Company: TALK
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038107
Chunk: 169

Company: Talkspace, Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 169
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 2024, 2023 and 2022.Deferred RevenuesFor the year ended December 31, 2024 and 2023, the Company recognized revenues of $2.0 million and $2.8 million, respectively, that were included in deferred revenues at the beginning of the year. As of December 31, 2024, deferred revenue mainly related to the Company’s Consumer subscription business.

NOTE 4. INTANGIBLE ASSETS, NET  Intangible assets is comprised of the following:  

        As of December 31,

        (in thousands)
         
        2024

        2023

        Intangible asset with finite live:

        Acquired technology
         
        $
        3,201

        $
        3,201

        Less: accumulated amortization

        (1,862
        )

        (1,415
        )

        Intangible assets, net
         
        $
        1,339

        $
        1,786

      Amortization expense was $0.4 million for the year ended December 31, 2024 ($0.7 million and $0.9 million for the years ended December 31, 2023 and 2022, respectively) and was included in cost of revenues in the Company’s consolidated statements of income for the periods presented.Future amortization that will be charged to expense over the remaining life of the intangible asset as of December 31, 2024 is as follows:

        December 31,
         
        In thousands

        2025
         
        $
        446

        2026

        446

        2027

        447

        $
        1,339

71

NOTE 5. FAIR VALUE MEASUREMENTSThe carrying value of the Company’s cash, cash equivalents, accounts receivable, other current assets, accounts payable, and accrued liabilities approximate fair value because of the relatively short-term nature of the underlying assets or liabilities.Cash, Cash Equivalents and Marketable Securities The following tables show the Company’s cash, cash equivalents and marketable securities by significant investment category as of December 31, 2024 and December 31, 2023:

        Fair Value Measurements as of December 31, 2024

        (in thousands)
         
        Adjusted Cost Basis

        Unrealized Gains

        Unrealized Losses

        Fair Value

        Cash and Cash Equ