Consolidated balance sheet components

6 Months Ended

Jun. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Consolidated balance sheet components

4. Consolidated balance sheet components

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

	June 30,		December 31,
	2022		2021
Prepaid expenses	$	10,358	$	12,465
Capitalized cloud computing costs, current	829		808
Short term deposits	447		745
Other current assets	2,259		1,909
Prepaid expenses and other current assets	$	13,893	$	15,927

Property and equipment, net consisted of the following (in thousands):

	June 30,		December 31,
	2022		2021
Computers and equipment	$	7,376	$	6,798
Furniture and fixtures	4,767		4,701
Purchased software	383		383
Leasehold improvements	19,037		18,932
Construction in progress	43		18
Total property and equipment	31,606		30,832
Less accumulated depreciation and amortization	(23,320)		(20,945)
Property and equipment, net	$	8,286	$	9,887

Depreciation expense was $1.1 million and $1.2 million for the three months ended June 30, 2022 and 2021, respectively, and $2.3 million for both the six months ended June 30, 2022 and 2021.

Capitalized software, net consisted of the following (in thousands):

	June 30,		December 31,
	2022		2021
Capitalized software	$	53,006	$	43,804
Less accumulated amortization	(29,489)		(23,750)
Capitalized software, net	$	23,517	$	20,054

Amortization expense of capitalized software was $3.0 million and $2.2 million for the three months ended June 30, 2022 and 2021, respectively, and $5.7 million and $4.2 million for the six months ended June 30, 2022 and 2021, respectively.

As of June 30, 2022, expected amortization expense for capitalized software over the remaining asset lives is as follows (in thousands):

Remainder of 2022	$	6,107
2023	10,395
2024	6,070
2025	945
Total expected amortization	$	23,517