Company: TRUE
Filing Date: 2025-02-21
Form Type: 10-K/A
Source: 0001327318-25-000010
Chunk: 40

Company: TrueCar, Inc.
Filing Date: 2025-02-21
Form: 10-K/A
Chunk 40
---
, with a corresponding reduction to the right of use asset. A total gain of $ 0.8million was recognized which included the $ 0.6million difference in reduction of lease liability of $ 3.7million and right-of-use asset of $ 3.1million and the $ 0.2million gain on settlement of the asset retirement obligation.

Lease Commitments

Future undiscounted lease payments for the Company’s operating lease liabilities, a reconciliation of these payments to its operating lease liabilities, and related sublease income at December 31, 2024 are as follows (in thousands):

| Years ended December 31,             |     |   |        |
|:-------------------------------------|:----|:--|-------:|
| 2025                                 |     | $ |  3,621 |
| 2026                                 |     |   |  3,271 |
| 2027                                 |     |   |  2,057 |
| 2028                                 |     |   |  1,854 |
| 2029                                 |     |   |  1,909 |
| Thereafter                           |     |   |    160 |
| Total lease payments                 |     | $ | 12,872 |
| Less: imputed interest               |     |   | -1,595 |
| Total lease liabilities (discounted) |     | $ | 11,277 |

| Year ended December 31, 
 2025                    |     | Sublease Income | 1,651 |
|:------------------------|:----|:----------------|------:|
| 2026                    |     |                 |   819 |
| 2027                    |     |                 |    70 |
| 2028                    |     |                 |     — |
| Thereafter              |     |                 |     — |
| Total sublease income   |     | $               | 2,540 |

5. Revenue Information and Deferred Sales Commissions

Deferred Sales Commissions

Deferred sales commissions within other assets were $ 3.5million and $ 2.2million as of December 31, 2024 and 2023, respectively. For the years ended December 31, 2024, 2023 and 2022, amortization expense for deferred sales commissions was $ 1.5million, $ 1.1million and $ 1.2million, respectively. There was noimpair