Prepaid Expenses and Other Current Assets

9 Months Ended

Sep. 30, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses and Other Current Assets

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consists of the following:

	September 30, 2021		December 31, 2020
Tax withholdings	$	22,799	$	—
Receivable from exercised options	4,753		—
Prepaid expenses	4,600		4,368
Other current assets	2,839		2,411
Total prepaid expenses and other current assets	$	34,991	$	6,779

At September 30, 2021, a total of $22.8 million of tax withholdings was remitted to the government in connection with the release of restricted stock units on September 29, 2021, the day of the Company’s Direct Listing. The share sales executed to cover taxes take several days to settle into the Company’s bank account which led to this amount being established as an other asset. Similarly, options exercised on the day of the Direct Listing did not settle by September

30, 2021, resulting in an asset being established. The Company received the full amount of the tax withholdings and option exercises in October 2021.