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Property and Equipment and Long-Lived Assets
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment and Long-Lived Assets

(5) Property and Equipment and Long-Lived Assets

Property and equipment consist of the following as of March 31, 2022 and December 31, 2021 (in thousands):

 

 

 

 

 

March 31,

 

 

December 31,

 

 

 

Useful Life

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

Technology hardware

 

3 years

 

$

2,390

 

 

$

2,220

 

Manufacturing equipment

 

5 years

 

 

2,448

 

 

 

2,946

 

Capitalized software development

 

3 years

 

 

15,346

 

 

 

13,126

 

Patent

 

17 years

 

 

157

 

 

 

157

 

Leasehold improvements

 

Shorter of useful
life or lease term

 

 

1,248

 

 

 

1,222

 

Furniture and fixtures

 

7 years

 

 

1,192

 

 

 

1,155

 

Total

 

 

 

 

22,781

 

 

 

20,826

 

Less accumulated depreciation

 

 

 

 

(11,147

)

 

 

(10,539

)

Property and Equipment, net

 

 

 

$

11,634

 

 

$

10,287

 

 

Depreciation expense for the three months ended March 31, 2022 and 2021 was as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Cost of revenue

 

$

34

 

 

$

37

 

Sales and marketing

 

 

-

 

 

 

5

 

Operations and support

 

 

11

 

 

 

31

 

Product development

 

 

704

 

 

 

570

 

General and administrative

 

 

185

 

 

 

23

 

Total depreciation expense

 

$

934

 

 

$

666