Company: PHR
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001412408-25-000010
Chunk: 29

Company: Phreesia, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 29
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 as follows for the years ended January 31, 2025 and 2024:Balance, January 31, 2023$1,053 Bad debt expense377 Increases due to acquisitions681 Write-offs and adjustments(719)Balance, January 31, 2024$1,392 Bad debt expense1,054 Write-offs and adjustments(978)Balance, January 31, 2025$1,468 The Company’s allowance for doubtful accounts represents the current estimate of expected future losses based on prior bad debt experience as well as considerations for specific customers as applicable. The Company's accounts receivable are considered past due when they are outstanding past the due date listed on the invoice to the customer. Write-offs of accounts receivable were not material during the fiscal years ended January 31, 2025, 2024 or 2023(g) Prepaid and other current assetsPrepaid and other current assets as of January 31, 2025 and 2024 are as follows:January 31,20252024Prepaid software and business systems$6,849 $4,922 Prepaid data center expenses3,558 3,872 Prepaid insurance912 1,257 Other prepaid expenses and other current assets4,552 4,410 Total prepaid and other current assets$15,871 $14,461 (h) Cloud computing implementation costs

93

The Company enters into cloud computing service contracts to support its sales and marketing, product development and administrative activities. The Company capitalizes certain implementation costs for cloud computing arrangements that meet the definition of a service contract. The Company includes these capitalized implementation costs within prepaid expenses and other current assets and within other assets on its consolidated balance sheets. Once placed in service, the Company amortizes these costs over the remaining subscription term to the same caption in the consolidated statements of operations as the related cloud subscription. Capitalized implementation costs for cloud computing arrangements accounted for as service contracts were $1,532 as of January 31, 2025 and 2024, respectively. Accumulated amortization of capitalized implementation costs for these arrangements was $1,432 and $1,021 as of January 31, 2025 and 2024, respectively. (i) Other income (expense), net

Other income (expense), net for the years ended January 31, 2025, 2024 and 2023 was income of $1,956, income of $44 and expense of