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Property and Equipment
12 Months Ended
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 development11,047 6,707 
Leasehold improvements1,029 467 
Furniture1,203 1,185 
Total property and equipment18,977 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.