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Property and Equipment, Net | 9 Months Ended
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Sep. 30, 2023
Property, Plant and Equipment [Abstract] |
Property and Equipment, Net | 5. Property and Equipment, Net Property and equipment consist of the following (in thousands):
| As of,
| September 30, 2023 |  | December 31, 2022
Capitalized internal-use software | $ | 10,409 |  |  | $ | 4,460 |
Office equipment | 3,441 |  |  | 3,203 |
Computer equipment | 647 |  |  | 639 |
Furniture and fixtures | 6,825 |  |  | 6,683 |
Leasehold improvements | 45,530 |  |  | 45,228 |
Construction-in-progress | — |  |  | 82 |
Asset retirement cost | 643 |  |  | 643 |
Total property and equipment | 67,495 |  |  | 60,938 |
Less accumulated depreciation and amortization | (24,765) |  |  | (15,101) |
Total property and equipment, net | $ | 42,730 |  |  | $ | 45,837 |
Depreciation and amortization expense related to property and equipment was approximately $3.3 million and $2.0 million for the three months ended September 30, 2023 and 2022, respectively, and $9.7 million and $6.1 million for the nine months ended September 30, 2023 and 2022, respectively. During the three months ended September 30, 2023 and 2022, the Company capitalized $3.0 million and $0.6 million of internal-use software development costs, respectively. Of the $3.0 million internal-use software development costs capitalized during the three months ended September 30, 2023, $1.2 million is attributable to stock-based compensation expense. During the nine months ended September 30, 2023 and 2022, the Company capitalized $5.8 million and $1.5 million of internal-use software development costs, respectively. Of the $5.8 million internal-use software development costs capitalized during the nine months ended September 30, 2023, $1.2 million is attributable to stock-based compensation expense. The Company recorded amortization expense associated with its capitalized internal-use software development costs of $0.5 million and $0.2 million for the three months ended September 30, 2023 and 2022, respectively and $1.1 million and $0.5 million for the nine months ended September 30, 2023 and 2022, respectively. Amortization expense is included in cost of revenue in the Consolidated Statements of Operations and Comprehensive Loss. The asset retirement obligation is included in other non-current liabilities on the Consolidated Balance Sheets. Asset retirement obligation activity is as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Beginning balance | $ | 741 |  |  | $ | 704 |  |  | $ | 722 |  |  | $ | 685 |
Additions | — |  |  | — |  |  | — |  |  | — |
Accretion | 10 |  |  | 9 |  |  | 29 |  |  | 28 |
Ending balance | $ | 751 |  |  | $ | 713 |  |  | $ | 751 |  |  | $ | 713 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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