Company: TALK
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038107
Chunk: 174

Company: Talkspace, Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 174
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 restricted stock units, 12,757,500 Private Placement Warrants and 20,722,500 Public Warrants to purchase the Company’s common stock.For the year ended December 31, 2023, the following were excluded from the calculation of diluted loss per share since each would have had an anti-dilutive effect given the Company’s net loss: 11,208,573 stock options, 8,984,827 restricted stock units, 12,780,000 Private Placement Warrants and 20,700,000 Public Warrants to purchase the Company’s common stock.   For the year ended December 31, 2022, the following were excluded from the calculation of diluted loss per share since each would have had an anti-dilutive effect given the Company’s net loss: 17,526,326 stock options, 9,127,051 restricted stock units, 12,780,000 Private Placement Warrants and 20,700,000 Public Warrants to purchase the Company’s common stock.

NOTE 12. INCOME TAX EXPENSEThe Company and its subsidiaries file income tax returns in the U.S. federal, and various states and foreign jurisdictions. The Company assessed its uncertain tax positions and determined that it has no uncertain tax positions at December 31, 2024.A reconciliation of the Company’s statutory income tax rate to the Company’s effective income tax rate is as follows: 

        Year Ended December 31,

        (in thousands)
         
        2024

        2023

        2022

        Income (loss) before income taxes
         
        $
        1,242

        $
        (18,964
        )
         
        $
        (79,418
        )

        Statutory tax rate

        21
        %

        21
        %

        21
        %

        Federal taxes

        261

        (3,982
        )

        (16,678
        )

        Increase (decrease) in effective tax rate due to:

        State taxes, net of federal benefit

        (164
        )

        276

        (4,079
        )

        Impairment of goodwill

        —

        —

        1,288

        Permanent differences

        683

        897

        83

        Other Adjustments

        (648
        )

        (373
        )

        (6,669
        )

        Valuation allowance

        (