Company: TALK
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038107
Chunk: 170

Company: Talkspace, Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 170
---
3)  The risk -free interest rate is based on the yield from U.S. Treasury bonds with an equivalent term to the time to maturity of the warrants.

NOTE 6. FIXED ASSETS, NETFixed assets, net is included as part of other long-term assets in the consolidated balance sheets. Fixed assets, net as of December 31, 2024 and 2023 consisted of the following:

        December 31, 2024

        December 31, 2023

        (in thousands)

        Capitalized internal-use software costs
         
        $
        6,488

        $
        431

        Computers and equipment

        755

        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