Company: TRUE
Filing Date: 2025-02-21
Form Type: 10-K/A
Source: 0001327318-25-000010
Chunk: 39

Company: TrueCar, Inc.
Filing Date: 2025-02-21
Form: 10-K/A
Chunk 39
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 in general and administrative expenses in the consolidated statements of comprehensive loss.

In April 2024, the Company notified its landlord of termination effectively immediately at the leased office space located at 1401 Ocean Avenue, Santa Monica, California due to the landlord’s breach of contract. A letter of credit with a principal amount of $ 1,750,000secured the Company’s obligations under the Lease and was drawn down by the landlord upon receiving notice of termination. The Company applied the full drawdown payment of the letter of credit as a reduction to the lease liability. The Company vacated and returned possession of the premises on April 30, 2024. As of December 31, 2024, the Company has fully impaired the ROU asset associated with the lease of $ 6.8million, leaving the remaining lease liability of $ 7.2million. As the Company has not yet been legally released from the lease agreement (Note 9), the impact of the remaining lease term and discount rate associated with this lease has been included in our disclosures above.

In July 2023, the Company signed a termination agreement with oneof its subtenants to early terminate the sublease agreement, which included the receipt of $ 1.4million in early termination fees. As a result, the Company also evaluated the ROU asset on the head lease and concluded the asset was impaired, resulting in total impairment charges of $ 2.0million. In November 2023, the Company signed a lease amendment to exit the same floor from the head lease and paid $ 2.1million for the early exit. To account for the partial termination on the head lease, the Company remeasured the lease liability, using the incremental borrowing rate in place at the date of modification, resulting in a $ 1.9million reduction in the lease liability, a $ 0.5million reduction of the ROU asset group, and the recognition of a $ 1.5million gain.

<div align='center'>F-22</div>

#### TrueCar, Inc.

### Notes to Consolidated Financial Statements (Continued)
In June 2022, the Company signed a lease amendment to exit certain floors of a leased office space effective July 31, 2022 and to settle the asset retirement obligation associated with exiting the leased space for a lower amount than previously recognized. To account for the reduction in lease term, the Company remeasured the lease liability, using the incremental borrowing rate in place at the date of modification