Company: TRUE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001327318-25-000036
Chunk: 191

Company: TrueCar, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 191
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 2025At December 31, 2024  Total Fair Total FairLevel 1Level 2Level 3ValueLevel 1Level 2Level 3ValueAssets:Cash equivalents$88,226 $— $— $88,226 $97,917 $— $— $97,917 Total assets$88,226 $— $— $88,226 $97,917 $— $— $97,917  At June 30, 2025At December 31, 2024  Total Fair Total FairLevel 1Level 2Level 3ValueLevel 1Level 2Level 3ValueLiabilities:Contingent consideration, current$— $— $— $— $— $— $3,964 $3,964 Contingent consideration, non-current— — — — — — — — Total liabilities$— $— $— $— $— $— $3,964 $3,964 Contingent Consideration ObligationsThe following table summarizes the changes in the fair value of the contingent consideration obligation related to the Company’s acquisition of Digital Motors (in thousands):  Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Fair value, beginning of period$— $3,684 $3,964 $5,592 Cash payments— — (4,000)(2,000)Changes in fair value— 87 36 179 Fair value, end of period$— $3,771 $— $3,771 

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4.    Property and Equipment, net

Property and equipment consisted of the following at June 30, 2025 and December 31, 2024 (in thousands): June 30, 2025December 31, 2024Computer equipment and internally developed software$90,748 $86,255 Furniture and fixtures962 962 Leasehold improvements4,917 4,917  96,627 92,134 Less: Accumulated depreciation(81,632)(76,399)Total property and equipment, net$14,995 $15,735 Included in the table