Company: TEM
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025603
Chunk: 345

Company: Tempus AI, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 345
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 included in potentially dilutive shares. As disclosed in Note 12, contingent upon certain financing events, the Amended Note will be converted to shares at the holder’s option, based on the amount outstanding at the maturity date, which is subject to reduction based on services used by us prior to the maturity date. As such, these are treated as contingently issuable shares and will be excluded from potential dilutive impact. As disclosed in Note 10, the Company’s Series G-3 Preferred, Series G-4 Preferred and Series G-5 Preferred contain embedded conversion features resulted in the issuance of additional shares of Class A common stock upon completion of the IPO. The number of shares issued related to these features was dependent upon the IPO price. As such, prior to the IPO, these are treated as contingently issuable shares. Subsequent to the completion of the IPO in June 2024, the additional shares of Class A common stock are included in the weighted-average common shares outstanding. 

170

14.INCOME TAXES Deferred income taxes consist of the following as of December 31, 2024 and 2023 (in thousands):  

        As of December 31,

        2024

        2023

        Deferred Income Tax Assets

        Net Operating Loss Carryforwards
        $
        308,669

        $
        195,378

        IRC §163(j) Interest Expense Limitation Carryover
         
        29,239

        18,785

        Lease Liability
         
        7,997

        9,496

        Research and Development
         
        118,649

        68,411

        Excess of Tax Basis over Book Basis Fixed Assets
         
        4,696

        2,473

        Deferred Revenue
         
        19,708

        10,457

        Revenue Reserve Liability
         
        2,812

        3,748

        Stock Compensation
         
        26,441

        40

        Other
         
        1,077

        4,739

        $
        519,288

        $
        313,527

        Less Valuation Allowance
         
        (503,071
        )

        (297,294
        )

        $
        16,217

        $
        16,233

        Deferred Income Tax Liabilities

        Unrealized Gain/Loss on Marketable