Company: AMWL
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000950170-25-019024
Chunk: 46

Company: American Well Corp
Filing Date: 2025-02-12
Form: 10-K
Item: Item 16
Chunk 46
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        72,040

        $
        69,144

      As of December 31, 2024, total unrecognized compensation cost related to the unvested common stock-based awards was $29,672, which is expected to be recognized over a weighted-average period of 1.9 years. 	

14. Commitments and Contingencies Leases The Company’s primary lease represents the lease for its corporate headquarters in Boston, Massachusetts. The Company modified the corporate headquarter lease during the third quarter of 2021. Rent expense for the years ended December 31, 2024, 2023 and 2022 was $3,746, $4,292 and $4,967. The carrying value of the Company’s right-of-use assets are substantially concentrated in real estate as the Company primarily leases office space. The Company’s policy is not to record leases with an original lease term of one year or less on the consolidated balance sheets. The Company recognizes lease expense for these short-term leases on a straight-line basis over the lease term. The Company does not have any lease contracts with the option to purchase as of December 31, 2024. 

        Years Ended December 31,

        2024

        2023

        2022

        The components of lease cost under ASC 842 were as follows:

        Operating lease cost
         
        $
        3,390

        $
        3,495

        $
        3,694

        Short-term lease cost

        —

        —

        —

        Variable lease cost

        —

        —

        —

        Total lease cost
         
        $
        3,390

        $
        3,495

        $
        3,694

        Years Ended December 31,

        2024

        2023

        2022

        Supplemental cash flow information:

        Cash paid for amounts included in measurement    of lease liabilities:

        Operating cash flows from operating leases
         
        $
        3,690

        $
        3,527

        $
        2,672

        Non-cash lease activity:

        Right-of-use lease assets obtained in exchange for    new operating lease liability:

        Operating leases
         
        $
        —

        $
        —

        $
        851

F-26

        As of December 31,

        2024

        2023

        Supplemental balance sheet information