
	As of September 30,		As of December 31,
	2022		2021

Accounts receivable	$	23,280	$	11,772
Allowance for doubtful accounts	(94)		—
Accounts receivable, net	$	23,186	$	11,772


	As of September 30,		As of December 31,
	2022		2021

Raw materials	$	1,821	$	1,298
Finished goods	13,385		711
Total inventory	$	15,206	$	2,009

Prepaid expenses and other current assets consist of the following (in thousands):


	As of September 30,		As of December 31,
	2022		2021

Prepaid expenses	$	8,348	$	9,798
Other receivables	2,457		792
Total prepaid expenses and other current assets	$	10,805	$	10,590

Prepaid expenses primarily consist of certain cloud platform and customer service program costs. Other receivables primarily consist of refunds and other deposits.


	As of September 30,		As of December 31,
	2022		2021

Computer equipment	$	671	$	479
Leasehold improvements	1,006		923
Production manufacturing equipment	624		378
Furniture and fixtures	431		422
Total property and equipment, gross	2,732		2,202
Less: accumulated depreciation	(2,207)		(1,622)
Total property and equipment, net	$	525	$	580

Depreciation expense was $0.1 million and $0.3 million for the three and nine months ended September 30, 2022 and $0.2 million and $0.4 million for the three and nine months ended September 30, 2021, respectively.

Prepaid expenses and other assets, noncurrent consist of the following (in thousands):


	As of September 30,		As of December 31,
	2022		2021

Prepaid expenses	$	1,993	$	3,324
Investment in affiliate	5,474		—
Other assets	136		367
Total prepaid expenses and other assets, noncurrent	$	7,603	$	3,691

Prepaid expenses primarily consist of cloud platform costs. Investment in affiliate relates to warrants to purchase shares of common stock of a current Data Revenue Partner. Refer to Note 3 “Revenue” for additional information.

The Company currently leases real estate space under non-cancelable operating lease agreements for its corporate headquarters in San Francisco, San Mateo and San Diego, California and Chicago, Illinois. The operating leases have remaining lease terms of up to 2 years, some of which include the option to extend the lease.

The Company has recognized a right-of-use (ROU) asset, short term and long-term lease liabilities of $1.5 million, $1.3 million, and $0.2 million in “Right-of-use-asset,” “Accrued expenses and other liabilities,” and “Other noncurrent liabilities,” respectively, on the Company’s condensed consolidated balance sheet as of September 30, 2022.

The Company has recognized operating ROU assets, short term and long-term lease liabilities of $1.6 million, $1.6 million, and $0.3 million in “Right-of-use-asset,” “Accrued expenses and other liabilities,” and “Other noncurrent liabilities,” respectively, on the Company’s condensed consolidated balance sheet as of December 31, 2021.

The Company did not have any finance leases as of September 30, 2022 or December 31, 2021.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021

Operating lease cost (1)	$	602	$	367	$	1,796	$	1,076

The weighted-average remaining term of the Company’s operating leases was 1.0 years and 1.3 years as of September 30, 2022 and December 31, 2021, respectively, and the weighted-average discount rate used to measure the present value of the operating lease liabilities was 5.0% and 4.8%, respectively.

Maturities of the Company’s operating lease liabilities, which do not include short-term leases, as of September 30, 2022 were as follows (in thousands):


	Operating leases
Remainder of 2022	$	548
2023	931
2024	61
Total future minimum lease payments	1,540
Less imputed interest	(38)
Total operating lease liability	$	1,502

Payments for operating leases included in cash from operating activities were $0.6 million and $1.8 million for the three and nine months ended September 30, 2022 and $0.4 million and $1.1 million for the three and nine months ended September 30, 2021, respectively.


	As of September 30,		As of December 31,
	2022		2021

Intellectual property	$	225	$	225
Licenses	237		237
Trade name	23,380		3,380
Technology	22,685		4,285
Customer relationships	15,290		990
Internal use software	701		—
Total intangible assets, gross	62,518		9,117
Less: accumulated amortization	(7,584)		(1,131)
Total intangible assets, net	$	54,934	$	7,986

Amortization expense was $2.2 million and $6.5 million for the three and nine months ended September 30, 2022. $0.1 million of amortization expense was recorded for the three and nine months ended September 30, 2021.

As of September 30, 2022, estimated remaining amortization expense for intangible assets by fiscal year is as follows (in thousands):


	Amount

Remainder of 2022	$	2,236
2023	8,944
2024	8,944
2025	8,864
2026	8,442
Beyond	17,504
Total future amortization expense	$	54,934

The weighted-average remaining useful lives of the Company’s acquired intangible assets are as follows:


	Weighted-Average Remaining Useful Life
	As of September 30,	As of December 31,
	2022	2021

Trade name	9.2 years	9.7 years
Technology	4.2 years	4.5 years
Customer relationships	7.4 years	9.7 years


	As of September 30, 2022
	Intellectual property		Licenses		Trade name		Technology		Customer relationships		Internal use software		Total
Total intangible assets	$	225	$	237	$	23,380	$	22,685	$	15,290	$	701	$	62,518
Less accumulated amortization	(225)		(237)		(1,839)		(3,839)		(1,424)		(20)		(7,584)
Total intangible assets, net	$	—	$	—	$	21,541	$	18,846	$	13,866	$	681	$	54,934


	As of December 31, 2021
	Intellectual property		Licenses		Trade name		Technology		Customer relationships		Total
Total intangible assets	$	225	$	237	$	3,380	$	4,285	$	990	$	9,117
Less accumulated amortization	(225)		(237)		(113)		(523)		(33)		(1,131)
Total intangible assets, net	$	—	$	—	$	3,267	$	3,762	$	957	$	7,986



Balance as of December 31, 2021	$	31,127
Acquisitions	102,493
Balance as of September 30, 2022	$	133,620

Accrued expenses and other liabilities consist of the following (in thousands):


	As of September 30,		As of December 31,
	2022		2021

Accrued vendor expenses	$	14,698	$	7,478
Accrued compensation	3,871		1,324
Customer related promotions and discounts	3,413		—
Operating lease liability	1,313		1,574
Other current liabilities	3,863		171
Total accrued expenses and other liabilities	$	27,158	$	10,547

Other current liabilities primarily relate to warranty liabilities and return accruals related to the Company’s hardware tracking devices.

The escrow liability relates to restricted cash associated with the Tile, Inc. acquisition placed in an indemnity escrow fund to be held for fifteen months after the acquisition date for general representations and warranties. The initial balance was included within total consideration transferred.

As of September 30, 2022 the total escrow liability remaining was $13.1 million and is included within current liabilities. No escrow liability was recorded as of December 31, 2021.


	As of September 30,		As of December 31,
	2022		2021

Deposit liabilities	$	256	$	916
Other noncurrent liabilities	1,053		—
Operating lease liability	189		289
Total other noncurrent liabilities	$	1,498	$	1,205