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Consolidated balance sheet components | 9 Months Ended
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Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Consolidated balance sheet components | 5. Consolidated balance sheet components Cash, cash equivalents, and marketable securities— The amortized cost, unrealized gains and losses, and estimated fair value of cash, cash equivalents, and marketable securities consisted of the following (in thousands):
As of September 30, 2022 |  | Amortized cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Cash and cash equivalents: |  |  |  |  |  |  |  |
Cash |  | $ | 418,993 |  |  | $ | — |  |  | $ | — |  |  | $ | 418,993 |
Money market funds |  | 1,457 |  |  | — |  |  | — |  |  | 1,457 |
U.S. government securities |  | 7,463 |  |  | 1 |  |  | — |  |  | 7,464 |
Total cash and cash equivalents |  | 427,913 |  |  | 1 |  |  | — |  |  | 427,914 |
Marketable securities: |  |  |  |  |  |  |  |
U.S. government securities |  | 66,267 |  |  | — |  |  | (215) |  |  | 66,052 |
Total cash, cash equivalents, and marketable securities |  | $ | 494,180 |  |  | $ | 1 |  |  | $ | (215) |  |  | $ | 493,966 |
The Company periodically evaluates its investments for other-than-temporary declines in fair value. The unrealized losses on available-for-sale securities were primarily due to unfavorable changes in interest rates subsequent to the initial purchase of these securities. No securities had been in a continuous unrealized loss position for twelve months or longer as of September 30, 2022. The Company expects to recover the full carrying value of its available-for-sale securities in an unrealized loss position as it does not intend or anticipate a need to sell these securities prior to recovering the associated unrealized losses. As a result, the Company does not consider any portion of the unrealized losses as of September 30, 2022 to represent an other-than temporary impairment. As of September 30, 2022, the entirety of the Company’s marketable securities portfolio had contractual maturities of one year or less. Prepaid expenses and other current assets— Prepaid expenses and other current assets consisted of the following (in thousands):
| September 30, |  | December 31,
| 2022 |  | 2021
Prepaid expenses | $ | 9,904 |  |  | $ | 12,465 |
Capitalized cloud computing costs, current | 913 |  |  | 808 |
Short term deposits | 115 |  |  | 745 |
Other current assets | 2,546 |  |  | 1,909 |
Prepaid expenses and other current assets | $ | 13,478 |  |  | $ | 15,927 |
Property and equipment, net— Property and equipment, net consisted of the following (in thousands):
|  | September 30, |  | December 31,
|  | 2022 |  | 2021
Computers and equipment |  | $ | 7,843 |  |  | $ | 6,798 |
Furniture and fixtures |  | 4,843 |  |  | 4,701 |
Purchased software |  | 383 |  |  | 383 |
Leasehold improvements |  | 19,045 |  |  | 18,932 |
Construction in progress |  | 18 |  |  | 18 |
Total property and equipment |  | 32,132 |  |  | 30,832 |
Less accumulated depreciation and amortization |  | (24,316) |  |  | (20,945) |
Property and equipment, net |  | $ | 7,816 |  |  | $ | 9,887 |
Depreciation expense was $1.1 million for both the three months ended September 30, 2022 and 2021, and $3.4 million and $3.3 million for the nine months ended September 30, 2022 and 2021, respectively. Capitalized software, net— Capitalized software, net consisted of the following (in thousands):
|  | September 30, |  | December 31,
|  | 2022 |  | 2021
Capitalized software |  | $ | 58,637 |  |  | $ | 43,804 |
Less accumulated amortization |  | (32,750) |  |  | (23,750) |
Capitalized software, net |  | $ | 25,887 |  |  | $ | 20,054 |
Amortization expense of capitalized software was $3.3 million and $2.5 million for the three months ended September 30, 2022 and 2021, respectively, and $9.0 million and $6.7 million for the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022, expected amortization expense for capitalized software over the remaining asset lives is as follows (in thousands):
Remainder of 2022 | $ | 3,445 |
2023 | 12,272 |
2024 | 7,947 |
2025 | 2,223 |
Total expected amortization | $ | 25,887 |

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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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