Company: AMWL
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000950170-25-019024
Chunk: 222

Company: American Well Corp
Filing Date: 2025-02-12
Form: 10-K
Item: Item 1B
Chunk 222
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 benefits since its inception. The tax years 2006 through 2024 remain open to examination by major taxing jurisdictions to which the Company is subject, which is primarily in the United States (U.S.), as carryforward attributes generated in prior years may still be adjusted upon examination by the Internal Revenue Service (IRS) or state tax authorities if they have or will be used in a future period. The Company files income tax returns in the U.S. federal and various state jurisdictions. There are currently no federal or state audits in progress by the IRS or any other jurisdiction other than Israel for any tax years. Israel has open audits for the years ending December 31, 2021 through December 31, 2023.

16. Related-Party Transactions Cleveland Clinic Cleveland Clinic is a related party because a member of the Company’s board of directors is an executive advisor to Cleveland Clinic. As of December 31, 2024 and 2023, the Company held short-term deferred revenue of $153 and $43, 

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respectively from contracts with this client. As of December 31, 2024 and 2023, amounts due from Cleveland Clinic were $216 and $24.During the years ended December 31, 2024, 2023 and 2022, the Company recognized revenue of $1,566, $2,283 and $2,803, respectively, from contracts with this client.CCAW, JV LLCCCAW, JV LLC is a related party because it is a joint venture formed between the Company and Cleveland Clinic for which the Company has a less than majority owned interest in. During the year ended December 31, 2020 the Company made an initial investment in CCAW, JV LLC of $2,940 for its less than 50% interest in the joint venture. During the years ended December 31, 2024 and 2023 the Company made a capital contributed of $3,430 and $3,920, related to a portion of the phase one capital commitment. As of December 31, 2024 and 2023, the Company held short and long term deferred revenue of $55 and $1,243 from contracts with this client. As of December 31, 2024 and 2023 amounts due from CCAW, JV LLC were $400 and $1,602, respectively. During the year ended December 31, 2024, 2023 and 2022, the Company recognized revenue