TELOS CORP
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
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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.
Jun 30, 2025 · Filed Aug 11, 2025
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9. Other Balance Sheet Components
- OTHER BALANCE SHEET COMPONENTS
| Table 9.1: Details of Other Assets | ||
|---|---|---|
| June 30, 2025 | December 31, 2024 | |
| (in thousands) | ||
| Investment (1) | $3,000 | $3,000 |
| Prepaid expense – long-term portion | 665 | 4,975 |
| Restricted cash | 139 | 139 |
| Other | 196 | 75 |
| Other assets | $4,000 | $8,189 |
(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. The fair value of this investment was based on non-marketable observable inputs, which represent Level 3 measurement within the fair value hierarchy. Changes in the fair value of this investment are recognized within "Other income" on the unaudited consolidated statements of operations, if any. During the three and six months ended June 30, 2025, and 2024, the Company did not recognize any changes in the fair value.
| Table 9.2: Details of Accounts Payable and Other Accrued Liabilities | ||
|---|---|---|
| June 30, 2025 | December 31, 2024 | |
| (in thousands) | ||
| Accounts payable | $12,272 | $1,153 |
| Accrued payables | 1,103 | 3,147 |
| Accounts payable and other accrued liabilities | $13,375 | $4,300 |
| Table 9.3: Details of Other Current Liabilities | ||
|---|---|---|
| June 30, 2025 | December 31, 2024 | |
| (in thousands) | ||
| Other accrued expenses | $1,231 | $829 |
| Restructuring expenses accrual | — | 37 |
| Other | 366 | 436 |
| Other current liabilities | $1,597 | $1,302 |
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