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Balance Sheet Components | 6 Months Ended
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Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract] |
Balance Sheet Components | Balance Sheet Components Cash and Cash Equivalents, Restricted Cash, and Funds Held In Escrow, Including Funds In Transit The following table reconciles cash and cash equivalents, restricted cash, and funds held in escrow that are restricted as reported in the condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022 to the total of the same amounts shown in the condensed consolidated statement of cash flows for the six months ended June 30, 2023:
(In thousands) | June 30, 2023 |  | December 31, 2022
Cash and cash equivalents | $ | 154,106 |  |  | $ | 129,384 |
Restricted cash | 4,390 |  |  | 4,390 |
Funds held in escrow, including funds in transit | 177,655 |  |  | 161,457 |
Total cash, cash equivalents, and restricted cash as shown in the condensed consolidated statement of cash flows | $ | 336,151 |  |  | $ | 295,231 |
Property and Equipment, Net Property and equipment, net consisted of the following:
(In thousands) | June 30, 2023 |  | December 31, 2022
Internal-use software and platform development | $ | 39,699 |  |  | $ | 33,273 |
Leasehold improvements | 11,644 |  |  | 11,644 |
Computer equipment and software | 6,640 |  |  | 6,514 |
Office furniture and fixtures | 3,475 |  |  | 3,475 |
Total property and equipment | 61,458 |  |  | 54,906 |
Less: accumulated depreciation | (36,591) |  |  | (32,843) |
Property and equipment, net | $ | 24,867 |  |  | $ | 22,063 |
For the three months ended June 30, 2023 and 2022, depreciation expense related to property and equipment was $0.8 million and $0.8 million, respectively. For the six months ended June 30, 2023 and 2022, depreciation expense related to property and equipment was $1.5 million and $1.6 million, respectively. For the three months ended June 30, 2023 and 2022, the Company capitalized $3.6 million and $1.7 million of internal-use software and platform development costs, respectively. For the six months ended June 30, 2023 and 2022, the Company capitalized $6.4 million and $2.9 million of internal-use software and platform development costs, respectively. For the three months ended June 30, 2023 and 2022, amortization expense related to the capitalized internal-use software and platform development costs was $1.1 million and $1.2 million, respectively. For the six months ended June 30, 2023 and 2022, amortization expense related to the capitalized internal-use software and platform development costs was $2.3 million and $2.4 million, respectively. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following:
(In thousands) | June 30, 2023 |  | December 31, 2022
Accrued compensation and related benefits | $ | 11,295 |  |  | $ | 17,239 |
Accrued indirect taxes | 13,196 |  |  | 14,102 |
Accrued vendor expenses | 11,545 |  |  | 8,858 |
Operating lease liability, current | 6,593 |  |  | 6,502 |
Accrued payment processing fees | 2,494 |  |  | 2,425 |
Accrued talent costs | 1,856 |  |  | 2,352 |
Other | 1,838 |  |  | 2,133 |
Total accrued expenses and other current liabilities | $ | 48,817 |  |  | $ | 53,611 |

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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 -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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