TELOS CORP

For the period ended Sep 30, 2024. Filed Nov 12, 2024.

About this filing

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.

Sep 30, 2024 · Filed Nov 12, 2024

TLS$7.17+48.8%Stored close · as of Nov 9, 2026

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Contents

9. Other Balance Sheet Components

OTHER BALANCE SHEET COMPONENTS

Table 9.1: Details of Other Assets
	September 30, 2024	December 31, 2023
(in thousands)
Investment (1)	$3,000	$—
Restricted cash	138	136
Other (2)	6,382	749
Other assets	$9,520	$885

(1) In March 2024, the Company made a $3.0 million investment in a privately held company via a simple agreement for future equity. The Company elected to apply the fair value option on this investment. The Company believes the fair value option best reflects the economics of the underlying transaction. During the three and nine months ended September 30, 2024, there were no changes in the fair value. This is categorized as Level 3 as a result of the non-marketable observable inputs.

(2) Includes long-term prepaid assets in the amount of $5.3 million as of September 30, 2024.

Table 9.2: Details of Accounts Payable and Other Accrued Liabilities
	September 30, 2024	December 31, 2023
(in thousands)
Accounts payable	$2,796	$8,307
Accrued payables	3,493	5,443
Accounts payable and other accrued liabilities	$6,289	$13,750

Table 9.3: Details of Other Current Liabilities
	September 30, 2024	December 31, 2023
(in thousands)
Other accrued expenses	$1,085	$1,427
Restructuring expenses accrual	1,347	400
Other	472	497
Other current liabilities	$2,904	$2,324

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