Company: TRUE
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001327318-25-000016
Chunk: 167

Company: TrueCar, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 167
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The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis at March 31, 2025 and December 31, 2024 by level within the fair-value hierarchy. The current and non-current portions of contingent consideration reside within “Accrued expenses and other current liabilities” and “Other liabilities”, respectively, within the condensed consolidated balance sheet. These assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): At March 31, 2025At December 31, 2024  Total Fair Total FairLevel 1Level 2Level 3ValueLevel 1Level 2Level 3ValueAssets:Cash equivalents$93,559 $— $— $93,559 $97,917 $— $— $97,917 Total assets$93,559 $— $— $93,559 $97,917 $— $— $97,917  At March 31, 2025At December 31, 2024  Total Fair Total FairLevel 1Level 2Level 3ValueLevel 1Level 2Level 3ValueLiabilities:Contingent consideration, current$— $— $— $— $— $— $3,964 $3,964 Contingent consideration, non-current$— $— $— $— $— $— $— $— Total liabilities$— $— $— $— $— $— $3,964 $3,964 Contingent Consideration ObligationsThe following table summarizes the changes in the fair value of the contingent consideration obligation related to the Company’s acquisition of Digital Motors (in thousands):  Three Months Ended March 31, 20252024Fair value, beginning of period$3,964 $5,592 Cash payments(4,000)(2,000)Changes in fair value36 92 Fair value, end of period$— $3,684 

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4.    Property and Equipment, net

Property and equipment consisted of the following at March 31, 2025 and December 31, 2024 (in thousands): March 31, 2025December