Company: TALK
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038107
Chunk: 112

Company: Talkspace, Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 112
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        736

        Other

        139

        35

        Total cost

        7,382

        1,202

        Less: accumulated depreciation

        (1,123
        )

        (888
        )

           Fixed assets, net
         
        $
        6,259

        $
        314

       As of December 31, 2024, the Company capitalized $6.1 million of qualifying internal-use software development costs, net ($0.2 million as of December 31, 2023). Depreciation and amortization expense related to the Company's fixed assets was immaterial for the years ended December 31, 2024, 2023 and 2022.

73

NOTE 7. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIESAccrued expenses and other current liabilities is comprised of the following:

        As of December 31,

        (in thousands)
         
        2024

        2023

        Employee compensation
         
        $
        5,144

        $
        7,269

        Professional fees

        912

        626

        Severance

        494

        —

        User acquisition

        248

        1,525

        Other

        1,233

        3,048

        Accrued expenses and other current liabilities
         
        $
        8,031

        $
        12,468

NOTE 8. COMMITMENTS AND CONTINGENT LIABILITIES Litigation The Company may in the future be involved in various legal proceedings, claims and litigation that arise in the normal course of business. The Company accrues for estimated loss contingencies related to legal matters when available information indicates that it is probable a liability has been incurred and the Company can reasonably estimate the amount of that loss. In many proceedings, however, it is inherently difficult to determine whether any loss is probable or even possible or to estimate the amount of any loss. In addition, even where a loss is possible or an exposure to loss exists in excess of the liability already accrued with respect to a previously recognized loss contingency, it is often not possible to reasonably estimate the size of the possible loss or range of loss or possible additional losses or range of additional losses. As of December 31, 2024, there were no material pending legal proceedings, claims or litigation.Warranties and IndemnificationThe Company