Consolidated Financial Statement Components

9 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Consolidated Financial Statement Components

CONSOLIDATED FINANCIAL STATEMENT COMPONENTS

Depreciation and Accretion

Depreciation and accretion expenses consisted of the following for the periods stated:


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(Dollars in thousands)	2023		2022		2023		2022

Depreciation
Leasehold improvements	$	24	$	16	$	51	$	51
Asset retirement costs	66		(176)		196		(526)
Paging and computer equipment	959		763		2,864		2,413
Furniture, fixtures and vehicles	54		55		165		185
Total depreciation	1,103		658		3,276		2,123




Accretion	164		170		492		510
Total depreciation and accretion expense	$	1,267	$	828	$	3,768	$	2,633

Accounts Receivable, Net

Accounts receivable was recorded net of an allowance of $1.2 million at September 30, 2023, and $1.8 million at December 31, 2022. Accounts receivable, net includes $6.0 million and $5.9 million of unbilled receivables at September 30, 2023, and December 31, 2022, respectively. Unbilled receivables are defined as the Company's right to consideration in exchange for goods or services that we have transferred to the customer but have not yet billed for, generally as a result of contractual billing terms.

Property and Equipment, Net

Property and equipment, net consisted of the following as of the dates stated:


(Dollars in thousands)	Useful Life (In Years)	September 30, 2023		December 31, 2022

Leasehold improvements	shorter of useful life or lease term	$	2,584	$	2,497
Asset retirement costs	1-5	3,848		3,848
Paging and computer equipment	1-5	86,973		88,427
Furniture, fixtures and vehicles	3-5	3,109		3,289
Total property and equipment		96,514		98,061
Accumulated depreciation		(89,138)		(89,838)
Total property and equipment, net		$	7,376	$	8,223