As of September 30, 2023 and December 31, 2022, the Company had balances of $23.9 million and $20.5 million, respectively, of prepaid assets within prepaid expenses and other assets on the condensed consolidated balance sheets.

As of September 30, 2023 and December 31, 2022, the Company had balances of $12.6 million and $9.3 million, respectively, of deferred expenses incurred to integrate the software associated with its cloud computing arrangements, within other assets, non-current on the condensed consolidated balance sheets. Such expenses are subject to amortization over the remaining contractual term of the associated cloud computing arrangement, with a useful life of between three to five years. The Company incurred $1.0 million and $1.2 million of such amortization for the three months ended September 30, 2023 and 2022, respectively. The Company incurred $2.8 million and $1.9 million of such amortization for the nine months ended September 30, 2023 and 2022, respectively.

The following table presents the components of accounts payable and accrued expenses on the Company’s condensed consolidated balance sheets as of each of the dates indicated.


	September 30, 2023		December 31, 2022

	(in thousands)
Accrued university and instructional staff compensation	$	28,893	$	30,807
Accrued marketing expenses	18,793		15,988
Accrued compensation and related benefits	25,747		16,213
Accounts payable and other accrued expenses	54,883		47,012
Total accounts payable and accrued expenses	$	128,316	$	110,020

As of September 30, 2023 and December 31, 2022, the Company had balances of $8.9 million and $14.7 million, respectively, within other current liabilities on the condensed consolidated balance sheets, which represent proceeds received from students enrolled in certain of the Company’s alternative credential offerings that are payable to an associated university client.