Company: SKLZ
Filing Date: 2025-11-06
Form Type: 10-K
Source: 0001801661-25-000050
Chunk: 173

Company: Skillz Inc.
Filing Date: 2025-11-06
Form: 10-K
Item: Item 8
Chunk 173
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 $2.9 million was recorded as of December 31, 2023. The Company did not record any other adjustments to the carrying value of its non-marketable equity securities accounted for under the measurement alternative, and did not recognize any gains or losses related to the sale of non-marketable equity securities in the years ended December 31, 2024 or 2023.Other Current LiabilitiesOther current liabilities consisted of the following as of December 31, 2024 and 2023:December 31,20242023Accrued sales and marketing expenses$1,832 $2,275 Accrued compensation2,592 2,070 Accrued publisher fees2,527 3,607 End-user liability, net6,900 6,590 Accrued developer revenue share862 1,086 Short-term finance lease obligations464 831 Accrued legal expenses15,244 7,949 Accrued interest expenses554 554 Indirect tax liabilities14,932 11,206 Accrued operating expenses7,933 9,715 Other724 899 Other current liabilities$54,564 $46,782 The Company recorded legal expense of $20.3 million and $15.6 million for the years ended December 31, 2024 and 2023, respectively. The increase in legal expense was primarily attributed to the settlement of the litigation with AviaGames. See Note 10, Commitments and Contingencies, for more details.

6. Fair Value Measurements

As of December 31, 2024 and 2023, the recorded values of cash and cash equivalents, restricted cash, accounts receivable and accounts payable approximate their respective fair values due to the short-term nature of the instruments.Cash and money market funds are classified within Level 1 of the fair value hierarchy. Highly liquid investments such as commercial papers and corporate bonds are classified within Level 2 of the fair value hierarchy.

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

     The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis:Fair Value Measurements as of December 31, 2024Level 1Level 2Level 3TotalAssets:Cash Equivalents:Money market funds$251,948 $— $—