BALANCE SHEET COMPONENTS

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Property and equipment, net

Property and equipment, net, consist of the following as of December 31, 2023 and 2022 (in thousands):


	December 31,		December 31,
	2023		2022
Computer and software	$	66,495	$	37,517
Equipment	843		765
Leasehold improvements	949		922
Property and equipment, gross	68,287		39,204
Less: accumulated depreciation and amortization	(26,730)		(7,541)
Property and equipment, net	$	41,557	$	31,663

The Company capitalized $28.1 million, $29.4 million and $4.0 million, of internally developed costs during the year ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023 and December 31, 2022, internally developed software costs balances, included in property and equipment, net, are $38.9 million and $28.2 million, respectively.

Depreciation and amortization expense was $19.1 million, $6.3 million and $0.8 million for the year ended December 31, 2023, 2022 and 2021, respectively.

During each of the year ended December 31, 2023, 2022 and 2021, the Company wrote off certain internally developed software, and reported $2.5 million, $3.2 million, $0.0 million, respectively, of impairment loss in the statements of operations. No impairment losses related to property and equipment were recorded during the year ended December 31, 2023, 2022 and 2021.

Prepaid and other current assets

Prepaid and other current assets, consist of the following as of December 31, 2023 and 2022 (in thousands):


	December 31,		December 31,
	2023		2022
Prepaid expenses	$	6,715	$	7,092
Related party receivables	7,896		18,783
Other current assets	3,423		1,383
Total Prepaid expenses and other current assets	$	18,034	$	27,258

Accrued expenses and other liabilities

Accrued expenses and other liabilities consist of the following as of December 31, 2023 and 2022 (in thousands):


	December 31,		December 31,
	2023		2022
Employee payables	$	10,353	$	14,482
Other short-term liabilities	18,209		35,014
Total accrued expenses and other liabilities	$	28,562	$	49,496