Company: AMWL
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000950170-25-019024
Chunk: 219

Company: American Well Corp
Filing Date: 2025-02-12
Form: 10-K
Item: Item 1B
Chunk 219
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 3,580

        Operating lease liabilities, net of current portion

        4,511

        8,206

        Total operating lease liabilities
         
        $
        8,201

        $
        11,786

        Weighted-average remaining lease term (in years)
         
        2.2 years

        3.2 years

        Weighted-average discount rate

        1.2
        %

        1.2
        %
       
      As of December 31, 2024, minimum future lease payments for these operating leases were as follows:  

        Years ending December 31,

        2025
         
        3763

        2026
         
        3647

        2027
         
        893

        2028

        —

        2029

        —

        Thereafter

        —

        Total lease payments
         
        $
        8,303

        Less imputed interest

        (102
        )

        Total present value of lease liabilities
         
        $
        8,201

      Indemnification The Company’s arrangements generally include certain provisions for indemnifying clients against third-party claims asserting infringement of certain intellectual property rights in the ordinary course of business. The Company also regularly indemnifies clients against third-party claims that the company’s products or services breach applicable law or regulation or from claims resulting from a breach of the business associate agreement in place with the client. In addition, the Company indemnifies its officers, directors and certain key employees while they are serving in good faith in their capacities. Through December 31, 2024, there have been no claims under any indemnification provisions. Litigation From time to time, and in the ordinary course of business, the Company may be subject to various claims, charges, and litigation. On September 14, 2020, the Company received a letter from Teladoc Health, Inc. alleging that certain of the Company’s cart products and associated peripherals infringe upon their patents. On October 12, 2020, Teladoc Health, Inc filed a claim against the Company related to these allegations. On June 30, 2022, the claim was dismissed pursuant to a confidential settlement between the parties. As of December 31, 2024 and 2023, the Company did not have any pending claims, charges or litigation that it expects would have a material adverse effect on its