Capitalized Internal-Use Software, Net

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Capitalized internal-use software, net consisted of the following (in thousands):


	December 31,
	2023		2022

Developed software	$	43,156	$	23,777
General and administrative software	144		144
Total capitalized internal-use software	43,300		23,921
Less: accumulated amortization	(10,779)		(7,217)
Total capitalized internal-use software, net	$	32,521	$	16,704

Amortization expense of capitalized internal-use software was $3.6 million and $2.2 million for the years ended December 31, 2023 and 2022, respectively. Amortization of developed software and software purchased for internal use are included in cost of revenue and general and administrative expense, respectively, in the Company’s consolidated statements of operations for the years ended December 31, 2023 and 2022.

As of December 31, 2023, future amortization expense is expected to be as follows (in thousands):


Year Ending December 31,
2024	$	6,905
2025	7,304
2026	6,851
2027	6,138
2028	4,455
Thereafter	868
Total	$	32,521

The Company evaluates capitalized internal-use software for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. During the year ended December 31, 2023, the Company recorded an impairment expense of $0.2 million, related to an in-house operating system initiative that was determined to no longer provide future economic benefits during 2023. The impairment expense is recorded as research and development expense in the Company’s consolidated statement of operations. No impairment expense was recorded during the year ended December 31, 2022.