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Property and Equipment, Net
 6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Note 7. Property and Equipment, net

Property and equipment, net consisted of the following as of the dates presented (in thousands):

 

June 30,
2024

 

 

December 31,
2023

 

Computer equipment and software

 

$

3,825

 

 

$

3,681

 

Internal-use software

 

 

22,019

 

 

 

18,135

 

Furniture and fixtures

 

 

899

 

 

 

912

 

Leasehold improvements

 

 

5,393

 

 

 

5,431

 

Construction in progress

 

 

76

 

 

 

—

 

 

 

32,212

 

 

 

28,159

 

Less: Accumulated depreciation and amortization*

 

 

(15,138

)

 

 

(13,025

)

 

$

17,074

 

 

$

15,134

 

* For the six months ended June 30, 2024, accumulated depreciation and amortization expense included $(276) thousand of computer disposals and $(158) thousand of foreign currency translation adjustments. For the six months ended June 30, 2023, accumulated depreciation and amortization expense included $(93) thousand of computer disposals and $(99) thousand of foreign currency translation adjustments.

Depreciation of property and equipment and amortization of internal-use software for the three months ended June 30, 2024 and 2023 was $1.2 million and $1.2 million, respectively. Depreciation of property and equipment and amortization of internal-use software for the six months ended June 30, 2024 and 2023 was $2.5 million and $2.1 million, respectively.

The Company capitalized $3.9 million and $2.8 million in costs related to internal-use software during the six months ended June 30, 2024 and 2023, respectively. Software developed for internal use is amortized on a straight-line basis over its estimated useful life of five years.

As of June 30, 2024 and December 31, 2023, the carrying value of internal-use software was $14.8 million and $12.7 million, respectively. Amortization expense related to internal-use software for the three months ended June 30, 2024 and 2023 was $0.9 million and $0.8 million, respectively. Amortization expense related to internal-use software for the six months ended June 30, 2024 and 2023 was $1.8 million and $1.3 million, respectively.