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Consolidated Balance Sheet Components (Tables)
 12 Months Ended
Dec. 31, 2024
Regulated Operations [Abstract]  
Schedule of Accounts Receivable
Accounts receivable and allowance for credit losses consisted of the following (in thousands):

As of December 31,
20242023
Accounts receivable$6,005 $5,128 
Allowance for credit losses(1,299)(1,061)
Accounts receivable, net$4,706 $4,067 
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in thousands):
As of December 31,
20242023
Indemnity escrow receivable(1)
$3,070 $1,581 
Prepaid software1,843 1,484 
Term deposits (greater than 90 days)1,068 7,694 
Prepaid insurance956 1,084 
Other prepaid expenses689 801 
Other current assets579 609 
Prepaid expenses and other current assets$8,205 $13,253 
(1) The Company filed a claim against the indemnity escrow related to the acquisition of IRA Services, Inc. The indemnity escrow account held as collateral had total assets of $3.5 million of cash and 585,959 shares of the Company's common stock with a fair value of $0.5 million as of December 31, 2024.
Property and Equipment, Net
Internal-use software, property and equipment, net consisted of the following (in thousands):
As of December 31,
20242023
Capitalized internal-use software$9,347 $9,000 
Computer equipment163 125 
Furniture and fixtures579 485 
Leasehold improvements1,296 866 
$11,385 $10,476 
Less: accumulated depreciation and amortization(8,465)(5,284)
Internal-use software and property and equipment, net$2,920 $5,192 
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following (in thousands):

As of December 31,
20242023
Payable to client(1)
$1,679 $1,693 
Accrued taxes and deferred tax liabilities1,575 1,479 
Accrued other professional services704 696 
Contract liabilities575 400 
Accrued legal(2)
356 2,470 
Common stock unvested liability72 223 
Other current liabilities(3)
1,350 1,900 
Accrued expenses and other current liabilities$6,310 $8,861 
(1) Payable to clients represents funds held in escrow for the benefit of custodial clients.
(2) Accrued legal includes recurring legal fees and accruals for loss contingencies. See Note 7, "Commitments and Contingencies" for additional information.
(3) The Company recognized $0.4 million and $0.4 million of revenue during the years ended December 31, 2024 and 2023, respectively, that was included in the opening deferred revenue balances recorded in accrued expenses and other current liabilities.