TELOS CORP
For the period ended Mar 31, 2024. Filed May 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
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9. Other Balance Sheet Components
- OTHER BALANCE SHEET COMPONENTS
| Table 9.1: Details of Other Assets | ||
|---|---|---|
| March 31, 2024 | December 31, 2023 | |
| (in thousands) | ||
| Investment (1) | $3,000 | $— |
| Restricted cash | 136 | 136 |
| Other | 662 | 749 |
| Other assets | $3,798 | $885 |
(1) In March 2024, we made a $3.0 million investment in a privately held company via a simple agreement for future equity. We paid $0.9 million in March 2024 and the remainder was paid in April 2024. The Company elected to apply the fair value option on this investment, and we did not note any changes in the fair value during the three months ended March 31, 2024.
| Table 9.2: Details of Accounts Payable and Other Accrued Liabilities | ||
|---|---|---|
| March 31, 2024 | December 31, 2023 | |
| (in thousands) | ||
| Accounts payable | $2,206 | $8,307 |
| Accrued payables | 6,958 | 5,443 |
| Accounts payable and other accrued liabilities | $9,164 | $13,750 |
| Table 9.3: Details of Other Current Liabilities | ||
|---|---|---|
| March 31, 2024 | December 31, 2023 | |
| (in thousands) | ||
| Other accrued expenses | $1,270 | $1,427 |
| Restructuring expenses accrual | 107 | 400 |
| Other | 655 | 497 |
| Other current liabilities | $2,032 | $2,324 |
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