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Property and Equipment | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment Property and equipment consist of the following (in thousands):
| December 31, 2023 |  | December 31, 2022 |  |
Computer equipment | $ | 5,698 |  |  | $ | 5,089 |  |  |
Capitalized software development | 11,047 |  |  | 6,707 |  |  |
Leasehold improvements | 1,029 |  |  | 467 |  |  |
Furniture | 1,203 |  |  | 1,185 |  |  |
Total property and equipment | 18,977 |  |  | 13,448 |  |  |
Less: accumulated depreciation and amortization | (9,314) |  |  | (5,941) |  |  |
Property and equipment, net | $ | 9,663 |  |  | $ | 7,507 |  |  |
Depreciation and amortization expense relating to the Company’s property and equipment was $3.8 million and $2.7 million for the years ended December 31, 2023 and 2022, respectively. Amortization expense relating to the cost of revenue for capitalized software development was $1.7 million and $1.2 million for the years ended December 31, 2023 and 2022 respectively. The Company capitalized $4.3 million and $1.5 million in capitalized software development costs in the years ended December 31, 2023 and 2022, respectively. Included within capitalized development costs were $0.9 million and $0.2 million of stock-based compensation expense in the years ended December 31, 2023 and 2022, respectively. As of December 31, 2023 and 2022 the unamortized balance of capitalized software development costs on the Company’s consolidated balance sheets was approximately $6.8 million and $4.3 million, respectively. No impairment indicators were identified when the capitalized development costs were assessed for impairment for the years ended December 31, 2023 and 2022.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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