Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000072
Chunk: 30

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 30
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3,751 7,933 Accrued interest expenses3,877 554 Accrued legal expenses3,085 15,244 Accrued sales and marketing expenses1,324 1,832 Accrued developer revenue share879 862 Short-term lease obligations20 464 Other401 724 Other current liabilities$45,498 $54,564 LeasesIn August 2025, the Company commenced an operating lease for office space in Bangalore, India. The following table provides information associated with this lease included in the condensed consolidated financial statements at September 30, 2025:Right of use asset at inception of lease$1,067 Right of use asset at September 30, 2025$1,017 Operating lease costs$71 Remaining lease term (in years)2.8Weighted average discount rate11.5 %Future minimum lease payments$1,235 Cash paid for operating lease$44 Minimum payments of lease by year2025 (remainder of year)$93 2026423 2027449 2028270 1,235 Less imputed interest(191)Present value of lease obligation1,044 Present value of current lease obligation(301)Present value of long term lease obligation$743 

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

5. Fair Value Measurements

As of September 30, 2025 and December 31, 2024, 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.Assets measured at fair value on a recurring basis consisted of the following as of September 30, 2025 and December 31, 2024:Fair Value Measurements as of September 30, 2025Level 1Level 2Level 3TotalAssets:Cash equivalents:Money market funds$200,108 $— $— $200,108 Total assets$200,108 $— $— $200,108 Fair Value Measurements as of December 31,