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Consolidated Other Balance Sheet Components
 12 Months Ended
Dec. 31, 2023
Regulated Operations [Abstract]  
Consolidated Other Balance Sheet Components Consolidated Other Balance Sheet Components
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in thousands):

As of December 31,
20232022
Term deposits$7,694 $— 
Prepaid insurance1,084 3,250 
Prepaid software1,484 1,406 
Other prepaid expenses801 1,546 
Other current assets2,190 2,177 
Prepaid expenses and other current assets$13,253 $8,379 
Internal-Use Software, Property and Equipment, Net
Internal-use software and property and equipment, net consisted of the following (in thousands):
As of December 31,
20232022
Capitalized internal-use software$9,000 $9,605 
Computer equipment125 66 
Furniture and fixtures485 426 
Leasehold improvements866 387 
$10,476 $10,484 
Less: accumulated depreciation and amortization(5,284)(2,485)
Total$5,192 $7,999 

For the years ended December 31, 2023, 2022, and 2021, the Company recorded depreciation expense related to property and equipment amounting to $0.2 million, $0.2 million, and $0.4 million, respectively. For the years ended December 31, 2023, 2022, and 2021 the Company also recorded impairment loss of $0.0 million, $0.2 million, and $0.0 million, respectively, primarily related to leasehold improvements and furniture and fixtures due to the impairment of a right-of-use asset following a sublease included in general and administrative expense within the consolidated statements of operations. See Note 7, "Leases," for additional information.
For the years ended December 31, 2023, 2022, and 2021, the Company recorded amortization expense on capitalized internal-use software placed in service of $2.8 million, $1.8 million, and $0.2 million, respectively. The Company recorded $0.6 million, $0.0 million and $0.0 million of impairment loss for developed software that was put into service but will no longer be used, included in general and administrative expense within the consolidated statements of operations, for the years ended December 31, 2023, 2022, and 2021, respectively.

Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following (in thousands):

As of December 31,
20232022
Accrued professional services$3,166 $1,299 
Accrued taxes and deferred tax liabilities1,479 1,006 
Common stock unvested liability223 589 
Other current liabilities3,993 3,527 
Total$8,861 $6,421