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Balance Sheet Components | 12 Months Ended
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Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract] |
Balance Sheet Components | Note 7. Balance Sheet Components Accounts Receivable, net Accounts receivable, net consisted of the following (in thousands):
|  | December 31, |
|  | 2022 |  |  | 2021 |
Unbilled accounts receivable |  | $ | 30,963 |  |  | $ | 27,086 |
Billed accounts receivable |  |  | 41,718 |  |  |  | 23,227 |
Allowance for doubtful accounts and reserves |  |  | (106 | ) |  |  | (123 | )
Accounts receivable, net |  | $ | 72,575 |  |  | $ | 50,190 |
The majority of invoices included within the unbilled accounts receivable balance are issued within the first few days of the month directly following the period of service. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands):
|  | December 31, |
|  | 2022 |  |  | 2021 |
Prepaid expenses |  | $ | 14,947 |  |  | $ | 11,722 |
Deferred contract costs, current portion |  |  | 4,215 |  |  |  | 3,573 |
Contract assets |  |  | 2,518 |  |  |  | — |
Tax receivable |  |  | 2,602 |  |  |  | — |
Other receivable |  |  | 1,540 |  |  |  | — |
Other current assets |  |  | 2,335 |  |  |  | 1,256 |
Prepaid expense and other current assets |  | $ | 28,157 |  |  | $ | 16,551 |
Property and Equipment, net Property and equipment, net consisted of the following (in thousands):
|  | December 31, |
|  | 2022 |  |  | 2021 |
Computer equipment |  | $ | 12,794 |  |  | $ | 13,886 |
Leasehold improvements |  |  | 3,575 |  |  |  | 3,045 |
Furniture and fixtures |  |  | 1,207 |  |  |  | 1,126 |
Internally developed software |  |  | 11,561 |  |  |  | 4,925 |
Construction in progress |  |  | 379 |  |  |  | — |
Total property and equipment |  |  | 29,516 |  |  |  | 22,982 |
Less: accumulated depreciation |  |  | (14,452 | ) |  |  | (12,244 | )
Total property and equipment, net |  | $ | 15,064 |  |  | $ | 10,738 |
Internally developed software includes $0.5 million of capitalized equity-based compensation for the years ended December 31, 2022 and 2021. Depreciation expense was $4.8 million, $3.5 million and $2.3 million for the year ended December 31, 2022, 2021 and 2020, respectively. Depreciation expense includes $0.1 million and $0.5 million of impairment losses related to abandoned in process capitalized software projects that are recorded within research and development expense in the consolidated statements of operations for the year ended December 31, 2022 and 2021, respectively. We determined that these software projects would not generate future cash flows through use or disposal to a third party and, as such, the fair value as of December 31, 2022 and 2021 was $0. Other Non-current Assets Other Non-current assets consisted of the following (in thousands):
|  | December 31, |
|  | 2022 |  |  | 2021 |
Prepaid management fee to Principal Equity Owners |  | $ | 2,009 |  |  | $ | 4,405 |
Long term deposits |  |  | 861 |  |  |  | 178 |
Long term contract asset |  |  | 1,191 |  |  |  | — |
Prepaid IT services |  |  | 259 |  |  |  | 412 |
Deferred tax asset |  |  | 1,560 |  |  |  | 675 |
Other non-current assets |  | $ | 5,880 |  |  | $ | 5,670 |
Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following (in thousands):
|  | December 31, |
|  | 2022 |  |  | 2021 |
Accrued sales tax exposure |  | $ | 408 |  |  | $ | 1,444 |
Accrued interest |  |  | 548 |  |  |  | 9 |
Accrued bonus |  |  | 10,005 |  |  |  | 8,295 |
Accrued vendor liabilities |  |  | 4,811 |  |  |  | 4,756 |
Accrued benefits and retirement |  |  | 10,566 |  |  |  | 4,368 |
Acquisition holdback liability |  |  | 3,770 |  |  |  | — |
Deferred revenue |  |  | 1,185 |  |  |  | 795 |
Accrued commissions |  |  | 2,709 |  |  |  | 2,350 |
Deferred rent |  |  | — |  |  |  | 1,514 |
Income tax payable |  |  | 920 |  |  |  | 771 |
Tax distributions payable to Continuing Equity Owners |  |  | 3,196 |  |  |  | 169 |
Other current liabilities |  |  | 4,001 |  |  |  | 2,561 |
Accrued expenses and other liabilities |  | $ | 42,119 |  |  | $ | 27,032 |
Other Long-term Liabilities Other long-term liabilities consisted of the following (in thousands):
|  | December 31, |
|  | 2022 |  |  | 2021 |
Asset retirement obligation |  | $ | 119 |  |  | $ | 132 |
Deferred revenue |  |  | — |  |  |  | — |
Acquisition holdback liability |  |  | 3,496 |  |  |  | — |
Deferred tax liabilities |  |  | 5,932 |  |  |  | — |
Other long-term liabilities |  | $ | 9,547 |  |  | $ | 132 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
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