Property and Equipment, Net

9 Months Ended

Sep. 30, 2022

Property and Equipment, Net

Property and Equipment, Net

Note 4   Property and Equipment, Net

Property and equipment, net consists of the following (in thousands):

	September 30, 2022		December 31, 2021
Computer equipment	$	16,631	$	14,163
Software development costs		8,487		4,866
Leasehold improvements		1,833		1,947
Furniture and fixtures		426		540
Total property and equipment, cost		27,377		21,516
Less accumulated depreciation and amortization		(11,954)		(8,465)
Total property and equipment, net	$	15,423	$	13,051

As of September 30, 2022 and December 31, 2021, property and equipment, net located in the United States was $13.2 million and $10.4 million, respectively. The remainder was located in our various international locations. Included in property and equipment are the capitalized costs of software development. Software development costs capitalized during the three months ended September 30, 2022 and 2021 were $1.1 million and $400 thousand, respectively.  Software development costs capitalized during the nine months ended September 30, 2022 and 2021 were $3.6 million and $1.4 million, respectively.  

Depreciation and amortization expense related to property and equipment, excluding software development costs, was $892 thousand and $700 thousand for the three months ended September 30, 2022 and 2021, respectively. Depreciation and amortization expense related to property and equipment, excluding software development costs, was $2.5 million and $1.8 million for the nine months ended September 30, 2022 and 2021, respectively. Amortization expense related to software development costs was $582 thousand and $300 thousand for the three months ended September 30, 2022 and 2021, respectively. Amortization expense related to software development costs was $1.5 million and $900 thousand for the nine months ended September 30, 2022 and 2021, respectively.