Company: TRUE
Filing Date: 2025-02-21
Form Type: 10-K/A
Source: 0001327318-25-000010
Chunk: 20

Company: TrueCar, Inc.
Filing Date: 2025-02-21
Form: 10-K/A
Chunk 20
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 December 31, 2024 and 2023, the Company recorded right-of-use asset impairment charges of $ 6.9million and $ 2.4million, respectively, related to office operating leases. For the year ended December 31, 2022, the Company recorded goodwill impairment charges of $ 59.8million.

For the twelve months ended December 31, 2022, the Company recognized a gain of $ 1.8million from changes in fair value of a derivative asset recognized from the sale of its equity method investment in Accu-Trade.

The Company recorded a contingent consideration liability upon the acquisition of Digital Motors in 2022. The contingent consideration is measured at fair value and is based on significant inputs not observable in the market which include the probability of achieving certain future targets. This represents a Level 3 measurement within the fair-value hierarchy. The valuation of contingent consideration uses assumptions the Company believes a market participant would make. The Company assesses these estimates on an ongoing basis as it obtains additional data impacting the assumptions. Changes in the fair value of contingent consideration related to updated assumptions and estimates are recognized within the consolidated statements of comprehensive loss. During the second quarter of 2023 the Company amended the purchase agreement in connection with its Restructuring Plan (Note 9) such that the future targets were considered 100% achieved, and as a result, there were no significant unobservable inputs used to measure the contingent consideration liability as of December 31, 2024.

The following table summarizes the Company’s assets and liabilities at fair value on a recurring basis at December 31, 2024 and 2023 by level within the fair-value hierarchy. The current and non-current portions of contingent consideration reside within “Accrued expenses and other current liabilities” and “Other liabilities”, respectively, within the 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):

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#### TrueCar, Inc.

### Notes to Consolidated Financial Statements (Continued)
|                                       |     | At December 31, 2024 |        |     |         |   |     |         |       |     |            |        |     | At December 31, 2023 |         |     |         |   |     |         |       |     |            |         |
|:--------------------------------------|:----|:---------------------|-------: