Company: AWRE
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038714
Chunk: 100

Company: AWARE INC /MA/
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 100
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 used to determine the SSP’s by evaluating the models, including testing the accuracy and completeness of data used, and reasonableness of assumptions applied by management.

•For each contract with multiple performance obligations, we also tested the allocation of the transaction price to each performance obligation based upon the SSP.

/s/ RSM US LLP

We have served as the Company's auditor since 2012.

Boston, Massachusetts

March 13, 2025

27

AWARE, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share data)

    December 31,

    2024

    2023

    ASSETS

    Current assets:

    Cash and cash equivalents
     
    $
    12,972

    $
    10,002

    Marketable securities

    14,842

    20,913

    Accounts receivable, net

    2,922

    2,454

    Unbilled receivables, net

    1,080

    1,401

    Prepaid expenses and other current assets

    1,169

    1,054

    Total current assets

    32,985

    35,824

    Property and equipment, net

    477

    579

    Intangible assets, net

    1,976

    2,391

    Goodwill

    3,120

    3,120

    Right of use asset, net

    3,964

    4,260

    Other long-term assets

    122

    122

    Total assets
     
    $
    42,644

    $
    46,296

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities:

    Accounts payable
     
    $
    894

    $
    280

    Accrued expenses

    1,447

    1,706

    Current portion of operating lease liabilities

    656

    637

    Deferred revenue

    4,867

    4,926

    Total current liabilities

    7,864

    7,549

    Long-term deferred revenue

    296

    611

    Long-term operating lease liabilities

    3,588

    3,838

    Total long-term liabilities

    3,884

    4,