Property and Equipment

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 10—Property and Equipment

Property and Equipment, Net of Accumulated Depreciation is comprised of the following:

	As of
	September 30, 2022			December 31, 2021
	(in thousands)
Leasehold Improvements	$	11,390		$	6,967
Furniture and Fixtures		1,591			1,591
Computer Hardware		1,221			880
Computer Software		912			879
Office Equipment		218			211
Capitalized Internal-Use Software Development Costs		426			245
Total		15,758			10,773
Less: Accumulated Depreciation and Amortization		(7,887	)		(7,086	)
Total	$	7,871		$	3,687

Depreciation is included in general and administrative expense and totaled approximately $0.3 million and $0.8 million, respectively, for the three and nine months ended September 30, 2022. Depreciation totaled approximately $0.3 million and $0.9 million, respectively, for the three and nine months ended September 30, 2021.

During the nine months ended September 30, 2022, the Company capitalized $0.2 million of internal-use software development costs. During the three and nine months ended September 30, 2022, the Company recognized less than $0.1 million and $0.1 million, respectively, in amortization expense related to capitalized internal-use software costs. As of and for the three and nine months ended September 30, 2021, the Company did not have capitalized internal-use software development costs.