Condensed Consolidated Balance Sheet Components (Tables)

3 Months Ended

Mar. 31, 2025

Regulated Operations [Abstract]

Schedule of Accounts Receivable

Accounts receivable and allowance for credit losses consisted of the following (in thousands):

	As of March 31, 2025		As of December 31, 2024
Accounts receivable	$	7,323	$	6,005
Allowance for credit losses	(1,469)		(1,299)
Accounts receivable, net	$	5,853	$	4,706

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):

	As of March 31, 2025		As of December 31, 2024
Indemnity escrow receivable(1)	$	3,070	$	3,070
Prepaid software	2,089		1,843
Term deposits (greater than 90 days)	1,075		1,068
Prepaid insurance	325		956
Other prepaid expenses	1,144		689
Other current assets	735		579
Prepaid expenses and other current assets	$	8,438	$	8,205

(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 39,063 shares of the Company's common stock with a fair value of $0.3 million as of March 31, 2025.

Property and Equipment, Net

Internal-use software, property and equipment, net consisted of the following (in thousands):

	As of March 31, 2025		As of December 31, 2024
Capitalized internal-use software	$	9,347	$	9,347
Computer equipment	112		163
Furniture and fixtures	579		579
Leasehold improvements	1,211		1,296
	$	11,249	$	11,385
Less: accumulated depreciation and amortization	(9,083)		(8,465)
Internal-use software and property and equipment, net	$	2,166	$	2,920

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following (in thousands):

	As of March 31, 2025		As of December 31, 2024
Payable to client(1)	$	1,672	$	1,679
Accrued taxes and deferred tax liabilities	1,742		1,575
Accrued other professional services	661		704
Contract liabilities	265		575
Accrued legal(2)	521		356
Common stock unvested liability	53		72
Other current liabilities(3)	1,772		1,350
Accrued expenses and other current liabilities	$	6,686	$	6,310

(1) Payable to clients primarily represents funds held in escrow for the benefit of custodial clients.

(2) Accrued legal includes recurring legal fees and accruals for loss contingencies.

(3) The Company recognized $0.2 million of revenue during the three months ended March 31, 2025, that was included in deferred revenue recorded in accrued expenses and other current liabilities as of December 31, 2024.