevel 1Level 2Level 3ValueLevel 1Level 2Level 3ValueLiabilities:Contingent consideration, current$— $— $— $— $— $— $3,964 $3,964 Contingent consideration, non-current— — — — — — — — Total liabilities$— $— $— $— $— $— $3,964 $3,964 Contingent Consideration ObligationsThe following table summarizes the changes in the fair value of the contingent consideration obligation related to the Company’s acquisition of Digital Motors (in thousands):  Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Fair value, beginning of period$— $3,684 $3,964 $5,592 Cash payments— — (4,000)(2,000)Changes in fair value— 87 36 179 Fair value, end of period$— $3,771 $— $3,771 

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4.    Property and Equipment, net

Property and equipment consisted of the following at June 30, 2025 and December 31, 2024 (in thousands): June 30, 2025December 31, 2024Computer equipment and internally developed software$90,748 $86,255 Furniture and fixtures962 962 Leasehold improvements4,917 4,917