Property and Equipment, Net |
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| Property and Equipment, net | Note 7. Property and Equipment, net Property and equipment, net consisted of the following as of the dates presented (dollars in thousands):
* For the year ended December 31, 2023, accumulated depreciation and amortization expense included $(167) thousand of computer disposals and $54 thousand of foreign currency translation adjustments. For the year ended December 31, 2022, accumulated depreciation and amortization expense included $(208) thousand of computer disposals and $(222) thousand of foreign currency translation adjustments. Depreciation of property and equipment and amortization of internal-used software was $4.2 million, $3.2 million and $2.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. The Company capitalized $5.0 million and $5.7 million in costs related to internal-use software during the years ended December 31, 2023 and 2022. As of December 31, 2023 and 2022, the carrying value of internal-used software was $12.7 million and $10.6 million, respectively. Amortization expense related to internal-used software was $2.9 million, $1.6 million and $0.8 for the years ended December 31, 2023, 2022 and 2021, respectively. Geographic Information The following table summarizes the Company’s property and equipment, net based on geography (in thousands):
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