Property, Equipment and Software, net

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Property, Equipment and Software, net

Note 10 — Property, Equipment and Software, net

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

	Useful Life (Years)	December 31,
		2023		2022
Furniture and fixtures	5	$	128	$	119
Computer equipment	3	20		17
Leasehold improvements	15	36		—
Capitalized software	3	702		571
Property, equipment and software, gross		886		707
Less: accumulated depreciation and amortization		(287)		(34)
Total property, equipment and software, net		$	599	$	673

The Company acquired the license to its proprietary Colossus SSP platform in November 2022 from its third-party developer. The Company moved headquarters in 2022 and capitalized furniture and fixtures, computer equipment and leasehold improvements related to the move. The following table summarizes depreciation and amortization expense related to property, equipment and software by line item for the years ended December 31, 2023 and 2022 (in thousands):

	Year Ended December 31,
	2023		2022
Cost of revenues	$	218	$	28
General and administrative	35		6
Total depreciation and amortization	$	253	$	34

Note 10 — Property, Equipment and Software, net

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

	Useful Life (Years)	September 30, 2024		December 31, 2023
Furniture and fixtures	5	$	137	$	128
Computer equipment	3	20		20
Leasehold improvements	15	42		36
Capitalized software	3	702		702
Property, equipment and software, gross		901		886
Less: accumulated depreciation and amortization		(492)		(287)
Total property, equipment and software, net		$	409	$	599

The following table summarizes depreciation and amortization expense related to property, equipment and software by line item for the three and nine months ended September 30, 2024 and 2023 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Cost of revenue	$	41	$	42	$	125	$	125
General and administrative	26		22		80		60
Total depreciation and amortization	$	67	$	64	$	205	$	185