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Property and Equipment, Net
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Depreciation and amortization expense was $0.9 million for both the three months ended March 31, 2024, and 2023.
Property and equipment, net, includes the following amounts at March 31, 2024 and December 31, 2023:

(in thousands)Useful LifeMarch 31, 2024December 31, 2023
Software
2 to 5 years
$920 $920 
Capitalized software development costs5 years13,808 12,263 
Computers and equipment3 years6,584 6,359 
Furniture and fixtures5 years3,988 3,988 
Leasehold improvements
3 to 10 years
12,697 12,312 
$37,997 $35,842 
Less: accumulated depreciation and amortization(19,780)(18,896)
Property and equipment, net$18,217 $16,946 

For both the three months ended March 31, 2024 and 2023 the Company had non-cash investing activities of $0.2 million for capitalized stock-based compensation related to capitalized software development costs. Additionally, the Company recognized stock-based compensation expense on the amortization of capitalized stock-based compensation associated with capitalized software development costs of less than $0.1 million and none for the three months ended March 31, 2024 and March 31, 2023, respectively.