OTHER CURRENT ASSETS

9 Months Ended

Sep. 30, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

OTHER CURRENT ASSETS

NOTE 11: OTHER CURRENT ASSETS

Other current assets primarily includes user-held fractional shares for our fractional shares program and prepaid expenses, and to a lesser extent securities owned by us for the promotional stock referral and fractional shares program and other receivables. We classify prepayments made under contracts as prepaid expenses and expense them over the contract terms. Prepaid expenses primarily include prepayments on cloud infrastructure and other software services and prepayments on insurance.

The following table presents the detail of other current assets:

	December 31,		September 30,
(in thousands)	2020		2021
User-held fractional shares	$	802,483	$	1,530,971
Prepaid expenses	28,629		98,303
Securities owned	3,222		22,769
Restricted cash	—		1,690
Other	16,804		20,280
Total other current assets	$	851,138	$	1,674,013