Balance Sheet Components

12 Months Ended

Dec. 31, 2022

Other Assets

Other assets consisted of the following:


	December 31,		December 31,
	2021		2022
Servicing fees and other receivables	$	55,518	$	46,652
Loan servicing assets (at fair value)	18,388		36,467
Prepaid expenses	30,012		16,740
Other assets	8,809		22,678
Deposits	8,377		10,002
Notes receivable and residual certificates (at fair value)	8,288		6,181
Total other assets	$	129,392	$	138,720

Servicing fees and other receivables represent amounts recognized as revenue but not yet collected in relation to servicing and other agreements with institutional investors and lending partners.

Property, Equipment, and Software, Net

Property, equipment, and software, net consisted of the following:


	December 31,		December 31,
	2021		2022
Internally developed software	$	17,735	$	37,783
Leasehold improvements	7,450		13,074
Computer and networking equipment	3,796		6,049
Furniture and fixtures	3,199		4,421
Total property, equipment, and software	32,180		61,327
Accumulated depreciation and amortization	(7,921)		(17,159)
Total property, equipment, and software, net	$	24,259	$	44,168

For the year ended December 31, 2020, 2021 and 2022, depreciation and amortization expense on property, equipment, and software was $2.3 million, $4.2 million and, $13.5 million respectively. Capitalized internally developed software balances, net of accumulated amortization, were $13.5 million and $27.4 million as of December 31, 2021 and 2022, respectively.

Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consisted of the following:


	December 31,		December 31,
	2021		2022
Accrued expenses	$	48,207	$	23,506
Accrued payroll	37,293		21,825


Loan servicing liabilities (at fair value)	8,780		3,968
Trailing fee liability (at fair value)	4,315		4,852


Other liabilities	4,823		12,795
Total accrued expenses and other liabilities	$	103,418	$	66,946