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Consolidated Balance Sheet Components
6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Consolidated Balance Sheet Components

6. CONSOLIDATED BALANCE SHEET COMPONENTS

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

 

 

 

 

 

As of

 

 

 

Estimated
Useful Life

 

June 30, 2022

 

 

December 31, 2021

 

Internal-use software

 

2 to 5 years

 

$

46,005

 

 

$

35,508

 

Computer equipment and software

 

2 years

 

 

5,005

 

 

 

4,163

 

Leasehold improvements

 

Shorter of useful life and
remaining lease term

 

 

6,527

 

 

 

7,119

 

Furniture and fixtures

 

5 years

 

 

2,759

 

 

 

3,051

 

Total property, equipment, and software

 

 

 

 

60,296

 

 

 

49,841

 

Less accumulated depreciation and amortization

 

 

 

 

(32,434

)

 

 

(25,116

)

Property, equipment, and software—net

 

 

 

$

27,862

 

 

$

24,725

 

 

Depreciation and amortization expense related to property, equipment, and software for the three months ended June 30, 2022 and 2021 was $3,779 and $2,864, respectively, which included amortization expense for internal-use software of $3,059 and $2,157, respectively, that is recorded within cost of revenue in the unaudited condensed consolidated statements of operations.

 

Depreciation and amortization expense related to property, equipment, and software for the six months ended June 30, 2022 and 2021 was $7,318 and $5,368, respectively, which included amortization expense for internal-use software of $5,870 and $3,988, respectively, that is recorded within cost of revenue in the unaudited condensed consolidated statements of operations.

Intangible AssetsIntangible assets, net consisted of the following:

 

 

 

 

 

As of

 

 

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

Estimated
Useful
Life

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

Content assets

 

5 years

 

$

6,098

 

 

$

(1,353

)

 

$

4,745

 

 

$

5,721

 

 

$

(777

)

 

$

4,944

 

Developed technology

 

6 years

 

 

8,446

 

 

 

(4,034

)

 

 

4,412

 

 

 

8,446

 

 

 

(3,337

)

 

 

5,109

 

Assembled workforce

 

3 years

 

 

181

 

 

 

(173

)

 

 

8

 

 

 

181

 

 

 

(143

)

 

 

38

 

Intangible assets

 

 

 

$

14,725

 

 

$

(5,560

)

 

$

9,165

 

 

$

14,348

 

 

$

(4,257

)

 

$

10,091

 

 

During the three months ended June 30, 2022 and 2021, the Company capitalized $122 and $599 of content assets, respectively. During the six months ended June 30, 2022 and 2021, the Company capitalized $377 and $769 of content assets, respectively. Intangible assets amortization expense was $660 and $576 for the three months ended June 30, 2022 and 2021, respectively. Intangible assets amortization expense was $1,303 and $1,003 for the six months ended June 30, 2022 and 2021, respectively.

 

As of June 30, 2022, the weighted-average remaining amortization period was 0.1 years for assembled workforce, 3.1 years for developed technology, and 3.9 years for content assets. Amortization of assembled workforce is included in research and development expenses, and amortization of developed technology and content assets is included in cost of revenue in the unaudited condensed consolidated statements of operations.

As of June 30, 2022, future expected amortization expense for intangible assets was as follows:

 

Years Ending December 31

 

 

 

Remainder of 2022

 

$

1,321

 

2023

 

 

2,618

 

2024

 

 

2,627

 

2025

 

 

2,099

 

2026

 

 

433

 

Thereafter

 

 

67

 

Total

 

$

9,165