Company: AMWL
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000950170-25-019024
Chunk: 211

Company: American Well Corp
Filing Date: 2025-02-12
Form: 10-K
Item: Item 1B
Chunk 211
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 participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. Financial assets and liabilities carried at fair value are to be classified and disclosed in one of the following three levels of the fair value hierarchy, of which the first two are considered observable and the last is considered unobservable: 

F-19

•Level 1—Quoted prices in active markets for identical assets or liabilities. •Level 2—Observable inputs (other than Level 1 quoted prices), such as quoted prices in active markets for similar assets or liabilities, quoted prices in markets that are not active for identical or similar assets or liabilities, or other inputs that are observable or can be corroborated by observable market data. •Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to determining the fair value of the assets or liabilities, including pricing models, discounted cash flow methodologies and similar techniques. The following tables presents the Company’s fair value hierarchy for its assets and liabilities that are measured at fair value on a recurring basis and indicate the level within the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value:  

        December 31, 2024

        Level 1

        Level 2

        Level 3

        Total

        Money market funds
         
        $
        140,639

        $
        —

        $
        —

        $
        140,639

        Total financial assets:
         
        $
        140,639

        $
        —

        $
        —

        $
        140,639

        December 31, 2023

        Level 1

        Level 2

        Level 3

        Total

        Money market funds
         
        $
        299,300

        $
        —

        $
        —

        $
        299,300

        Total financial assets:
         
        $
        299,300

        $
        —

        $
        —

        $
        299,300

      As of December 31, 2024 and 2023, the Company’s cash equivalents were invested in money market funds and were valued based on Level 1 inputs. During the years ended December 31, 2024 and 2023, there were no transfers between Level 1, Level 2 and Level 3. Interest income for the years ended December 31, 2024, 202