Restructuring and Severance

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Restructuring and Severance

13. Restructuring and Severance

During the year ended December 31, 2023, the Company incurred restructuring expenses of $714,000, consisting of severance related costs of $421,000 and other restructuring related costs, including the write-off of capitalized software development costs of $333,000 associated with a specific product the Company had previously developed but was unable to sell.

During the year ended December 31, 2022, the Company incurred restructuring expenses of $202,000, consisting of severance related costs of $353,000 offset by a net credit of $151,000 associated with a settlement agreement for outstanding rental payments due the landlord on leased office space in San Francisco, California. The net credit represented the difference between amounts accrued and the settlement amount.

During the year ended December 31, 2021, the Company incurred restructuring expenses of $817,000, consisting of facility rental related costs of $521,000, and severance related costs of $296,000. Facility rental related costs during the year ended December 31, 2021 included a charge of $281,000 resulting from the impairment of a ROU operating lease asset for office space the Company vacated in the first quarter of 2021.

As of December 31, 2023 and 2022, there was no accrual for restructuring activities.