Consolidated Financial Statement Components

6 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Consolidated Financial Statement Components

CONSOLIDATED FINANCIAL STATEMENT COMPONENTS

Depreciation and Accretion

Depreciation and accretion expenses consisted of the following for the periods stated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(Dollars in thousands)	2023		2022		2023		2022
Depreciation
Leasehold improvements	$	14	$	16	$	27	$	35
Asset retirement costs	64		(175)		130		(350)
Paging and computer equipment	967		800		1,905		1,650
Furniture, fixtures and vehicles	56		60		111		130
Total depreciation	1,101		701		2,173		1,465
Accretion	164		170		328		340
Total depreciation and accretion expense	$	1,265	$	871	$	2,501	$	1,805

Accounts Receivable, Net

Accounts receivable was recorded net of an allowance of $1.6 million at June 30, 2023, and $1.8 million at December 31, 2022. Accounts receivable, net includes $9.1 million and $5.9 million of unbilled receivables at June 30, 2023, and December 31, 2022, respectively. Unbilled receivables are defined as the Company's right to consideration in exchange for goods or services that we have transferred to the customer but have not yet billed for, generally as a result of contractual billing terms.

Property and Equipment, Net

Property and equipment, net consisted of the following as of the dates stated:

(Dollars in thousands)	Useful Life  (In Years)	June 30, 2023		December 31, 2022
Leasehold improvements	shorter of useful life or lease term	$	2,553	$	2,497
Asset retirement costs	1-5	3,848		3,848
Paging and computer equipment	1-5	87,432		88,427
Furniture, fixtures and vehicles	3-5	3,174		3,289
Total property and equipment		97,007		98,061
Accumulated depreciation		(89,138)		(89,838)
Total property and equipment, net		$	7,869	$	8,223