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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents

The following table reconciles cash and cash equivalents and restricted cash in the consolidated balance sheets to the totals shown on the consolidated statements of cash flows:

			December 31,
($ in thousands)			2023						2022
Cash and cash equivalents(1)			$	168,330					$	179,723
Restricted cash			2,647						26,358
Total cash, cash equivalents and restricted cash			$	170,977					$	206,081
(1) The Company had cash equivalents of $78.4 million and $1.0 million as of December 31, 2023 and 2022, respectively. Cash equivalents are composed of money market funds and certificates of deposits with original maturities of 90 days or less. Money market funds of $68.7 million are valued using quoted market prices as of December 31, 2023. The Company did not have money market funds as of December 31, 2022.

Property, Plant and Equipment

Additions and improvements are capitalized, while repairs and maintenance are expensed as incurred. Useful lives of each asset class are as follows:

Asset			Useful Life
Computers, software and related equipment			3 years
Furniture and fixtures			4 years
Operating equipment and servers			5 years
Leasehold improvements			Lesser of the lease terms or the estimated useful lives of the improvements, generally 1–10 years

As set forth in the table below, property and equipment, net as of December 31, 2023 and 2022 are $8.6 million and $9.8 million, respectively. The balances as of December 31, 2023 and 2022 also include finance lease right-of-use assets, net. The balances consist of the following:

			December 31,
($ in thousands)			2023						2022
Computers, software and related equipment			$	5,541					$	4,050
Operating equipment and servers			4,779						4,610
Furniture			647						600
Leasehold improvements			658						640
Property and equipment not yet placed into service			610						816
Total property and equipment			12,235						10,716
Less: accumulated depreciation			(7,641)						(3,818)
			4,594						6,898
Finance lease right-of-use assets			5,519						3,112
Less: accumulated amortization			(1,502)						(246)
			4,017						2,866
Property and equipment, net			$	8,611					$	9,764

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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Tabular disclosure of the components of cash and cash equivalents.

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