v3.24.0.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
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):

 

Estimated Useful Life

 

December 31,

 

 

(Years)

 

2023

 

 

2022

 

Computer equipment and software

 

3 - 5

 

$

3,681

 

 

$

3,195

 

Internal-use software

 

5

 

 

18,135

 

 

 

13,131

 

Furniture and fixtures

 

3

 

 

912

 

 

 

892

 

Leasehold improvements

 

Shorter of lease term
or useful life

 

 

5,431

 

 

 

4,704

 

Construction in progress

 

 

 

 

—

 

 

 

291

 

 

 

 

 

28,159

 

 

 

22,213

 

Less: Accumulated depreciation and amortization*

 

 

 

 

(13,025

)

 

 

(8,896

)

 

 

 

$

15,134

 

 

$

13,317

 

 

* 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):

 

December 31,

 

 

2023

 

 

2022

 

Long-lived assets:

 

 

 

 

 

 

U.S.

 

$

13,503

 

 

$

11,655

 

U.K.

 

 

105

 

 

 

196

 

Other countries

 

 

1,526

 

 

 

1,466

 

 

$

15,134

 

 

$

13,317