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Property and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consists of the following as of December 31, 2022 and 2021:

December 31,
(in thousands)20222021
Office and other equipment$2,595 $2,526 
Leasehold improvements390 344 
Internally developed software5,722 3,633 
Purchased software1,031 1,108 
Total9,738 7,611 
Less: Accumulated depreciation(4,782)(3,998)
Property and equipment, net$4,956 $3,613 

Depreciation expense was $1.1 million and $2.4 million for the years ended December 31, 2022 and 2021.

The Company capitalized $2.3 million and $0.7 million of internally developed software costs for the years ended December 31, 2022 and 2021.

The Company performed its annual review of internally developed software for the years ended December 31, 2022 and 2021, and determined to abandon various software development projects that the Company concluded were no longer a current strategic fit based on new product initiatives and focus areas for the organization. For the year ended 2021, the Company wrote-off internally developed software with a cost of $8.4 million and accumulated depreciation of $2.6 million, and recognized an impairment charge of $5.8 million. The amount for 2022 was insignificant.
Property and equipment, net disaggregated by geography, consists of the following as of December 31, 2022 and 2021:
December 31,
(in thousands)20222021
United States$1,435 $742 
Germany3,521 2,871 
Total property and equipment, net$4,956 $3,613