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

Company: TrueCar, Inc.
Filing Date: 2025-02-21
Form: 10-K/A
Chunk 21
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     | $          |   1,981 |
| Contingent consideration, non-current |     |                      |      — |     |         | — |     |         |     — |     |            |      — |     |                      |       — |     |         | — |     |         | 3,611 |     |            |   3,611 |
| Total Liabilities                     |     | $                    |      — |     | $       | — |     | $       | 3,964 |     | $          |  3,964 |     | $                    |       — |     | $       | — |     | $       | 5,592 |     | $          |   5,592 |

Contingent Consideration Obligations

The following table summarizes the changes in the fair value of the contingent consideration obligation (in thousands):

|                                  |     | Year Ended December 31, 
 2024                    |        |
|:---------------------------------|:----|:------------------------|-------:|
| Fair value, at beginning of year |     | $                       |  5,592 |
| Additions                        |     |                         |      — |
| Payoff                           |     |                         | -2,000 |
| Changes in fair value            |     |                         |    372 |
| Fair value, at end of year       |     | $                       |  3,964 |

Concentrations of Credit and Business Risk

Financial instruments that potentially subject the Company to credit risk consist principally of cash and cash equivalents and accounts receivable.

The Company, at times, maintains cash balances at financial institutions in excess of amounts insured by United States government agencies or payable by the United States government directly. The Company places its cash and cash equivalents with high credit quality financial institutions.

Credit is extended to customers based on an evaluation of their financial condition and other factors. The Company generally does not require collateral or other security to support accounts receivable. The Company performs ongoing credit evaluations of its customers and maintains an allowance for doubtful accounts ba sed on these evaluations. No s ingle customer comprised more than 10% of the Company’s total revenues for the years ended December 31, 2024, 2023 and 2022. At December 31, 2024 and December 31, 2023, one customer comprised 12.8% and 32.3% of the Company’s accounts receivable balance, respectively