Company: LPSN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001102993-25-000053
Chunk: 19

Company: LIVEPERSON INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

•the period of benefit for deferred contract acquisition costs;•valuation of goodwill;•valuation and useful lives of long-lived assets;•valuation of the cash-settled and share-settled warrants (together, “Warrants”);•valuation of features embedded in the 2029 Notes (as defined below);•income taxes; and•recognition, measurement, and disclosure of contingent liabilities.As of the date of issuance of the financial statements, the Company is not aware of any material specific events or circumstances that would require it to update its estimates, judgments, or to revise the carrying values of its assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the condensed consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to the Company’s condensed consolidated financial statements.Significant Accounting PoliciesThe Company’s significant accounting policies are described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. There have been no significant changes to these policies that have had a material impact on the Company’s condensed consolidated financial statements and related notes for the three months ended March 31, 2025.Prepaid expenses and other current assetsThe following table presents the detail of prepaid expenses and other current assets as of the dates presented:March 31,2025December 31,2024(In thousands)Prepaid software maintenance$8,002 $9,868 VAT receivable2,510 2,452 Other prepaid expenses2,091 2,910 Other current assets3,254 4,020 Total prepaid expenses and other current assets$15,857 $19,250 LeasesThe Company has non-cancelable operating and finance leases for its corporate offices and other service agreements. As of March 31, 2025, the Company’s long-term leases are immaterial, with a remaining lease term of less than one year, with an option to extend. The Company uses the non-cancelable lease term when recognizing the right-of-use assets and lease liabilities, unless it is reasonably certain that a renewal or termination option will be exercised. The Company’s operating lease costs were $2.4 million and $2.9 million for the three months ended March 31, 2025 and 2024, respectively